News
MAS S$5m Permanent Residence Scheme
Posted on Thursday, December 02, 2004 - 11:55 PM
The Senior Minister, Mr Goh Chok Tong on 30 Nov 2004 announced a new PR Scheme by the Monetary Authority of Singapore (MAS).
The conditions for the Scheme are:-
a) S$5 million deposit with any MAS_registered financial institution. This includes foreign banks.
b) The deposit is for a 5 years period.
c) It can be deposited in any instrument managed by the bank/insurance company in Singapore.
d) The bank must certify that the investor's personal assets is at least S$20 million.
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May 17, 2008 - 03:13 PM
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