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Overview of Singapore Permanent Residence Schemes
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With our extensive experience, we can assist in determining the best Permanent Residence solution for you instantly, resulting in faster processing time. Start by choosing your PR requirement from the dropdown options.
Please note: We do not provide recruitment and job placement services.
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Rikvin consultants provide the most extensive set of options for relocating to Singapore, the best advice on the most suitable Permanent Residence scheme for you.
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Singapore population tipped at 5.18 million as of July 2011, and approximately 10% of the population are permanent residents. In 2010, almost 50,000 foreigners were granted permanent resident status and the numbers are increasing. The sophisticated infrastructure, education, safety and healthcare are the top reasons why these new permanent residents choose to make Singapore their home.
Singapore has been keeping an open door immigration policy to attract foreign talent and to maintain a healthy population growth. The driving factor has always been an economic one. The low birth rate and the need to improve human capital in Singapore have been the two main impetuses that led to the escalation in Singapore’s population growth in the last two decades. Foreign talent is an invaluable asset to a competitive economy. Singapore has made a concerted effort in courting and retaining foreign talent through various schemes including the benefit of permanent residence status. There are three Main Singapore Permanent Resident Schemes for foreign professionals and investors who are keen to immigrate to Singapore.
Singapore Permanent Resident SCHEME FOR INDIVIDUALS WORKING IN SINGAPORE
I. Professional, Technical Personnel and Skilled Worker Scheme (PTS Scheme)
The most popular scheme for permanent residence in Singapore is the Professional, Technical Personnel and Skilled Worker scheme (PTS Scheme). The scheme enables foreign professionals working in Singapore under an Employment Pass, Entrepreneur Pass or EntrePass and Skilled Worker Pass or S Pass to apply for permanent residence.
Singapore Permanent Resident SCHEME FOR CAPITAL INVESTORS
II. Global Investor Program Scheme (GIP Scheme)
The Global Investor Program is an initiative launched by Singapore Economic Development Board and Ministry of Manpower. It is a program for foreign individuals and entrepreneurs who are keen to invest in or initiate new business activities in Singapore, and in the process, obtain Singapore permanent residence. Spouses and children of these investors are also eligible for Singapore permanent residence.
III. Foreign Artistic Talent Scheme (FA Scheme)
The Foreign Artistic Talent Scheme is a joint program of the National Arts Council and the Immigration and Checkpoints Authority of Singapore to attract foreign artists with outstanding track records in dance, music, theatre, literary arts, visual arts to immigrate to Singapore. This scheme includes technical professionals in related arts but excludes the entertainment, journalism, broadcasting, and film industries. These artists should have had at least 3 years formal training and at least 6 years active work. The successful applicants will enjoy the same benefits like NAC grants and awards as Singaporean artists, and will be required to take up full employment in Singapore for the grant of full PR status.
National Service Liability
Note: Main applicants who are granted Permanent Residency status under the Professionals/Technical Personnel and Skilled Workers (PTS) Scheme or the Investor Scheme are exempted from national service (NS). Male children who are granted PR status under their parents’ sponsorship are liable for NS under the Enlistment Act.
First generation PRs who are able to contribute to Singapore economically immediately upon being granted the PR status are administratively exempted from NS.
Second generation PRs, who are sponsored by their parents for the PR status and those granted the PR status at a young age based on their potential to contribute to Singapore in the future are required to serve NS and will be enlisted after the age of 18.
NS-liable PRs are expected to serve NS. Renouncing or losing one’s PR status without serving or completing full-time NS would have an adverse impact on any immediate or future applications to work or study in Singapore, or for Singapore citizenship or PR status.
Males who are granted Singapore PR, and who were previously Singapore Citizens or Singapore Permanent Residents, are liable to be called up for NS regardless of the type of PR status they have been granted.
Singapore Professional, Technical Personnel and Skilled Workers Scheme (PTS Scheme)
Singapore immigration policies are becoming more stringent. Knowing how to apply for a Singapore PR is therefore crucial to a successful outcome.
