{"id":5962,"date":"2023-04-03T11:41:38","date_gmt":"2023-04-03T11:41:38","guid":{"rendered":"https:\/\/www.elitestage.cn\/?p=5962"},"modified":"2023-04-10T15:23:48","modified_gmt":"2023-04-10T15:23:48","slug":"singapore-immigration-soaring-ways-of-corporate-investment","status":"publish","type":"post","link":"https:\/\/www.elitestage.cn\/de\/singapore-immigration-soaring-ways-of-corporate-investment\/","title":{"rendered":"Singapore Immigration Soaring, Ways of Corporate Investment"},"content":{"rendered":"<section>\n<section>\n<section>\n<section><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-5964\" src=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore1.jpg\" alt=\"\" width=\"940\" height=\"627\" srcset=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore1.jpg 940w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore1-300x200.jpg 300w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore1-768x512.jpg 768w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore1-18x12.jpg 18w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore1-150x100.jpg 150w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore1-360x240.jpg 360w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore1-373x249.jpg 373w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore1-80x53.jpg 80w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore1-620x414.jpg 620w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore1-460x307.jpg 460w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore1-365x243.jpg 365w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/>In recent years, global investors have come to Singapore to invest, bringing huge investment income and employment to Singapore. The Singapore Economic Development Board (EDB) has announced new immigration regulations that significantly raise the investment threshold for obtaining permanent residency in Singapore through\u00a0<strong>the Global Investor Program (GIP<\/strong><strong>)\u00a0<\/strong>and significantly increase the number of Singapore citizens who must be employed. The new regulations came into effect on<strong>\u00a0March 15<\/strong><strong>.<\/strong><\/p>\n<\/section>\n<\/section>\n<section>\n<section><\/section>\n<\/section>\n<\/section>\n<\/section>\n<section>\n<section>Under the new GIP, the government will offer foreign immigrant investors<strong>\u00a0three options\u00a0<\/strong>to choose from. Foreign nationals can choose one of the three options to invest in Singapore to<strong>\u00a0obtain a residence permit<\/strong>, depending on their circumstances.<\/section>\n<\/section>\n<section>\n<section>\n<section>\n<section><\/section>\n<\/section>\n<\/section>\n<section>\n<section><strong>Option 1<\/strong><\/p>\n<\/section>\n<section>\n<section><\/section>\n<\/section>\n<\/section>\n<\/section>\n<section>\u00a0<\/section>\n<section>\n<section>\n<section>\n<section><img decoding=\"async\" class=\"alignnone size-full wp-image-5965\" src=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore2.jpg\" alt=\"\" width=\"867\" height=\"650\" srcset=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore2.jpg 867w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore2-300x225.jpg 300w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore2-768x576.jpg 768w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore2-16x12.jpg 16w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore2-100x75.jpg 100w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore2-360x270.jpg 360w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore2-373x280.jpg 373w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore2-80x60.jpg 80w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore2-620x465.jpg 620w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore2-460x345.jpg 460w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore2-365x274.jpg 365w\" sizes=\"(max-width: 867px) 100vw, 867px\" loading=\"lazy\" \/><\/section>\n<\/section>\n<section><\/section>\n<section>\n<section>Under the new regulations issued by the Singapore Economic Development Board, foreign applicants who choose Option 1 must invest at least S$10 million (including paid-up capital) to establish a new business entity or invest in an already operating business.The new investment amount standard is significantly higher than the previous standard of\u00a0<strong>S$2.5 million<\/strong>. At the same time, the new immigrant investor policy also requires that in order to renew a re-entry permit after the\u00a0<strong>first 5-year permanent residence period<\/strong>, the business must employ\u00a0<strong>at least 30 employees<\/strong>, at least half of whom must be Singapore citizens and 10 of whom must be new employees.<\/p>\n<p>The original requirement was that for a foreign immigrant investor to\u00a0<strong>renew his re-entry permit<\/strong>, the applicant&#8217;s business must only employ at least 10 new employees, half of whom must be Singapore citizens, and have a total business expenditure of S$2 million.