Singapore's economic development outlook is excellent this year. Due to the impact of the financial crisis last year, the economy had been in a sluggish state. Furthermore, as Singapore is an import-oriented country heavily dependent on the global market, it was significantly affected. However, this year, with a clear economic development outlook, Singapore has experienced rapid growth. Consequently, the Singaporean government is encouraging investment immigration to Singapore.
Singapore has never been a major immigration country, but in recent years, there has been a significant increase in the number of applicants for investment immigration to Singapore. According to experts, the main reason is that more and more successful individuals are recognizing the benefits of investment immigration to Singapore, and there is also an increasing number of applicants from Northern China.
Experts state that the changes to the investment immigration policy implemented by the Singaporean government since the first half of this year have no impact on applicants. The policy adjustments only concern the review of investments in EDB funds; specifically, the Singapore Economic Development Board has tightened the approval process for EDB funds, which, conversely, is beneficial for the investment security of investment immigrants. The policies regarding visa processing have not been adjusted, though the processing cycle will be affected, extending from the original minimum of 2 months to approximately 4 months.
Experts specifically point out that the funds designated for investment immigration by the Singaporean government are all fund projects involving the restructuring of listed companies, which carry very low risk. Under this investment strategy, investment immigration will not incur losses within 5 years. Furthermore, the return rate of the investment funds is much higher than bank interest rates; currently, bank interest rates in Singapore are less than 1%, while the investment return rate for these funds is between 7% and 10%.
The number of immigrants is closely related to the overall domestic and international economic situation. The 2008 financial crisis swept across the globe, and information spread rapidly, forcing many investors to relocate. At the same time, the crisis allowed investors in Northern China to realize that Singapore is a low-risk, reputable country, extremely suitable for investment and asset preservation. This has given rise to wave after wave of Singaporean immigrants.
Singapore is the only country in the world that does not charge visa fees for investment immigrants and actively welcomes investors to come to Singapore for investment immigration.
