Singapore Permanent Residence (PR)
With a PR, you will be able to live, work, and travel in and out of the country indefinitely. As a permanent resident, you are no longer subject to applying for work permits when switching jobs and as such you will no longer face delays or risk of rejection in employment due to visa.
Another advantage is that employers in Singapore highly inclined to employing permanent residents, compared to foreign candidates. As a permanent resident, you will experience better job stability and recruitment priority.
Along with the career flexibility and stability, you will also be able to enjoy various perks of being a permanent resident, such as healthcare and education subsidies, affordable housing, priority for various loans, and other financial benefits provided under Singapore’s Central Provident Fund (CPF) scheme.
Finally, your children and spouse will also be able to apply for permanent residency in the future under the family ties scheme with you as their local sponsor.
Singapore PR Eligibility
Before you apply – here are the Singapore PR requirements. You are eligible to apply if you are a/an:
- S Pass, Employment Pass, Personalised Employment Pass (PEP), Entrepreneur Pass (EntrePass) holder.
- Spouse of Singapore citizen or permanent resident
- Unmarried children of Singapore citizen or permanent resident aged under 21
- Aged parents of Singapore citizen
- Student Pass holder
- Investor keen to invest in or startup new businesses in Singapore (GIP scheme)
- Foreign Artistic Talent (ForArts scheme)
GIP Scheme for Investors
- Option A: Invest at least SGD $2.5 million in a new business startup or the expansion of an existing business.
- Option B: Invest at least SGD $2.5 million in a GIP-approved fund.
Along with the minimum amount of funds you invest, there are other criteria to meet. You must have a good business track record, an entrepreneurial background and a substantial business proposal or investment plan that you can submit to the Economic Development Board (EDB) of Singapore.
Recent times have seen Singapore geared towards the development of a more robust and vibrant arts scene, where it is home to a broad and diverse range of artists and art groups.
If your professional experience lies in any field of the arts, you can apply for permanent residence through the Foreign Artistic Talent scheme (“ForArts scheme”).
To qualify for the ForArts scheme, you must possess professional experience with proven significant contributions in your field of the Performing Arts, Visual Arts, Literary Arts, Design and/or Media, and relevant training in your field of practice.
You must also have made significant contributions to Singapore’s arts and cultural scene, with a proven track record of local engagements at leadership level, and have concrete plans to be involved in the Singapore arts and cultural sector.
The Professionals/Technical Personnel & Skilled Worker scheme (“PTS scheme”) is for foreign professionals who are already working in Singapore at the time of their application. The PTS scheme is the most natural and direct channel for obtaining a permanent resident status in Singapore.
A important condition is that you must have been working in Singapore for at least 6 months prior to your application. This means that you must be working in Singapore under a work visa – Employment Pass, Entrepreneur Pass, Personalized Employment Pass or S Pass.
You will need to submit at least 6 months’ of your salary payslips as proof that you have been working in Singapore for at least 6 months prior to applying.
How to Apply for Singapore PR?
There are different types of forms that need to be completed by you to submit the application. You also need to submit the supporting documents along with your application. We reiterate that this can be a painstaking process, so it’s best left to experienced consultants like SG Payroll to manage it on your behalf.
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