Becoming a Permanent Resident in Singapore (PR) Reaps Real Benefits
If you become a Permanent Resident in Singapore (PR), you will reap real benefits. You save a lot of money in terms of CPF Contributions, Educational Subsidies, Health-care incentives, etca The list goes on! Continue to read so that you can claim Singapore's pledge to its residence: PlayaWorkaLive!
Immigrants are welcome to identify with Singapore's way of life and enjoy its diversified talents that contribute to its professionalism and potentiality of the country. Every year, over 36,000 foreigners have been offered permanent residency since 1996. Just last year 55,000 PR's were granted. Singapore more than welcome foreign talents with its open door policies as Jialin Investment Consulting and the Singapore Government-approved Investment Fund Partners make the overall immigration process as easy as ABC.
Singapore Permanent Residence
It is no surprise that foreigners who have been in Singapore either for work or holiday would want to gain Permanent Residency. Singapore makes the environment a blissful place for everyone to play, work and live healthily. No wonder foreigners are so attracted to choosing Singapore as their second home!
There are a few ways to gain Singapore Permanent Residency (PR).
An applicant is eligible for PR status under the following:
Scheme for Professional/Technical Personnel/Skilled WorkersPermanent Residents (PR) status under the Professionals, Technical Personnel & Skilled Workers Scheme (PTS) is granted to those who have secured employment in Singapore prior to PR application. They should also hold an Employment Pass (P or Q Pass). Applicants must be below 50 years of age. The spouse and unmarried children (below 21 years of age) of a PR may also apply for PR status. Applicants under this scheme will be assessed by a Points System, which takes into account the type of employment pass, duration of stay in Singapore, academic qualifications, basic monthly salary, age, kinship ties in Singapore.Scheme for InvestorsForeigners interested in starting up a business or wishing to invest in Singapore, may apply for Permanent Residence (PR) status for themselves and their immediate family (spouse and unmarried children 21 years of age and below) under the Investor Scheme, by choosing one of the following options: Invest at least S$1 million in a new business start-up or expansion of an existing business operation
Option A:Invest at least $1.5 million in a new business start up, expansion of an existing operation, approved Singapore-incorporated venture capital fund or Singapore-incorporated foundation or trust that focuses on economic development
Option B:Invest at least $2 million in a new business start up, expansion of an existing operation, approved Singapore-incorporated venture capital fund or Singapore-incorporated foundation or trust that focuses on economic development. Residential property can be purchased with not more than 50% of the investment amount
Under this scheme, the entrepreneurial track record, the business or investment plan and skills will be considered in granting PR.
Landed Permanent Residence
Those who have acceptable professional or tertiary qualifications, are working in professional, managerial or specialist jobs and are interested in relocating to Singapore but are currently not working in Singapore can apply for Landed Permanent Residence. A LPR is valid for up to 2 years within which the holder must find a suitable employment or relocate their families to Singapore. PR will be granted once employment is secured or the family has relocated to Singapore.
Singapore Permanent Resident Status under Foreign Artistic Talent Scheme
Foreign artistic talents in art, photography, dance, music, theater, literature and film may apply for Singapore Permanent Resident Status under Foreign Artistic Talent Scheme. This Scheme is jointly administered by the Singapore Immigration and the National Arts Council (NAC).Eligible foreign talents should have received formal training and /or have relevant working experience and have already established a reputation both at home and abroad. Applicants have to send a application along with resume and relevant testimonials to NAC which on perusal will send a PR application form deserving candidates. On receiving the completed form NAC will recommend the applicant to the Singapore Immigration for its decision.
Approved-in-Principle (AIP) PR Scheme
This scheme provides a 5-year approval-in-principle PR to successful Hong Kong applicants. Holders can obtain Permanent Residence status if they secure employment or relocate their family to Singapore within the 5 years validity period. Hong Kong residents who satisfy certain guidelines can apply for permanent residence.
The following categories of foreigners are also eligible to apply:
Spouse and unmarried children (below 21 years old) of a Singapore Citizen (SC) /
Permanent Resident (SPR);
Aged parents of a Singapore Citizen;
For foreign investors who are interested in the application of Singapore Permanent Residence ("PR"), we can assist with application of Permanent Residence. We have a Professional Advisory Team to answer your queries on the areas of eligibility criteria or application procedures and assist you with the needed requirements.
