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CEO's Singapore PR rejected after raising $88M capital & creating 25+ jobs: 'Where to move next?'

Money ControlMoney Control · 7h
CEO's Singapore PR rejected after raising $88M capital & creating 25+ jobs: 'Where to move next?'

A tech entrepreneur, Alex Svanevik, has had his application for Singapore Permanent Residency rejected despite raising substantial capital and creating jobs in the country. The rejection highlights the frustrations faced by many entrepreneurs with Singapore's immigration policies. Commenters on Svanevik's social media post suggested that Singapore places more importance on academic background and assets owned rather than contributions made to the local economy. The incident has sparked discussions about Singapore's immigration framework, with concerns about the country's demographic challenges and the increasing trend of entrepreneurs seeking more favorable conditions elsewhere.

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