Permanent Residency Granted, Funds Invested and Jobs Created under Global Investor Programme

18 Mr Leong Mun Wai asked the Minister for Trade and Industry (a) since 2004, how many persons have been granted permanent residency under the Global Investor Programme; (b) what is the total amount of Assets Under Management invested under the Global Investor Programme (GIP); (c) how many GIP funds have been set up to date; and (d) how many of such GIP funds have returned less than 70% of the original investment capital to the investees upon the funds’ expiry.

19 Mr Leong Mun Wai asked the Minister for Trade and Industry since 2004, what is the estimated number of (i) jobs and (ii) total business spending created by Options A and B of the Global Investor Programme respectively.

Mr Gan Kim Yong: We had shared in Parliament on 23 February 2023 (i) the number of individuals accorded permanent residency through the Global Investor Programme (GIP), and (ii) the investment, total business expenditure figures and jobs generated by GIP investors via the more than 40 approved funds under the scheme. [Please refer to "Individuals who have Leveraged on Global Investor Programme to Qualify for Permanent Residency", Official Report, 23 February 2023, Vol 95, Issue 85, Oral Answers to Questions section.]

We do not actively track the investment returns to the individual funds.