There have been some recent updates to the Global Investor Programme ("GIP"), a scheme that offers Singapore permanent residency ("PR") status to individuals looking to invest and relocate to Singapore.

The GIP has minimum threshold criteria that individuals need to meet in order to apply. In addition to established business owners, the new rules have introduced three additional categories of individuals who can apply under the GIP, namely: next generation business owners, founders of fast growth companies, as well as ultra-high net worth individuals who are looking to set up a single family office in Singapore.

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