Foreigners required to invest more in Singapore if seeking permanent residency

Singapore will raise the minimum investment required for foreign investors who seek permanent resident (PR) status in the city-state to create more jobs and benefit locals. - Photo from Xinhua

SINGAPORE, March 6 (Vietnam News/ANN): From March 15, Singapore will raise the minimum investment required for foreign investors who seek permanent resident (PR) status in the city-state.

The move aims to create more jobs and benefit locals due to an influx of wealth as well as increase the quality of investors in Singapore.