<\/p>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<section>\n<section>\n<section>\n<section>\u00a0<\/section>\n<\/section>\n<section>\n<section>\n<section><\/section>\n<\/section>\n<\/section>\n<\/section>\n<section>\n<section><strong>Option 2<\/strong><\/section>\n<section>\n<section><\/section>\n<\/section>\n<\/section>\n<\/section>\n<section>\n<section>\n<section>\n<section>Foreign applicants who choose Option 2 to invest in Singapore are required to<strong>\u00a0invest S$25 million<\/strong>\u00a0in selected funds under the Global Investor Programme, a significant increase to 10 times the original requirement.<\/section>\n<\/section>\n<\/section>\n<\/section>\n<section>\n<section>\n<section>\n<section>\u00a0<\/section>\n<\/section>\n<section>\n<section>\n<section><\/section>\n<\/section>\n<\/section>\n<\/section>\n<section>\n<section><strong>Option 3<\/strong><\/section>\n<section>\n<section><\/section>\n<\/section>\n<\/section>\n<\/section>\n<section><\/section>\n<section>\n<section>\n<section>\n<section>Option 3 is for foreign investors who intend to set up<strong>\u00a0a family financial\u00a0<\/strong>office in Singapore.Previously, foreign investors were only required to invest S$2.5 million in a single-family office with\u00a0<strong>at least S$200 million\u00a0<\/strong>in assets under management. Under the new regulations, a foreign applicant must establish a single-family office in Singapore with\u00a0<strong>at least S$200 million<\/strong>\u00a0in assets under management, of which\u00a0<strong>at least S$50 million\u00a0<\/strong>must be invested in four specified categories, which must be completed within\u00a0<strong>12 months<\/strong>\u00a0from the date of the Singapore Government&#8217;s approval letter.<\/p>\n<p>The\u00a0<strong>four investment categories<\/strong>\u00a0are:<\/p>\n<p>companies listed on an exchange licensed by the Monetary Authority of Singapore, such as companies listed on the Main Board of the Singapore Exchange and the Kelly Board.<\/p>\n<p>eligible debt securities, including bonds, notes, commercial paper and certificates of deposit, etc.<\/p>\n<p>funds issued by managers registered in Singapore.<\/p>\n<p>an investment in unlisted companies in Singapore by way of private equity.<\/p>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<section><\/section>\n<section>\n<section>So for Option 1,<strong>\u00a0what kind of domestic filing procedures<\/strong>\u00a0should a Chinese enterprise company fulfill if it wants to invest in Singapore to set up a branch or subsidiary?Since November 2016, the approval of overseas investment projects has\u00a0<strong>become more and more stringent<\/strong>.<\/p>\n<p>Relevant approval departments need domestic investment enterprises to submit due diligence, feasibility study report, description of the source of investment funds, investment environment analysis and evaluation of the implementation of the preliminary work description information, through the material to the project description of the demonstration for approval.<\/p>\n<p>&nbsp;<\/p>\n<\/section>\n<\/section>\n<section>\n<section>\n<section><\/section>\n<\/section>\n<section>\n<section>\n<section><strong>Overseas investment filing\u00a0<\/strong><strong>and approval process<\/strong><\/section>\n<\/section>\n<\/section>\n<\/section>\n<section>\n<section>\n<section>\n<section><\/section>\n<\/section>\n<\/section>\n<\/section>\n<section>\n<section>\n<section>\n<section>Generally speaking, Chinese enterprises making overseas investments need to obtain approval, filing or registration from<strong>\u00a0three main\u00a0competent authorities<\/strong>.These include approval or filing by the National Development and Reform Commission or local development and reform commission (hereinafter referred to as &#8220;<strong>development and reform department<\/strong>&#8220;), approval or filing by the Ministry of Commerce or local commerce department (hereinafter referred to as &#8220;<strong>commerce department<\/strong>&#8220;), and approval or filing by the local branch of the State Administration of Foreign Exchange (hereinafter referred to as &#8220;<strong>foreign exchange department<\/strong>&#8220;). hereinafter referred to as &#8220;foreign exchange control department&#8221;) of the foreign exchange registration procedures.<\/p>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<section>\n<section><img decoding=\"async\" class=\"alignnone size-full wp-image-5966\" src=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore3.png\" alt=\"\" width=\"696\" height=\"489\" srcset=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore3.png 696w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore3-300x211.png 300w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore3-18x12.png 18w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore3-360x253.png 360w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore3-373x262.png 373w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore3-80x56.png 80w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore3-620x436.png 620w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore3-460x323.png 