Singapore Permanent Residence (PR) Comprehensive Guide
Everything You Need to Know About Applying for Permanent Residency (PR) in Singapore
Are you looking to apply for Singapore Permanent Residency so that you can move to the most liveable city in all of Asia?
There are so many good reasons to live in Singapore. The HSBC Expat Explorer Survey in 2018 rated Singapore as the best destination to live and work for an ex-pat. It has a strong economy that is referred to as the Switzerland of Asia, the political environment is stable, the crime rate is low, and it’s seen as one of the best places to do business in the world. You may also want to learn more about the Benefits of Singapore PR.
So, what do you need to do to apply for permanent residency in Singapore? Is it a matter of filling out some paperwork or sending in some proof of identification? Unfortunately, it’s not as easy as that.
If you want to know the best way to apply for PR in Singapore, then here’s what you need to do to prepare for your application and make sure that you get approved. In case if you are holding an existing Singapore PR and looking to renew it soon, read more on Our Ultimate Guide for Singapore PR renewal (Re-entry Permit).
The Singapore Permanent Residence (PR) 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.
Who is Eligible to Become a Singapore PR?
There is a number of ways that you can secure a Singapore PR. See below for all available options to obtain a Singapore PR.
1. Professional Technical or Skilled Professional (PTS) Scheme
This is typical for those overseas working professionals who are currently working in Singapore. Read further to learn more about this scheme.
2. Singapore PR Scheme For Investors
This is the investment visa 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 the 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.
5. Student Option
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 you are in the integrated program.
Source: ICA – Graph of Singapore Citizens and PR Granted from 2008 to 2018
How to Apply to Become a Singapore PR under the PTS Scheme?
If you’re working under the Employment Pass or S-Pass scheme, then the Skilled Migration Scheme is likely the Singapore PR application you want to apply for. It’s also the easiest one to attain.
In order to qualify, you need to be working in the country at the time of your application. You also have to hold either the Employment Pass, Entrepreneur Pass, Personalised Employment Pass, or S-Pass. While it’s easy to apply for, there’s still some paperwork that needs to be submitted. It’s best to consult with an immigration partner before submitting this Singapore PR application to ensure you have everything you need to be successful.
These are not the only requirements though. There are other checks and balances that you will need to include with the Singapore PR application that an immigration agency will be able to provide direction on.
What Do You Need to Prepare for Your Singapore PR Application?
As part of your application for the Skilled Migration Scheme, there are some documents that you should have readily available to ensure the process runs smoothly. Some of the most important ones include:
• Proof of employment documents. For example, contracts, recommendation letters, employer contact information, evaluation reports.
• Proof of education. For example, certificates and diplomas going as far back as high school.
• Documents that provide proof of your financial status. For example, payslips and any other information that details your proof of income.
• Your most up-to-date resume.
• Property documentation for any real estate that you currently own in Singapore.
• Documents for your spouse and children if they are going to be on the application with you.
It’s a good idea to provide value-add documents (e.g. testimonials, reference letters, proof of professional achievements) to stand out from the crowd. While this might seem like an extra step, it’s worth having it available to help speed up the process.
Usually, your PR application would 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.
What is Your Singapore PR Application Assessed On?
There are several areas that your application will be assessed. This can include your economic contribution to the company, the uniqueness of your occupation, your age and family profile, how long you lived in Singapore as well as your ability to integrate into society. Before you submit an application, you should also consider if you can highlight:
• Your educational background as authorities will put a lot of weight on your degree and the institute you graduated from
• The length of time you’ve spent in Singapore
• How stable your job is
• How established your company is
• If you can demonstrate you’re a law-abiding citizen
• Any family ties you have in the country
• If you’ve contributed to the Singapore society through volunteering or donations.
What to do if Your Application is Rejected or Unsuccessful?
There’s no reason to be disheartened if your application is rejected. Only 15,000 applications get approved in a year, and there are over 180,000 foreign workers who meet the eligibility requirements. Over 50% of the applications that are submitted get rejected.
Fortunately, there is no limit on how many times you can apply to become a permanent resident of Singapore. If your situation changes significantly during the time your application is getting processed, such as starting a new job or having a baby, then you should reapply. However, it’s a good idea to partner with an agency that can help highlight the contribution you bring to Singapore.
How to Ensure Your Singapore PR Application is Successful?
A Singapore PR application can take anywhere from four to six months to be processed. There’s also a non-refundable fee of $100 for each person on the paperwork. If you’re going to wait this long, you’ll want to ensure that you provide everything you need to guarantee that your Singapore PR application is successful. This is why it’s best to partner with an immigration partner.
For over a decade, One Visa has helped investors, business owners, and corporate executives successfully receive their Singapore permanent residency. We stay up to date with all of the latest developments in migration policies and always aim to get your application approved as quickly as possible. If you’re looking to settle down in Singapore for good, sign up for our free assessment, and we can guide you on your way to permanent residency.
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6 – 12 months
Unless you have something substantial to support your SPR application, it is better to wait for over a year before you reapply again. It is best to seek to One Visa Team to understand on how to prepare a better SPR application.
5 years and you need to renew every 5 years;
32,710 (source from ICA)