The Global Investor Program (GIP) grants Singapore Permanent Residence (PR) status to eligible foreign investors who have a highly successful entrepreneurial background. Such successful investors who wish to relocate to Singapore or invest in the country can apply for PR through the GIP. The GIP is administered by a division of the Economic Development Board (EDB) of Singapore. Established or new business owners need to qualify on the basis of a number of prerequisites and requirements. Eligible investors will need to apply under the GIP, pay its fee of S$10,000 to EDP, and show up at the interview. Once assessed, the applicant will be granted an Approval-in-Principal (AIP) status, valid for 6 months. During these 6 months, the applicant can make all necessary investments and provide evidence of investments. The final approval letter is issued once the investments have been verified by EDB. The applicant then has to file for his PR status within 12 months of the issuing of this final approval letter. Our professional immigration consultants at CZ Consultancy can help businesses assess their eligibility and assist them through the entire PR application with the Economic Development Board under the GIP.