Rikvin has been providing professional immigration services since 1998.
You can leave your concerns to rest and trust our specialists to provide a thorough assessment of all factors of your application and ensure that it meets the current standards of review.
Our reliable guidance and high success rate come with years of experience and continually staying abreast with Singapore’s immigration regulatory updates.
In the event that your application is rejected by the authority, our specialists will establish a firm appeal in defence of your position.
Rikvin is committed to putting your best case forward in every application or appeal.
The Professional, Technical Personnel and Skilled Workers scheme (PTS Scheme) is provided by Singapore for any foreign individual working in Singapore on a P, Q or S Singapore work pass to have the opportunity to become a permanent resident of Singapore. The PTS scheme is the most preferred route to attaining the Singapore PR. It is estimated that more than 95% of the foreign workers obtain their Singapore Permanent Residence through PTS scheme.
Through the PTS scheme, the work pass holder, his spouse and children aged under 21 years are eligible for the Singapore Permanent Residence (PR) status. Male dependants will then be liable for Singapore National Service. Unmarried children who are over 21 years old do not qualify for Singapore PR but are eligible to apply for the renewable Long Term Visit Pass, subject to the work pass holder’s re-entry permit validity.
As of 1 January 2011, parents and parents-in-law are no longer eligible for PR status. Instead, they can apply for a renewable Long Term Visit Pass (LTVP), which is valid for up to 5 years.
Eligibility Criteria
- Age – Although there are exceptions based on certain circumstances, you should preferably be under 50 years old.
- Current professional vocation and employment history are vital, and you must currently hold a P, Q or S Singapore Employment Pass.
- Your current employer’s credentials play a part.
- Educational certifications and qualifications – Preference is given to those who have graduated from highly reputable academic institutions.
- Your current salary and overall financial status.
- Duration of stay and employment in Singapore – The longer you stay with employment, the better your chances are for approval.
- It is considered a plus factor if you have family ties in Singapore.
- Your personal interests and contributions to the Singapore community.
It is recommended to wait for at least twelve months after you have started working in Singapore before applying for permanent residence with Immigration and Checkpoints Authority of Singapore (ICA).
If you qualify for the PTS scheme based on the criteria listed above, please email us at info@rikvin.com your resume for a quick evaluation. Upon evaluation, we will advise you on the next steps of the PTS application process.
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Interested to be a Permanent Resident of Singapore?
Global Investor Programme (GIP) is launched for investors who are interested in investing in Singapore-based firms and start-ups. Through this programme, investors along with their spouses and children who are below 21 years of age are eligible for Singapore Permanent Residence (PR) status. Male dependants under the age of 21 years will be liable for Singapore National Service. The investor’s parents and unmarried children who are over 21 years of age do not qualify for Singapore PR are eligible to apply for the renewable five-year Long Term Visit Pass, subject to the investor’s re-entry permit validity.
GIP offers two investment options:
Option A: Invest at least S$2.5 million in a new business entity or expansion of an existing business operation.
Option B: Invest at least S$2.5 million in a GIP-approved fund that invests in Singapore-based companies.
Eligibility Criteria
You are eligible to apply if you have:
- at least 3 years of business track record AND successful entrepreneurial background* and meet one of the following:
- If your firm is in the real estate or construction-related industry: its turnover must be at least S$200 million in the most recent year, and at least S$200 million per annum on average for the last 3 years;
- If your company is in other sectors, your company’s turnover must be at least S$50 million in the most recent year, and at least S$50 million per annum on average for the last 3 years**.
- If your company is privately-owned, you should have at least 30% shareholding in the company. Your role in the company, as well as the growth and profitability of your company would be taken into consideration.
*You must produce audited financial statements of your company for the last 3 years.
**You should submit the financial statements of your company with the highest turnover. You may also consolidate your businesses to meet the minimum turnover criteria.
If you qualify for the GIP based on the above information, please email us your profile at info@rikvin.com along with your company’s Profit & Loss statement for the past three years for a quick evaluation.
Upon evaluation, we will contact you on the necessary GIP application proceedings.
