Quality of life in Singapore is frequently considered among the best in the world. It doesn’t matter whether you’re talking about tangibles such as the quality of health care, crime, educational institutions, infrastructure, housing, business prospects, and unemployment. There are also intangibles like racial peace, a multicultural population, and easy access to some of Asia’s most desirable tourist destinations. Singapore stands out from the crowd.
Singapore is Asia’s business capital and a great destination to live, work, and play in the continent. That’s why getting permanent residency (PR) status, which may be your first step toward Singaporean citizenship, makes good financial sense for you. Because of the Central Provident Fund and other personal tax advantages, this PR status is much more valuable. Public housing, high-quality education, and affordable healthcare are all available to PRs in Singapore, just as they are to Singaporean residents. To apply pr certificate for a life in Singapore, here are the things that you need to know.
Singapore’s Permanent Resident Schemes: What’s the Difference?
For a foreign citizen to become a Singaporean permanent resident, there are three options available:
- Arrangements for Professional, Technical, and Skilled Employees (PTS scheme)
- Investors in the Global Investor Program (GIP Scheme)
- Scheme for the Internationalization of the Arts (ForArts)
- Requirements for Obtaining Permanent Resident Status in Singapore
The following foreign nationals are eligible for permanent residency in Singapore under the PTS Scheme and GIP Scheme:
- A Singapore citizen or permanent resident’s spouse and minor children (under the age of 21) may also apply.
- Citizen’s elderly relatives
- Holders of a work permit or a student visa (includes personalized employment pass and entrepreneur pass)
- Entrepreneurs and investors who fulfill the GIP’s qualifying requirements
The Time to Process A Singaporean PR Application
While certain applications may take longer to complete, “the usual processing period for a PR application is between four and six months.
A comparison of the PTS and GIP: Singapore Permanent Residency
The days when obtaining a Singaporean residency visa were simple are long gone. Singapore’s Immigration and Checkpoints Authority (ICA) is now only accepting applications from people who are prepared to make Singapore their permanent residence. As a consequence, the acceptance rate for PR applications has dropped precipitously in recent years.SCI’s experienced staff, which is well-versed in preparing PR applications and appealing if these applications are refused in any way, will help you put your best foot forward even though no one can guarantee a Singapore permanent residence.
It is important to know that PTS is the quickest and most popular method of obtaining Singaporean citizenship. Those who can afford to spend more than S$2 million a year in Singapore in total business expenses qualify for GIP’s guaranteed permanent residence, but it is only available to the country’s super-rich.
Finally, you may seek for Singapore citizenship if you like your time here and want to make it your permanent residence. Singapore citizenship is available to all Singapore Permanent Residents (SPRs) who have lived in Singapore for at least two years.
Final Facts about Singaporean Permanent Resident Visas
It’s like winning the jackpot when you apply for a permanent resident visa in Singapore. It’s a myth that hiring a public relations firm can improve your chances of being accepted. However, the good news is that you may figure out your chances of success by carefully studying the PR data. As a result, submitting a simple online application is the ideal option. Hope you have a wonderful holiday season.