Following the increase in immigration thresholds in countries such as Canada and Australia, Singapore's investment immigration is also rumored to see a price hike— the investment fund amount will rise from 1.5 million Singapore dollars to 2.5 million Singapore dollars. At the same time, the processing procedures and requirements for investment immigration will become stricter, and there may be restrictions on the investment industry, although the quota will not decrease.
Although the Singapore government has not yet made an official statement regarding the price increase for investment immigration, several immigration agencies have indicated that they have heard related rumors. Based on the previous announcements regarding the price increase for Canadian investment immigration, this rumor does not seem to be unfounded.
The threshold will officially increase in January next year.
WorldWay Immigration experts explain that the investment threshold for Singapore's investment immigration will rise from 1.5 million Singapore dollars to 2.5 million Singapore dollars, and this policy will be officially implemented starting January 2011. Additionally, the annual turnover for the submitting enterprises will increase from 10 million Singapore dollars to 30 million Singapore dollars. Audit reports issued after October 2010 must meet the 30 million Singapore dollar standard, with profits reaching 2 million Singapore dollars. Reports prior to October will follow the current policy of 10 million Singapore dollars. Furthermore, the original 2 million Singapore dollar project will be canceled starting January 2011.
WorldWay Immigration Agency analyzes: The price increase is related to the surge in applicants.
"The price increase plan in Singapore should be related to the global economic and immigration situation." As the mainstream immigration country Canada raises its prices, other countries are also relatively increasing their standards. It is reported that Hong Kong's investment immigration is also planning to raise prices.
In addition, this is related to the recent surge in applications for Singapore investment immigration. It is reported that many applicants have made substantial profits in the stock and real estate markets over the past two years, providing them with excess funds, and after considering factors such as their children's education and quality of life, they choose to immigrate.
Immigration policies in many countries have entered a "tightening period." The advantages of Singapore's immigration have led to a sharp increase in the number of applicants each year. As of the first half of 2010, the number of applicants has reached a new historical high. Singapore is, after all, an island nation with an area of only 693 square kilometers. Although it has always maintained an open immigration policy, the continuous influx of new immigrants in recent years has made population saturation control a factor that the government must consider.
As for coping strategies, the general advice is to apply as early as possible. Applicants who obtain their file number and have complete documents before January 1, 2011, will still only need to invest 1.5 million Singapore dollars.
