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    Home » Researcher claims to be ‘misquoted’ in media report on high net worth foreigners becoming citizens

    Researcher claims to be ‘misquoted’ in media report on high net worth foreigners becoming citizens

    May 9, 20232 Mins Read Singapore
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    Mr Shanmugam was responding to a parliamentary question from NCMP Leong Mun Wai who had asked for the number of ultra-high net worth individuals and their families who have been granted Singapore citizenship since 2000.

    The minister said the Immigration & Checkpoints Authority does not collect information on the wealth or net worth of Singapore citizenship applicants.

    “That is not a primary criteria for assessment for Singapore citizenship,” he told the House.

    He reiterated that “having high net worth does not guarantee Singapore citizenship”. Citizenship applications are assessed on a broad range of factors, including the ability to contribute to Singapore, the number of jobs that the applicant or his business may be able to create in Singapore, as well as the applicant’s family ties to Singaporeans.

    Different criteria may apply to different applicants, depending on their background and circumstances, Mr Shanmugam said.

    For example, an applicant applying as a spouse of a Singapore citizen will be considered differently from someone applying based on having stayed in Singapore for a period of time and contributing to the creation of jobs in the country.

    Describing the article as a “serious case of being misquoted”, Leader of the Opposition Pritam Singh asked if the authorities have reached out to the media publication to find out why the piece was published.

    Mr Shanmugam replied that he does not keep track of whether his ministry reached out to the media.

    “What we do know and what’s factual is that we issued a statement categorically rebutting the report and … the person who was supposedly quoted has written to us to say all these things.”

    In an editor’s note published on Monday, Lianhe Zaobao said its reporter had asked the research firm about the expected number of new high-net-worth individuals coming to Singapore this year, and the firm estimated that 3,000 to 3,500 people would migrate. 

    The article mistakenly stated that they were expected to become Singapore citizens, the newspaper said.

    K Shanmugam Ministry of Home Affairs Singapore Parliament
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