460w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore3-365x256.png 365w\" sizes=\"(max-width: 696px) 100vw, 696px\" loading=\"lazy\" \/><\/section>\n<section><\/section>\n<\/section>\n<section>\n<section><\/section>\n<section><strong>Overseas investment approval and filing &#8211; online filing by development and reform departments<\/strong><\/section>\n<\/section>\n<section><\/section>\n<section>\n<section>\n<section>\n<section>\u00a0 \u00a0 \u00a0 In terms of filing projects, on June 22, 2014, the NDRC issued the Notice of the General Office of the NDRC on the Activation of the National Overseas Investment Project Filing Management Network System (NDRC Foreign Investment [2014] No. 1386).The Notice stipulates that the overseas investment projects that should be managed by filing under Decree No. 9 shall, in principle, be declared through the &#8220;National Overseas Investment Project Filing Management Network System&#8221; (hereinafter referred to as &#8220;<strong>filing system<\/strong>&#8220;).<\/p>\n<p>Except for the overseas investment projects of local enterprises registered in China (Shanghai) Pilot Free Trade Zone (hereinafter referred to as &#8220;<strong>Shanghai FTZ<\/strong>&#8220;).<\/p>\n<p>The filing system will automatically send the information to the National Development and Reform Commission or relevant provincial development and reform departments for acceptance based on the type of enterprise, place of registration and the amount of Chinese investment in the project.<\/p>\n<p><strong>Login to the filing system<\/strong><\/p>\n<p>Login through the &#8220;Overseas Investment Project Record Management Network System&#8221; in the &#8220;Government Service Center&#8221; &#8211; &#8220;Online Office&#8221; section of the NDRC website.<\/p>\n<p><strong>Registration of enterprise user name<\/strong><\/p>\n<p>The application for user registration of central enterprises is accepted by NDRC, and the application for user registration of local enterprises is accepted by provincial development and reform departments.<\/p>\n<p><strong>Submit project filing information<\/strong><\/p>\n<p>After obtaining the user name and password, enterprises log in the filing system, fill in the overseas investment project filing form and upload relevant attachments as required, and submit the paper filing materials separately.<\/p>\n<p><strong>Acceptance and examination by corresponding authorities<\/strong><\/p>\n<p>The filing system will automatically send the project and enterprise information to the National Development and Reform Commission or provincial development and reform departments for acceptance.<\/p>\n<p><strong>Inform the review results<\/strong><\/p>\n<p>To fill in the material does not meet the requirements, the development and reform departments promptly feedback requirements to make up for the amendment; has passed or failed to review, promptly informed of the results. Through the record review of the project by the development and reform departments issued a paper &#8220;project record notice.<\/p>\n<p>&nbsp;<\/p>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<section>\n<section><\/section>\n<section><strong>Overseas investment approval for the record &#8211; online filing in the commercial sector<\/strong><\/section>\n<\/section>\n<section>\n<section>\n<section>\n<section>\u00a0 \u00a0 \u00a0 According to the Measures for the Administration of Overseas Investment promulgated on September 6, 2014, the commerce department will implement filing or approval management for overseas investment by enterprises.If an enterprise&#8217;s overseas investment involves\u00a0<strong>sensitive countries and regions or sensitive industries<\/strong>, the management will be approved, while other investment cases will be subject to filing management.<\/p>\n<p>The Ministry of Commerce (MOFCOM) and the provincial commercial authorities will manage the overseas investment through the<strong>\u00a0&#8220;Overseas Investment Management System&#8221;<\/strong>\u00a0and issue the &#8220;Certificate of Overseas Investment&#8221; to the enterprises that have been filed or approved, which will be printed and stamped by MOFCOM and the provincial commercial authorities respectively and managed by a unified code.<\/p>\n<p>Specific approval and filing authority of the commerce department:<\/p>\n<\/section>\n<\/section>\n<section>\n<section><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5967\" src=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore4.png\" alt=\"\" width=\"683\" height=\"374\" srcset=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore4.png 683w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore4-300x164.png 300w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore4-18x10.png 18w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore4-360x197.png 360w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore4-373x204.png 373w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore4-80x44.png 80w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore4-620x340.png 