Debated in Parliament on 15 Oct 2012.
Mr Pritam Singh asked 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.
Page: 919
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.
Page: 919
PAPERCUTS