Singapore Foreigners

Singapore Raises Permanent Residency Threshold for Ultra-Wealthy Business Owners and Investors

The Singapore Economic Development Board (EDB) recently announced changes to the Global Investor Programme (GIP), significantly raising the threshold for ultra-wealthy individuals seeking permanent residency in Singapore as business owners or investors. The move is part of an effort to support local startups and create more job opportunities for Singaporean citizens. The GIP, first introduced in 2004,...

Expats say they’ll stay in S’pore, but spend less: HSBC survey

EXPATRIATES in Singapore feel fairly secure about staying here despite the global economic downturn. A recent global survey by HSBC has shown that 91 per cent of 192 expatriates living in Singapore said that they have not considered returning home despite the downturn. This is higher than the global average of 85 per cent, said HSBC in its annual "Expat Explorer" survey released yesterday. More than...

A rental boost from foreign students

SINGAPORE’S drive to become an education hub is providing a form of support for the home leasing market. According to property and student agents, more international students in Singapore are turning to condominiums for accommodation even as the more traditional hostels and HDB flats remain in hot demand. The influx of foreign students has visibly strengthened since the Economic Development Board...

Long Term Pass card to be issued to foreigners residing in Singapore

Singapore will introduce a new Long Term Pass (LTP) card to all foreigners residing in Singapore on Student’s Pass (STP), long term visit pass, Employment Pass (EP) and Dependant’s Pass. The move is part of the government’s initiative to enhance the national security of the country, said the Immigration & Checkpoints Authority (ICA) and the Ministry of Manpower (MOM) in a joint statement on...

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