Bignews.biz, 16 Aug 2009
The Singapore government and the Monetary Authority of Singapore (MAS), in their quest to boost Singapore’s status as a centre for private banking and wealth management, set up a new investment scheme to get Singapore Permanent Residence. This scheme, the Financial Investor Scheme (FIS), is our third route for Singapore migration.
There are two types of financial commitments under the FIS for Singapore Permanent Residence.
• Option A: requires the applicant to place in Singapore at least SGD 5 million of financial assets with a financial institution regulated by the MAS.
• Option B: requires the applicant to hold at least SGD 3 million of assets and a Sentosa Cove bungalow on Sentosa Island.
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