620w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore4-460x252.png 460w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore4-365x200.png 365w\" sizes=\"(max-width: 683px) 100vw, 683px\" \/><\/section>\n<section><\/section>\n<\/section>\n<\/section>\n<\/section>\n<section>\n<section><\/section>\n<section><strong>Approval and filing process of overseas investment by commerce and local commerce departments<\/strong><\/section>\n<\/section>\n<section>\n<section>\n<section>\n<section><strong>filing procedures and conditions<\/strong>For overseas investment that belongs to the record, the central enterprise shall report to the Ministry of Commerce for filing; the local enterprise shall\u00a0<strong>report to the competent provincial commercial department for filing<\/strong>.<\/p>\n<p>Central enterprises and local enterprises shall fill out and print the &#8220;Overseas Investment Filing Form&#8221; (hereinafter referred to as the &#8220;Filing Form&#8221;) through the &#8220;<strong>Management System<\/strong>&#8221; as required, stamp it and submit it to the Ministry of Commerce or the provincial commercial department for filing, together with a copy of the business license of the enterprise.<\/p>\n<p><strong>If the &#8220;Filing Form&#8221; is filled out truthfully,<\/strong>\u00a0completely and in the statutory form, and the enterprise declares in the &#8220;Filing Form&#8221; that there is no overseas investment in the circumstances listed in Article 4 of these Measures, the Ministry of Commerce or the provincial department in charge of commerce shall file and issue the &#8220;Certificate&#8221; within three working days from the date of receipt of the &#8220;Filing Form&#8221;. If the enterprise does not fill in the &#8220;filing form&#8221; truthfully and completely, the Ministry of Commerce or the provincial department in charge of commerce will not file the form.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Approval Procedures and Conditions<\/strong><\/p>\n<p>For approved overseas investment, the central enterprise shall apply to the Ministry of Commerce, and the local enterprise shall apply to the Ministry of Commerce through the local provincial commercial department.<\/p>\n<p>Enterprises applying for approval of overseas investment must submit the following materials:<\/p>\n<p><strong>Application form<\/strong>, mainly including the situation of the investment subject, name of the overseas enterprise, equity structure, investment amount, business scope, operation period, source of investment funds, specific content of the investment, etc;<\/p>\n<p><strong>Application Form for Overseas Investment<\/strong>, which should be filled out and printed by the enterprise through the &#8220;Management System&#8221; and stamped;<\/p>\n<p><strong>The contract or agreement <\/strong>related to the overseas investment;<\/p>\n<p><strong>The relevant departments <\/strong>of the overseas investment in the products or technologies that are restricted from export by the People&#8217;s Republic of China;<\/p>\n<p><strong>A copy of the business license<\/strong>\u00a0of the enterprise.<\/p>\n<p>&nbsp;<\/p>\n<p>Approval of overseas investment should seek the views of our embassies (consulates) in foreign countries (business offices). If the central enterprise is involved, the Ministry of Commerce shall consult; if the local enterprise is involved, the competent provincial commercial department shall consult. Consultations, the Ministry of Commerce and the provincial department in charge of commerce should provide basic information on investment matters. Embassies (consulates) abroad (business offices) should respond within seven working days from the date of receipt of the request for comments.<\/p>\n<p>The Ministry of Commerce should be approved\u00a0<strong>within 20 working days\u00a0<\/strong>after receiving the application of the central enterprises (including the time to seek the views of foreign embassies (consulates) (and business offices)) to make a decision on whether to be approved. Application materials are incomplete or do not meet the statutory form, the Ministry of Commerce shall inform the applicant\u00a0<strong>within 3 working days\u00a0<\/strong>of all the content that needs to be corrected.<\/p>\n<p>Late notification, from the date of receipt of the application materials, is accepted. Central enterprises in accordance with the requirements of the Ministry of Commerce to submit all the corrective application materials, the Ministry of Commerce shall accept the application.<\/p>\n<p>The provincial commerce department shall accept the application for approval of local enterprises whether the application involves the circumstances listed in Article 4 of these measures for a preliminary review, and\u00a0<strong>within 15 working days<\/strong>\u00a0(including the time to seekthe views of foreign embassies (consulates) (business offices)) will be a preliminary review and all application materials submitted to the Ministry of Commerce.