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 | Cons |
| Travel Without Needing to Apply for Visas You will no longer require to apply for entry visa when going in and out of Singapore |
Require to contribute to Central Provident Fund (CPF) This means that a certain percentage of your monthly salary will be deducted into your CPF account (employees’ contribution) – Reduced take home pay. |
More Job Opportunities As a PR, when hired in a local or international companies in Singapore, you will no longer need work permit hence putting you in the same level playing field like other Singapore citizen |
CPF money is locked in CPF savings can only be withdrawn in a lump sum only once your Permanent Residency of Singapore is denounced. |
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. |
National Service Liability Second generation PRs – young sons are required to register for Singapore’s military service (national service) upon turning 16 ½ years old. |
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. |
HDB Purchase Restrictions: PRs with private or overseas property is not eligible to purchase resale HDB flat You also must not have disposed of any private residential properties at least 30 months before your HFE letter application. |
Include Your Spouse and Children in PR Application Children under 21 and spouses can be included in your PR application |
Permanent Residency is not “Permanent” Every PR successful application comes with a 5 years Re-Entry Permit (REP), this has to be renewed. |
| Apply Long Term Visit Pass For Parents PRs can also apply for a Long Term Visit Pass for their parents |
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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. |