Family Office SG
The Global Investor Programme GIP, which extends an olive branch to the world's wealthiest individuals.
The "Global Investor Programme" (GIP) promoted by the Economic Development Board of Singapore (EDB) has offered an olive branch to the global billionaires. Option C in the plan is the Family Office Option (Family Office Option). Foreign investors set up a single family office (Single Family Office, SFO) in Singapore, through which the whole family of the applicant can obtain Singapore permanent resident status.
Global Business Investor Plan · Plan C
Applicants can set up a single-family office and obtain Singapore permanent resident status through Global Business Investor Plan Scheme C. Applicants must first meet the following conditions
Family office organizational structure and form
Family office structures can take a formal form (e.g., establishing an independent company) or a informal form (e.g., entrusting existing employees of the family business or hiring independent consultants to manage the funds). In Singapore, a family office structure involves the main applicant establishing two companies in Singapore: a fund company and a family office. The family office provides fund management services to the fund entity (a legal entity incorporated in Singapore), and is eligible for Singapore's tax exemption schemes for funds. The fund manager (the main applicant) manages their own or their family's assets through the family office and obtains an Employment Pass (EP).
The Employment Pass (EP) is a high-level work visa issued by the Singapore Immigration & Checkpoints Authority to foreign professionals. Spouses and unmarried children under 21 years of age can apply for a Dependent's Pass (DP); parents can apply for a Long-Term Visit Pass (LTVP). The EP work pass combines address, employment relationship, and source of income into a single Singapore tax residency status, and permanent residency (PR/green card) can be applied for in as little as 6 months.