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5968\" src=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore5.jpg\" alt=\"\" width=\"940\" height=\"627\" srcset=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore5.jpg 940w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore5-300x200.jpg 300w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore5-768x512.jpg 768w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore5-18x12.jpg 18w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore5-150x100.jpg 150w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore5-360x240.jpg 360w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore5-373x249.jpg 373w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore5-80x53.jpg 80w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore5-620x414.jpg 620w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore5-460x307.jpg 460w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore5-365x243.jpg 365w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Application materials are incomplete or do not meet the statutory form, the provincial department in charge of commerce should be informed<strong>\u00a0within three working days<\/strong>\u00a0of all the content to be corrected by the applicant enterprise. Late notification, from the date of receipt of the application materials, is accepted. Local enterprises in accordance with the requirements of the provincial department in charge of commerce to submit all the corrective application materials, the provincial department in charge of commerce shall accept the application. The Ministry of Commerce received the preliminary review of the provincial department in charge of commerce, which should be made within 15 working days to approve the decision.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Approval of joint overseas investment by two or more enterprises<\/strong><\/p>\n<p>If two or more enterprises jointly carry out overseas investments, the relative major shareholder shall seek the written consent of the other investors for filing or application for approval. If the shareholdings of the parties are equal, one of them shall apply for filing or approval after consultation. If the investors do not belong to the same administrative region, the Ministry of Commerce or the provincial commercial department responsible for the filing or approval shall inform the commercial department of the location of the other investors of the result of the filing or approval.<\/p>\n<p>&nbsp;<\/p>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<section>\n<section><\/section>\n<section><strong>Overseas Investment Approval and Filing &#8211; Registration in Foreign Exchange Department<\/strong><\/section>\n<\/section>\n<section>\n<section>\n<section>\n<section>According to the &#8220;Notice on the Issuance of Foreign Exchange Management Regulations for Overseas Direct Investment by Domestic Institutions&#8221; issued by the State Administration of Foreign Exchange in 2009, for overseas direct investment by Chinese enterprises, the preliminary expenses remitted by domestic institutions to overseas are subject to registration of overseas direct investment preliminary expenses.Thereafter, enterprises apply for foreign exchange registration of overseas direct investment after\u00a0<strong>obtaining approval or filing fro<\/strong>m the development and reform department and the commerce department.<\/p>\n<p>According to the latest &#8220;Notice of the State Administration of Foreign Exchange on Further Simplifying and Improving Foreign Exchange Management Policies for Direct Investment&#8221; of the State Administration of Foreign Exchange on February 13, 2015 (effective on June 1, 2015).<\/p>\n<p><strong>\u00a0Since June 1, 2015,<\/strong>\u00a0foreign exchange registration under overseas direct investment will be directly audited by banks, and the State Administration of Foreign Exchange and its branches will implement indirect supervision of foreign exchange registration of direct investment through banks.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5963\" src=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore6.jpg\" alt=\"\" width=\"1080\" height=\"591\" srcset=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore6.jpg 1080w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore6-300x164.jpg 300w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore6-1024x560.jpg 1024w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore6-768x420.jpg 768w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore6-18x10.jpg 18w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore6-360x197.jpg 360w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore6-373x204.jpg 373w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore6-80x44.jpg 80w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore6-620x339.jpg 620w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore6-460x252.jpg 460w, https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore6-365x200.jpg 365w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<p>&nbsp;<\/p>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<section>\n<section><\/section>\n<section><strong>\u00a0Overseas