Wealthy expats will no longer be able to gain permanent residency in Singapore next month as the country scraps a scheme that allows them the right if they invest in the country.
Currently under the Financial Investor Scheme (FIS) foreigners who bring in a minimum of S$10 million (£5 million) into Singapore for five years including using up to S$2 million on buying a property have a right to permanent resident (PR) status. [click to continue…]
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