Singapore is considered by many investor/business owner as the gateway to ASEAN by having one of the lowest corporate tax rates and the government business-friendly policies make its easy for foreign companies to relocate or set up their office in Singapore.A number of famous entrepreneurs (UK billionaire James Dyson and the owner of Haidilao Hot Pot Zhang Yong) had relocate their headquarter/office to Singapore

The Government is easing restrictions to allow new work permit and S Pass applications across all sectors into Singapore in order to alleviate the manpower shortage faced by businesses. The Ministry of Manpower (MOM), in consultation with the Ministry of Health, Ministry of National Development and Ministry of Trade and Industry, will adjust its processing of new work permit

Singapore’s Economic Development Board (EDB) announced on 12 November that it will launch a new “Tech.Pass” to promote the city-state’s technology ecosystem and make it a regional hub for technology.With the support of the Ministry of Manpower, the Economic Development Board will examine applications for the Tech.Pass. The program is expected to open for application in January 2021

Singapore is strategically located between the Pacific Ocean and the Indian Ocean, has attracted many high- net- worth people to immigrate due to its stable political environment, free trade economy, low tax rate and investment risk. Currently, there are mainly three routes to immigrate to Singapore, namely, Global Investor Programme (GIP), Single Family Office and Self- Employment Pass. Different immigration routes need to meet different conditions

The Global Investor Program (GIP) is a permanent residency scheme introduced by the Singapore Government and specially designed for those high net worth investors who wish to relocate to Singapore. The GIP is jointly administered by the Economic Development Board (EDB) and the Ministry of Manpower (MOM).