investment approval and filing &#8211; SASAC approval or filing<\/strong><\/section>\n<\/section>\n<section>\n<section>\n<section>\n<section>If the subject of overseas investment is a s<strong>tate-owned enterprise<\/strong>, it involves the approval or filing of the\u00a0State-owned\u00a0Assets Supervision and Administration Commission<strong>\u00a0(SASAC)<\/strong>.According to Article 6 of the Notice of the State-owned Assets Supervision and Administration Commission of the State Council on Matters Relating to the Strengthening of Overseas Investment Management of Central Enterprises, overseas investment projects belonging to the main business of the enterprise shall be reported to the SASAC for record, and overseas investment projects not belonging to the main business shall be reported to the SASAC for examination.<\/p>\n<p>Meanwhile, according to<strong>\u00a0Article 10\u00a0<\/strong>of the Interim Provisions on Management of Equity Investment by Municipal State-owned Enterprises, the overseas equity investment and cross-border guarantee for overseas M&amp;A financing by state-owned enterprises shall be considered in accordance with\u00a0<strong>internal decision-making procedures<\/strong>\u00a0and, after examination and approval by the funded enterprises, shall be reported by the funded enterprises to the SASAC for approval.<\/p>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p class=\"tx-excerpt\">In recent years, global investors have come to Singapore to invest, bringing huge investment income and employment to Singapore. The Singapore Economic Development Board (EDB) has announced new immigration regulations that significantly raise the investment...<\/p>","protected":false},"author":1,"featured_media":5964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-5962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Singapore Immigration Soaring, Ways of Corporate Investment - elitestage.cn<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.elitestage.cn\/de\/singapore-immigration-soaring-ways-of-corporate-investment\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Singapore Immigration Soaring, Ways of Corporate Investment - elitestage.cn\" \/>\n<meta property=\"og:description\" content=\"In recent years, global investors have come to Singapore to invest, bringing huge investment income and employment to Singapore. The Singapore Economic Development Board (EDB) has announced new immigration regulations that significantly raise the investment threshold for obtaining permanent residency in Singapore through\u00a0the Global Investor Program (GIP)\u00a0and significantly increase the number of Singapore citizens who [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.elitestage.cn\/de\/singapore-immigration-soaring-ways-of-corporate-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"elitestage.cn\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-03T11:41:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-10T15:23:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.elitestage.cn\/wp-content\/uploads\/2023\/04\/Singapore1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"940\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"elitestage\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Verfasst von\" \/>\n\t<meta name=\"twitter:data1\" content=\"elitestage\" \/>\n\t<meta name=\"twitter:label2\" content=\"Gesch\u00e4tzte Lesezeit\" \/>\n\t<meta name=\"twitter:data2\" content=\"12\u00a0Minuten\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.elitestage.cn\\\/singapore-immigration-soaring-ways-of-corporate-investment\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.elitestage.cn\\\/singapore-immigration-soaring-ways-of-corporate-investment\\\/\"},\"author\":{\"name\":\"elitestage\",\"@id\":\"https:\\\/\\\/www.elitestage.cn\\\/#\\\/schema\\\/person\\\/31203aff8c38b824ba6cad22b0ec9528\"},\"headline\":\"Singapore Immigration Soaring, Ways of Corporate Investment\",\"datePublished\":\"2023-04-03T11:41:38+00:00\",\"dateModified\":\"2023-04-10T15:23:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.elitestage.cn\\\/singapore-immigration-soaring-ways-of-corporate-investment\\\/\"},\"wordCount\":2273,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.elitestage.cn\\\/singapore-immigration-soaring-ways-of-corporate-investment\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.elitestage.cn\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Singapore1.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"de\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.elitestage.cn\\\/singapore-immigration-soaring-ways-of-corporate-investment\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.elitestage.cn\\\/singapore-immigration-soaring-ways-of-corporate-investment\\\/\",\"url\":\"https:\\\/\\\/www.elitestage.cn\\\/singapore-immigration-soaring-ways-of-corporate-investment\\\/\",\"name\":\"Singapore Immigration Soaring, Ways of Corporate Investment - 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