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National Population and Talent Division
Parliamentary Replies

Parliamentary reply by DPM Teo Chee Hean on how many foreigners secured permanent residence in Singapore under FIS

15 October 2012

Between 2004 and 2012, a total of 1,080 investors were granted permanent residence under the Financial Investor Scheme before it was discontinued in April 2012, with 194 applications rejected over the same period.

TWELFTH PARLIAMENT OF SINGAPORE
WRITTEN ANSWER
MONDAY, 15 OCTOBER 2012

Mr Pritam Singh:
To ask the Prime Minister from 2004 to 2012 (a) how many foreigners secured permanent residence in Singapore under the Financial Investor Scheme; (b) which non-Asian and Asian countries did they originate from; and (c) how many applications were rejected.

Mr Teo Chee Hean (for the Prime Minister):
From 2004 to 2012, a total of 1,080 investors were granted permanent residence (PR) status under the Financial Investor Scheme (FIS). Asian investors came mainly from China, Hong Kong, India, Japan, South Korea, Taiwan and ASEAN countries, while non-Asian investors came from countries such as Australia, Canada, France, Germany, the United Kingdom and the United States. In the same period, 194 applications were rejected.

The FIS has ceased with effect from 15 April 2012.