Singapore Permanent Residence – PR
Singapore population tipped at 5.31 million as of 2012, 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.
Permanent Residence SCHEME FOR Singapore Working Professional
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.
Permanent Resident SCHEME FOR CAPITAL INVESTORS
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.
Permanent Resident SCHEME for 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 NS. Male children who are granted PR status under their parents’ sponsorship are liable for NS under the Enlistment Act.
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.
Need Professional Assistance?
A meeting with an experienced immigration consultant may bring to light some areas of improvement to boost your chances of success. If you require a review of your supporting documents or some pragmatic tips before you make an application, please contact us at info@rikvin.com. We look forward to being of service to you.