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More investors to be eligible for fast-track PR scheme

Next-gen business owners, founders of fast-growing firms and family office principals will join established business owners as eligible applicants

Annabeth Leow

Published Mon, Jan 27, 2020 · 09:50 PM

Immigration

Singapore

TOWKAY scions and startup founders now have a new road to living in the Republic, under changes to a scheme that dangles permanent residency for investments in Singapore.

The Global Investor Programme (GIP), managed by the Economic Development Board (EDB), will add three kinds of investors who can apply for PR status, from March 1 onwards.

January's tweaks to the GIP, which was introduced in 2004, were billed by the EDB as "refinements" unveiled this year after a review of the scheme turned up new opportunities.

Matthew Lee, director of the EDB's Contact Singapore division, told The Bu…