High-net-worth individuals enjoy many advantages when immigrating to Singapore. While Singapore's immigration requirements for applicant assets are high, it remains the most popular destination for high-net-worth individuals.
The main reasons they favor Singapore immigration are as follows:
First, there is no immigration residency requirement in Singapore, which means applicants who need to manage businesses in their home country can do so without affecting their domestic careers.
Second, nearly 80% of Singapore's current population is ethnic Chinese, so there are no language or cultural barriers, providing a more familiar living environment.
Third, Singapore's education system is bilingual in Chinese and English, allowing children to enjoy an international education while still embracing traditional Chinese culture.
Fourth, Singapore has a relatively low tax rate; taxes are only levied on income earned locally, while income earned elsewhere is not subject to taxation.
Investment funds are suitable for high-net-worth entrepreneurs whose business focus is in China.
First, investment funds eliminate the trouble and risks associated with starting a business;
Second, the funds purchased are designated and participated in by the government, ensuring a high safety factor and stable returns;
Third, the returns generated by investment funds are tax-free, allowing investors to keep all profits.
The application process for investing 1.5 million SGD into a fund is simple:
1. The applicant must possess at least 1.5 million SGD from legitimate sources;
2. Purchase one or more funds designated by the Singapore government, which will be held in custody by the government for 5 years;
Investing 1.5 million SGD into a fund offers many benefits and high returns:
1. You can invest in a single fund or diversify across multiple funds. The minimum investment amount for each fund is 300,000 SGD.
2. The return rate of the funds is between 5% and 25%. Of course, this is based on past performance and may vary.
3. Immediate family members who can apply for Singapore permanent residency along with the applicant include: a spouse and unmarried children under the age of 21.
4. The investor's parents or parents-in-law who meet the requirements can apply for a Long-Term Visit Pass (LTSVP), with the validity period matching the investor's Re-Entry Permit.
5. The investor's children over the age of 21 can apply for a Long-Term Visit Pass (LTSVP), with the validity period matching the investor's Re-Entry Permit.
6. Male children of the investor who become permanent residents under their parents' application must fulfill National Service obligations upon reaching the age of 18; this not only helps the children develop physically and mentally but also facilitates their integration into society.
Based on the above, it is not difficult to see that choosing an investment fund is the most suitable option for Chinese entrepreneurs. However, amid the current volatility in immigration policies, the Singapore government has followed the trend of increasing prices; applicants after October 1st must invest 2.5 million SGD into a fund to qualify for immigration.
