The GIP was released in 2004 and last revised in March 2020. This programme accords long lasting residency to qualified worldwide investors who plan to generate their companies and expense advancement from Singapore.
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The official inclusion on the Relatives Workplace solution ties in properly with the present tax incentives routine for cash (Section 13X and 13R) that household offices at the moment apply for In combination with the licensing exemptions of Solitary Family Workplaces.
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Having said that, your mother and father and unmarried little ones 21 or more mature are usually not permitted to apply for PR under your GIP software.
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Just before the latest spherical of updates, worldwide traders could apply for the GIP underneath two choices (possibly A or B). With result from one March 2020, a whole new expenditure possibility "Selection C", colloquially called the Relatives Workplace option, is currently accessible and formalises a Formerly unpublished alternative of investing right into a new or existing Singapore-centered Solitary Family members Office.
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