The world’s most flamboyant country called Singapore is an evolving destination for those of overseas entrepreneurs for having enormous resources and a plethora of business-supporting programs. Popularly termed as business and investors Mecca, Singapore is one among those countries who fully supported the modern idea of globalization and witnessed fruitful outcomes by utilizing it effectively.
Singapore is often talked for its wonderful achievements in terms of infrastructure and world-class architecture, however, the nation is much more than that. And today Singapore became an apt destination for business and investors by introducing the Global Investor Program, run by the Singapore Economic Development Board (SEDB).
Global Investor Program, as the name suggests, ensures the entry into the territory of Singapore of those who are desperate to set up and run their business in the island country. The said program has been attracting entrepreneurs worldwide since its incorporation. Today, the Global Investor Program became the most successful programs run by Singapore immigration, due to its great response.
The Global Investor Program constitutes of four main schemes to please investors and offers the numbers of immigration options that include Entrepass, Permanent Resident for Investors, Multiple Journey Visa, and Social Visit Pass for Entrepreneurs.
For enjoying the benefits of permanent residents the applicants need to satisfy the required investment criteria for establishing a new business or expansion of the existing business.
Moreover, the multiple journey visa serves its main purpose of offering benefits of frequent entry to Singapore from their native place, for business visit or other purposes. Multiple entry visas are granted with the validity for 1, 2, or 5 years certainly depends on the guidelines provided by ICA.
Besides this, Social Visit Pass for entrepreneurs facilitates the applicants by granting their stay in the country for 6 months to gather all the business details and appropriate opportunities. The applicants are however free to leave and re-enter the country during the validity period. The applicants need to get a support letter from the EDB while filing their application for the Social Visit Pass..
Moreover, Entrepass grants the entry and stay to a foreign investor in Singapore, and issued initially with the validity period of up to 2 years. It lets the entrepreneurs to start their business operation. Moreover, the primary applicants are allowed to live in Singapore and enjoy their stay under this program.
