Each year, thousands of people apply for permanent residency in Singapore, but not all of them go through the same application process. Applicants for Permanent Resident status in Singapore can apply together with their spouse and unmarried children under 21. Singapore boasts a variety of schemes to grant permanent residence, which has compelled thousands of foreigners from every walks of life to put down roots in the island-state, which has earned a reputation as one of the most stable and developed countries in Asia.
Read on to learn about the different types of PR schemes available in Singapore so you can choose the one that best suit your needs and circumstances.
Permanent residence in Singapore is mostly obtained through the Professional, Technical Personnel and Skilled Workers (PTS) Scheme. The main requirement is that you have to be working in Singapore at the time of your Singapore permanent resident application. You will be required to obtain a work visa of either the Employment Pass, Entrepreneur Pass, Personalised Employment Pass or S Pass before you can relocate to Singapore.
Applicants for Singapore permanent residence may also apply through an investment scheme called the Global Investor Programme (GIP). The scheme allows you to obtain permanent residency for yourself and your immediate family members by starting a business with a minimum investment of SGD2.5 million or investing in an existing business in Singapore with a similar sum.
The GIP scheme currently offers two investment options:
Option 1: Invest at least S$2.5 million in the start-up of a new business or the expansion of an existing business.
Option 2: Invest S$2.5 million into a GIP-approved fund.
Aside from investing a minimum amount, you must also meet other requirements such as having a solid track record of business success, an entrepreneurial background, and a business proposal. To be on the safe side, we recommend consulting our PR application agency so that we can conduct a comprehensive review of your business profile.
The Singapore arts scene has grown rapidly in recent years, aligning with the country's aim to become an arts center in the region. If you possess abilities in the arts, including photography, dance, music, theatre, literature, or film, you can apply for Singapore PR online under the Foreign Artistic Talent Scheme. In order to be eligible for this scheme, you must have a well-recognised international reputation and be professionally trained. Additionally, you must have made significant contributions to Singapore's arts and cultural scene, including leadership roles in the local scene and plans for involvement in Singapore's arts and cultural sector. After the National Arts Council (NAC) receives all supporting materials, the outcome of the application will be informed to applicants within 3 months of NAC’s receipt of all supporting documents.
To sum up, the government of Singapore encourages the arrival of professionals and other foreigners who can contribute positively to the country's development and economy through a variety of means. There are a few types of permanent residence schemes in Singapore that will assist you in obtaining Singapore permanent residence based on your individual circumstances. When it comes to your Singapore Permanent Resident application, if you are unsure where to begin, the best thing to do is to consult our PR Application agency.
With Singapore Immigration Partners, our experienced consultants will guide you step-by-step through the application process by reviewing your profile thoroughly to ensure that you are applying for Singapore PR under the right scheme. Contact us today to find out what Singapore PR scheme is right for you.