Rikvin provides a full spectrum of corporate services under one
roof for Singapore co
Singapore is the preffered destinations for employment and
business opportunity seekers. Given its attractive entrepreneurial
landscape and modern lifestyle.
Rikvin elaborates on four Singapore permanent
resident schemes. These are the Global Investor Program [GIP],
The Financial Investor
Program [FIP], Foreign
Artistic Talent scheme [FATS], and Professional, Technical Personnel & Skilled
Worker scheme [PTS].
Among these four, the PTS is the
easiest and most common as anybody who holds work
visas such as the Employment pass on Q and P types and the S pass
are eligible to apply.
“In the PTS, the work pass holder, the legal spouse, and children below 21 years of
age can be given the permanent resident status,” says
Rikvin,
Included in the eligibility criteria are the applicant’s age,
employer’s credentials, current salary & overall financial
status, and the length of stay in Singapore. The government shall
also consider the contributions to the community and personal
interests of the applicants.
In
FATS, the foreign artists can be from areas such as fine
arts, dance music, theatre, photography, literature & film.
Rikvin states that the eligibility
requirements include the substantial experience in the field
of expertise, established reputation both at the home country and
abroad, and having formal training in the field of
specialty.
Rikvin clarifies that both GIP and FIP are for investors.
“GIP is designed for investors who
are enthusiastic in establishing a business in Singapore,”
Rikvin explains, saying moreover that
there are two options in GIP.
In option A, the investors shall pour in at least S$2.5 million in business entity
or expansion of an existing business. The authorities will also
require a business proposal or investment plan.
Another option is to invest a similar amount in any GIP-approved
fund. Its eligibility requirement is to have a minimum of 3 years of business or entrepreneurial
record or a 10-year experience of being a chairman, CEO, CFO, and
CTO in a company earning S$100 million in the last 10
years.
Finally, the FIP requires an investment worth S$10 million in
a financial institution approved by Monetary Authority of
Singapore.
Rikvin elucidates that the applicant must be at least 21 years
of age, with a personal asset amounting to S$20 million.
http://www.addpr.com/articles/business/71381.html
