27/04/2023
https://www.channelnewsasia.com/singapore/highly-misleading-prediction-mha-singapore-citizenship-high-net-worth-individuals-3442176
I would change the article to 3500 high net worth individuals with investable of US$6m will become Singapore Citizens from 2023. Welcome to Singapore!
Fact:
1) Wealth is definitely a criteria to becoming a Singapore Citizen.
2) Singapore has no reason to reject application from high net worth individuals with clean records.
3) Becoming a citizen can save on 60% Additional Buyer’s Stamp Duty. Why not?
4) Singapore has the vision of $6.9m population. Remember?
Myth:
1) To get citizenship for 3500 people in a year is challenging but not impossible. ICA need to process in excess of 292 citizenship applications per month on top of employment related applications.
PS: 3500 people is just a small number. We predict at least 35,000 people are waiting for their citizenship application.
SINGAPORE: A widely reported projection of 3,500 high-net-worth individuals being granted Singapore citizenship in 2023 is "highly misleading, with no credible basis", said the Ministry of Home Affairs (MHA) on Tuesday (Apr 26). Last Thursday, Chinese-language newspaper Lianhe Zaobao published an in...