The enticement of becoming a Singapore permanent resident through various schemes has convinced thousands of foreigners of different backgrounds to move to the City-state, one of Asia’s most stable countries and major business hubs.
As a permanent resident of Singapore, you will enjoy most of the benefits and rights granted to Singapore citizens. Various benefits include the right to live in a country without visa restrictions, higher priority public schools for your children, more freedom to buy property and participation in pension schemes, etc.
This guide provides an overview of the different types of permanent residence (PR) schemes available in Singapore so that you can decide on the one that best suits your needs and circumstances. However, if you want to register your business in Singapore, you don’t need to be a permanent resident. Check out our incorporation services to see for yourself.
There are three schemes for becoming a Singapore permanent resident depending on the visa you have:
The PTS scheme is aimed at foreign professionals working in Singapore. It is estimated that more than 95% of professionals attain their PR status through this scheme.
The main requirement is that you must be working in Singapore at the time of application. This means that you must first relocate to Singapore with a type of work visa known as an Employment Pass or Entrepreneur Pass, Personalized Employment Pass, or S Pass.
Step 1 – Consider the time when applying for PR
You can apply for PR when working in Singapore as an Employment Pass holder. At the same time, you may have to provide a six-month payslip from your Singapore company. We suggest that you wait for two years and submit your personal income tax two years in a row,
Step 2 – Increase the chances of being approved
There are several things you need to prove to the Singapore government when applying for PR:
And here are the things that you need to prepare:
Step 3 – Learn the filing requirements
You will need two forms, Form 4A and Accompanying Notes to Form 4A, listed under the PTS scheme. Form 4A has two parts. You submit the first part (PR Application Form), and your employer must file the second part (Appendix A).
A list of the supporting documents required can be found in the explanatory notes and list of documents in Form 4A. Here are some additional helpful guidelines you should consider:
Under the GIP scheme, you can apply for PR for yourself and your immediate family members by starting a business or investing the same amount in an established business in Singapore.
To apply through the GIP scheme, you must have a solid business track record and a successful background as an entrepreneur. If these conditions are met, you can choose from two available GIP options:
If you choose option A, you’ll need to submit a five-year business plan for your company. Most importantly, you must meet the milestones described in the business plan within five years of the initial investment.
After the applicant has selected one of the two options listed above and submitted the application, it is time for the authorities to assess the applicant. Here are the criteria that applicants have to meet:
If you have talent in the arts, photography, dance, music, theater, literature, or film, you can apply for PR through the ForArts scheme. To qualify for this scheme, you must:
PR applications are managed by the Immigration & Checkpoints Authority of Singapore (ICA) within the Ministry of Home Affairs (MHA). Keep in mind that, unlike your work permit/work visa, a permanent residence permit is not sponsored by your employer.
Here is how the process goes:
There is no limit to the number of times you can apply for a Permanent Residence Permit. Thus, if you don’t get your PR status on the first try, don’t give up. It is best to wait at least six months before you reapply and use that time to improve your case, for example, getting a higher salary, owning a property, or getting involved in community work, or investing in your education. To ensure that your application is submitted according to the guidelines specified by the ICA, it is best to engage a reputable corporate service provider to assist you with your PR application.
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