Singapore PR Application

Singapore is a thriving economic hub with a strong job market and numerous business prospects. As a Permanent resident in Singapore, PR individuals can enjoy better job prospects, higher earning potential, and access to a robust economy.

Embarking on the path to permanent residency in Singapore can be an exciting yet challenging experience for many, especially if you are unfamiliar with the intricacies of the application process.

If you are considering application, it is important to know the Singapore permanent resident requirements as well as the various schemes that you can apply under, based on your specific status and situation. The Singapore government offers various PR schemes tailored to cater to the diverse needs of individuals, such as the Professionals/Technical Personnel and Skilled Workers Scheme (PTS Scheme), Global Investor Program (GIP) etc.

Marking the right decision on how to go about your application can be daunting. Here’s some useful information for your easy reference and of course, feel free to get in touch with us if you need any help.

Pros & Cons of becoming a Permanent Resident (PR)

There are multiple benefits of being a permanent resident in Singapore as well as know some of the disadvantages in an easy reference table below

Pros

Travel Without Needing to Apply for Visas

You will no longer require to apply for entry visa when going in and out of Singapore.

More Job Opportunities

You won’t need a work permit to be hired by local or international companies.

Financial and Tax Benefits

PRs are also eligible for subsidized healthcare in Singapore Government facilities Under the CPF scheme, you and your employer contribute a monthly minimum amount to your pension fund, which can be used for purposes related to health care, home-ownership, family protection, and growing your assets.

Real estate and housing

Singapore PR holders are also eligible to buy second-hand units of government HDB flats (only citizens can purchase new ones).

You are also in a higher priority to borrow various loans, such as housing loans to purchase property.

Include Your Spouse and Children in PR Application

Children under 21 and spouses can be included in your PR application.

Apply Long Term Visit Pass For Parents

PRs can also apply for a Long Term Visit Pass for their parents

Education

PRs can enroll their children in Singapore’s public schools. Singapore education system offers excellent standards and as a PR, you can make the most of it.

Cons

Require to contribute to Central Provident Fund (CPF)

A percentage of your salary will be deducted into your CPF account – reduced take-home pay.

CPF money is locked in

CPF funds can only be withdrawn in a lump sum after renouncing PR.

National Service Liability

Second-generation PRs (young sons) must register for NS upon turning 16 ½ years old.

HDB Purchase Restrictions: PRs with private or overseas property are not eligible to purchase resale HDB flats

You also must not have disposed of any private residential properties at least 30 months before your HFE letter application.

Permanent Residency is not “Permanent”

Every PR successful application comes with a 5-year Re-Entry Permit (REP), which has to be renewed.

Who is Eligible to Apply? What are the Benefits of PR? What are the Obligations?

I am a Work Pass Holder (EP, S Pass, PEP, etc.)

To qualify for Singapore PR, you must fall under one of the specific categories below. Click on your profile type to see the requirements:

I am the Spouse or Child of a Singapore Citizen/PR

You are eligible to apply if you have direct family ties to a Singapore Citizen (SC) or Permanent Resident (PR):

Spouse: You must be legally married to a Singapore Citizen or PR.
Child: You must be unmarried and below 21 years old. You must be born within the context of a legal marriage to, or have been legally adopted by, a Singapore Citizen or PR.

I am an Aged Parent of a Singapore Citizen

You are eligible to apply if your child is a Singapore Citizen (SC).

You must be the biological parent of a Singapore Citizen aged above 21 years old.
OR: You must be the legally adoptive parent of a Singapore Citizen aged above 21 years old.
Note: Parents of Permanent Residents (who are not Citizens) are generally not eligible for PR sponsorship, but may apply for LTVP.

I am a Foreign Student studying in Singapore

Foreign students may apply for PR if they have resided in Singapore for more than two years at the point of application and meet one of the following criteria:

Have passed at least one national exam (i.e., PSLE or GCE ‘N’/’O’/’A’ levels).
OR: Are currently enrolled in the Integrated Programme (IP).

I am a Foreign Artistic Talent

You may apply if you have significant recognition in the arts scene:

You have received relevant training/education and professional experience in your field of practice.
You have outstanding achievements in performing arts, visual arts, literary arts, design, or media.
You have made significant contributions to Singapore’s arts and cultural scheme.
You have concrete plans to advance in Singapore’s arts and cultural sector.

I am a Foreign Investor (GIP Scheme)

Under the Global Investor Programme (GIP), you may apply for PR if you meet one of the following investment options:

Option A: Invest $$10 million in a new business entity or in the expansion of an existing business operation in Singapore.
Option B: Invest $$25 million in a GIP-select fund that invests in Singapore-based companies.
Option C: Invest S$50 million in a new or existing Singapore-based single-family office having Assets- Under-Management (AUM) of at least S$200 million.