Singapore


Singapore to end investment residency route for expats

by Ray Clancy on April 20, 2012

Changes to permanent residency for expats as Financial Investment Scheme ends

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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