The following is my answer to a Quora question: “Can a foreigner retire in Singapore?”
Conceivably, yes. To stay in Singapore, they need to acquire permanent residence, which is a challenge, or have some form of visit pass, which may be complicated for others. The real question is why would they want to do so? Singapore is not the sort of place to spend your sunset years unless you are invested in the nation, with family and friends. We are not a retirement village.
This only makes sense if that foreigner has sufficient
assets to set up a family office, and manage those investments here. That amount of investment would entitle him
to a specific type of visa, as a global investor. From there, acquiring permanent residency is
an option, provided they manage to buy property, take up insurance coverage,
and have above $2.5 million AUM (and that number is an estimate), and that is a
start. With that money, the cost of
living is not a factor, and he could have a good life.
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