Singapore, an international metropolis known as the "Garden City", has become an ideal destination for many high-net-worth individuals around the world with its prosperous economy, high-quality educational resources and comfortable living environment.

However, immigration to Singapore often requires a certain amount of economic costs, especially the establishment of a family office, which requires up to 20 million Singapore dollars.

So, is there a shortcut to immigrate to Singapore at a lower cost? The answer is yes, that is the self-employed PIC program.

01

Start a business and move to Singapore

PIC, the full name is Private Investment Company, that is, a private investment company.

The self-employed PIC program refers to the applicant registering a private limited liability company in Singapore for financial investment and management activities.

Subsequently, the applicant can apply for a Singapore Employment Pass (EP) as a shareholder, director or professional investor of the company, and in the future, he can also apply to become a Singapore permanent resident (PR) or even a Singapore citizen.

02

Application conditions for the self-employed PIC program

The application conditions for the self-employed PIC program are relatively simple. Applicants only need to meet the following requirements:

★ Education: College degree or above;

★ Age: 25-50 years old;

★ Investment amount: 1 million Singapore dollars or more;

★ Others: Have certain entrepreneurial and investment experience.

The application process for the PIC program is also relatively simple. Applicants register a private investment company in Singapore and submit an application for an employment pass (EP). After the EP is approved, they can enter the country to open an investment account (investment account/company account/EP holder's personal account).

Therefore, before the EP is officially approved, applicants do not need to invest any fees.

In addition, applicants can apply for a Dependent's Pass (DP) or a Long-term Visit Pass (LTVP) for their family to realize the vision of the whole family living together in Singapore.

03

Advantages of applying for the self-employed PIC program

Compared with other ways to immigrate to Singapore, the advantages of the self-employed PIC program are more obvious.

► Efficient management of personal time and energy

For applicants, the self-employed PIC program provides great flexibility. Applicants can choose to operate the company themselves or entrust it to a professional third-party agency to operate without investing too much personal time and energy.

► High approval rate and PR application advantages

The financial industry is highly valued and supported by the government in Singapore. Therefore, the approval rate for applying for an employment pass (EP) through the self-employed PIC program is high, and it also enjoys a relatively high success rate when applying to become a Singapore permanent resident (PR) in the future.

► Asset allocation and tax incentives

As an international financial center, Singapore has a developed financial industry, a sound banking legal system, and a financial free trade port status. These advantages provide investors with an ideal asset allocation environment.

In terms of taxation, Singapore's corporate income tax rate is only 17%, the personal income tax rate is 0% to 24%, and there is no inheritance tax and capital gains tax, which further reduces the tax burden of investors.

The self-employed PIC program is undoubtedly a low-cost and efficient way to immigrate to Singapore. If you are interested in applying, please contact Xingyunhai International and we will provide you with tailor-made exclusive services.