There is a large migration of funds into Singapore annually. This provides an idea environment for fund management. In this post, I will update you what I’m doing and explore why it would be a good idea to start a fund now. I will also highlight who can benefit from a little known investment scheme setup by the Singapore government earlier. This makes it easy and safe for money to continue to flow into Singapore.
I’m setting up a fund in Singapore and here is why?
Are you interested in setting up a fund in Singapore like I am? There are a few things you need to know. I think the opportunity is huge, especially now that Hong Kong is under close scrutiny by the Chinese government. A lot of money is pouring into Singapore. This is the new capital of money. I was stupid to be working in crypto and living in Singapore for so many years. It kinda goes against the gain of the local government. Instead, I should have focused on fund management, long ago.
Why you should consider establishing an investment fund in Singapore?
The law here favors asset management companies. First, there are no capital gains tax. Second, low taxes. Third, the law protects investors. Forth, there are so many funds here, you can hire very capable people, as smart as they come. Of course, you already know that is why you are here. What you might not know is that it is not easy to get into Singapore. Unless you are rich. That is why you want to start your fund in Singapore. The money is flowing into Singapore. Not just any, only rich people can afford the entrance fee.
I’m in the middle of setting up a fund, you can work with me if you like. I’m also working on a startup, if you are a rich developer wanting to move to Singapore to protect your assets, we can work together, or I can just do all the work and you come up with the money. What ever works for you.
What is the easiest way to start a fund in Singapore?
Join an existing fund and expand. If you have an existing fund and, you would like help in expanding please get a hold of me. That’s what I’m looking for now. Too much self promotion, I’m terrible. Connect with me if you want to work together.
One of the biggest reason why money is flowing into Singapore is because of the stable political and economic structure here. Singapore established a way for people with at least a required investment of $2.5 million, a path to be a permanent residence in Singapore. This is a perfect plan for migrating to Singapore for investor; Singapore Global Investor Programme.
Singapore Global Investor Programme : The PR scheme for investors.
What you need to know to migrate to Singapore under the investor program. “The Global Investor Programme (GIP) accords Singapore Permanent Resident status (PR) to foreign nationals who intend to drive their businesses and investment growth from Singapore. You will need to have a substantial business track record and successful entrepreneurial background to qualify.”
How much does it cost to get PR in Singapore?
Application is 10k, you will need to have 3 years of entrepreneurial experience and be willing to invest 2.5million in expanding or starting your business in Singapore. If you don’t have a business but you want to be a business owner, you can invest in my startup😅.
Besides, the normal costs: The application fee chargeable is SGD100 per applicant at the point of submission of PR application. Each successful applicant will also pay a $20 fee for the Entry Permit. The total fees payable for each successful PR applicant are therefore $120.
Warning: You must be careful; I assume there will be many scams operating under this section. EDB is legit, it is Singapore’s Economic Development Board; it was a setup to bring business into Singapore. Make sure it is not a phishing site.
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Can I get Singapore citizenship by investment?
Let me sum it up, the Global Investor Programme (GIP), which was originally launched in 2004, with a focus on attracting foreign direct investments into Singapore. This scheme provides foreign investors with an opportunity to obtain permanent residence status in Singapore; eventually, a path to become citizens of Singapore. This is for your immediate family, which includes your spouse and unmarried children.
Under the Singapore Global Investor Programme (GIP), investors have a few different investment options to choose from. To be eligible for the GIP scheme, the eligibility criteria, foreign investors must make a minimum investment of S$2.5 million in any of the following:
– A new start-up company in Singapore
– An existing company in Singapore that is expanding its business operations
– A GIP fund that invests in Singapore-based companies (Not covered here)
How much do I need to invest in Singapore to get PR?
The first criteria under the GIP scheme offers established entrepreneurs with minimum of 3 years experience and required a minimum investment of S$2.5 million. Alternatively, make a minimum investment of S$2.5 million in a new business startup or existing business in Singapore. The business must also create at least 10 jobs for Singaporeans or permanent residents, or have at least $10 million in annual sales turnover.
These two options or great for those who are looking for a more hands-on approach; they can choose to invest in a startup. If you have an existing business plan and you want to start a new business entity, this option gives them the chance to be more involved in the company’s development and growth.
Note: Investors who are interested in applying for the GIP should consult with an experienced immigration lawyer to ensure that they meet all the eligibility requirements.
Application Procedure
The best way is to go to the main source. Again, click here for the link. Also, you must be all right with your male children serving in the national service; this is the mandatory military or civil service once your child reached 18 years old. The other drawback is that Singapore doesn’t allow dual citizenship. This program is for permanent residence in Singapore, but you never know what will happen eventually. I think these two criteria will be difficult for some people.
In conclusion: In this post, I wrote about starting a fund in Singapore and why that are beneficial to do so. In addition, I went into dept on why the money is pouring into Singapore and what is the best way to take advantage of the situation for foreign nationals as well as for existing business.