Singapore Permanent Residence (PR)
Singapore Permanent Residence
OverviewThe Singapore Permanent Residence is a permanent visa that allows foreigner professionals, certain type of investors and family members of Singapore citizen or PR to work and stay in Singapore Permanently. Aside from the right to stay permanently in Singapore and the freedom of travelling in and out of Singapore, frequently there are also other perks like healthcare and education subsidies, pension scheme plan for retirement and eligibility for the purchase highly subsidised HDB apartments own by Government.
Singapore Permanent Residence Options
There are number of ways that you can secure a Singapore PR. See below for all available options to obtain a Singapore PR.
1.Skilled Migration Scheme Under The EP Or S-Pass Scheme
This is the most common option where foreign individuals working in Singapore under the Employment Pass or S-Pass scheme can apply for permanent residence through the Professionals/Technical Personnel and Skilled Worker also known as the PTS scheme. It is the easiest and the best route to getting that much-coveted Singapore PR.
To qualify, you must be working in Singapore at the time of application. You must be a holder of either an Employment Pass, Entrepreneur Pass, Personalised Employment Pass or S-Pass. An essential document that needs to be submitted during application is a pay slip noting at least six months of salary. This acts as proof that you have lived and worked in Singapore for a minimum of six months before applying.
The investment scheme known as the Global Investor Programme or GIP is also another way to apply for Singapore PR. Under this scheme, a person may apply for PR for themselves, as well as their family members by establishing a business with a minimum amount of $2.5 million or investing the same amount of money in a business in Singapore. At present, there are two options for investors to choose from:
Option A: $2.5 million investment in a new or startup business or expansion of an existing business operation.
Option B: $2.5 million in a GIP-approved fund.
Aside from investing the minimum amount required, there is also a must to meet minimum criteria such as an entrepreneurial background, a business proposal and investment plan, and a good business track record.
3.Family Sponsor Scheme: PR application for Spouse
Permanent residents who are married and have children are encouraged to apply PR for their spouse and children. However, it is important to consider that there is a requirement to send your sons to the National Service before applying PR for them. You also have the option to apply for PR for your aged parent if you are an existing Singapore PR.
4.Foreign Artistic Talent Programme
The country’s art scene has seen rapid growth in the last few years and in line with the country’s aim to be a regional hub for the arts, Singapore is opening its doors for foreign artistic talent who would like to obtain permanent residency. Individuals who have talents in music, dance, photography, theatre, film or literature, can apply through the Foreign Artistic Talent scheme.
To qualify for the scheme, you have to be a well-established artist in your home country and preferably with international prominence. You should also possess relevant training in your field of practice. It is also a necessity to have made important contributions to Singapore’s cultural and art scene with a proven track record of local engagements. You must also possess concrete plans when it comes to the involvement in the country’s art and cultural sectors.
Another way to obtain Singapore PR is to apply if you are a student studying in Singapore. Foreign students may apply to the Immigration and Checkpoints Authority or ICA. They must have resided for at least 2 years at the time of application, have passed a minimum of 1 national exam or are in the integrated program.
Singapore PR application for Foreign Professionals
The easiest option for a foreigner to gain Singapore PR in Singapore is to immigration via the skilled migration option. You need to be holding an existing work pass (S-Pass, EP, Entrepass) in Singapore to be eligible for this scheme but holding a work pass does not guarantee you a SPR. You will also be assessed based on your:
- Economic Contribution to Singapore
- Qualification and uniqueness in your occupation;
- Age and family profile;
- Length of residency in Singapore;
- Ability to integrate to Singapore’s society and commitment to sinking roots
Usually, your PR application will take 6 – 12 months to process and in some cases, it can be longer than 12 months due to the high demand in securing approval for PR status.
Singapore PR RejectionWhen you have received an SPR rejection, it means that you have not contribute enough to Singapore and you have to keep looking for way to contribute further before you submit a new application or appeal for your PR. It is now very common to see SPR getting rejected for more than 2 times but you should not give up. Always speak to someone professional to assess you the rejection reasons and plan on when to re-apply again.
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Singapore PR benefitsThere is a myriad of benefits that comes with being a Singapore Permanent Resident, which is why a lot of people apply for it. Here are some of the things you are entitled to if you become a Singapore PR.
- You can live in the country for five years, as well as enter and exit the country freely without the need for additional visas.
- You are able to enjoy safety, security and economic stability in the country.
- You will be able to change jobs freely without the additional worry of reapplying for work permits. There are also more jobs open to Singapore PRs that offer higher salaries compared to those available to full foreigners.
- The Central Provident Fund or CPF which employers contribute an additional 16% to 17% to. The CPF funds can be used for investments and give permanent residents tax reliefs. Should a PR decide to renounce their permanent residency, he or she is entitled to the full amount of accumulated CPF funds.
- You are able to purchase resale Executive Condominiums or HDB homes. PRs can choose and easily secure loans from various purchase loan schemes. You can also use your CPF funds to pay mortgages or deposit, if need be.
- You will be entitled to subsidized rates for public polyclinics, hospitals, and national centers. PRs are also entitled to Medisave and can use Medisave to offset or pay medical bills.
- You or your children can enjoy subsidized fees or tuition grants in most tertiary educational institutions. Your children are also given priority for enrollment to local public schools, just behind citizens.
- You can register or start a company without the need of a local partner or representative and are subject to lesser regulations imposed on full foreigners.
- You can also apply Singapore permanent residency for your spouse and unmarried children who are younger than 21 years old. Children who are of school-age will be given high priority, next to citizens, to enter public schools of their own choice.
- Apply for long-term visas for your parents.
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