5 Ways to Become a Singapore Permanent Resident (PR)

Obtaining Permanent Residency (PR) status offers numerous benefits, including easier travel in/out of Singapore, access to cheaper but highly regarded top-tier local educational institutions, and the freedom to live and work freely in Singapore and much reduced stamp duties when purchasing residential property. Here are five main pathways you can consider:

1. Employment Routes:

Professionals, Technical Personnel & Skilled Workers Scheme (PTS): This popular option is suitable for professionals with a valid work pass in Singapore. These work passes include Employment Pass (EP), S Pass, EntrePass (Entrepreneurship Pass), Personalised Employment Pass (PEP), and Overseas Networks & Expertise Pass (ONE Pass). You must have held the pass for at least six months and possess strong qualifications, potentially with a good salary, to increase your chances of success.

2. Family Ties:

Sponsored Scheme: This route allows Singapore Citizens (SCs) or existing PRs to sponsor their legally married spouse, unmarried or adopted children (under 21 years old), or aged parent(s) of a Singapore citizen for PR. This is a great way to reunite with family and build a life together in Singapore.

3. Education Pathway:

Students studying in Singapore that have passed at least one national exam (i.e. PSLE, GCE 'N'/'O'/'A' levels), or are in the Integrated Programme (IP) can also apply for Singapore PR.

4. Talent Attraction Schemes:

The Foreign Artistic Talent Scheme (ForArts) is designed for established foreign artists who have significantly contributed to Singapore's vibrant art scene. This program is open to renowned artists, sculptors, musicians, dancers, filmmakers, and literary figures with notable achievements. While jointly administered by the Singapore Immigration & Checkpoints Authority (ICA) and the National Arts Council (NAC), the ICA remains the final authority on all PR applications. ForArts focuses on professional experience, achievements, and a commitment to advancing the arts and cultural landscape in Singapore.

Eligibility Criteria for ForArts:

• Relevant training and education in your artistic field.

• Professional experience and outstanding achievements in Performing Arts, Visual Arts, Literary Arts, Design, or Media.

• A strong track record of contributions to Singapore’s arts and cultural scene, including leadership-level engagements.

• Concrete future plans to be actively involved in Singapore’s arts and cultural sector.

• Demonstrated ability to play a critical role in advancing local arts and culture, with good character and the capacity to serve as a role model.

ForArts prioritizes applicants who have a proven record of engaging with the local public and arts community, distinguishing it from direct applications to the ICA, where such specific criteria are not emphasized. This scheme offers a unique pathway to PR for those committed to enriching Singapore's cultural landscape.

5. Investment Pathway:

Global Investor Programme (GIP): This is the fastest route to PR, but with the rapid influx of wealthy families in recent years the investment requirement has increased significantly. Here's a breakdown of the current investment options as of July 2024:

• Option A: Invest a minimum of S$10 million (Singapore Dollars) in a new business entity or the expansion of an existing business operation in Singapore. This investment must be in an approved business sector as determined by the Singapore government. Additionally, the applicant must have at least 30% shareholding in the company and must be part of the management team either at the C-suite or Board of Directors level.

• Option B: Invest S$25 million in a GIP-approved fund that also invests in Singapore-based companies. These funds are carefully selected by the Singapore government to ensure they contribute to the growth of the Singaporean economy. (Source: Singapore Economic Development Board (EDB))

• Option C: Establish a Singapore-based Single-Family Office with Assets-Under-Management (AUM) of at least S$200 million. Out of this, a minimum of S$50 million must be actively deployed in one or more of the following approved investment categories below. Additionally, detailed 5 year business plan with projected employment and annual financial projections are required.

o Equities, Real Estate Investment Trusts (REITs), Business trusts listed on Singapore-approved exchanges.

o Qualifying debt securities: These are bonds or other debt instruments issued by governments or corporations, and listed on the Monetary Authority of Singapore's (MAS) enquiry system. MAS is the central bank of Singapore.

o Funds distributed by Singapore-licensed/registered managers or financial institutions: These are investment funds managed by professionals in Singapore.

o Private equity investments in non-listed, Singapore-based operating companies: Investments in companies that are not publicly traded but are actively engaged in business operations in Singapore.

Additional Considerations for GIP Applicants:

Beyond the minimum investment amounts, the GIP program has additional requirements depending on your applicant category:

1. Established Business Owners: The applicant must have a strong track record of managing a successful business of at least 3 years and a clear plan for your Singapore venture are crucial.

2. Next Generation Business Owners: The applicant’s immediate family should have at least 30% shareholding or is the largest shareholder in the company used in the application.

3. Founders of Fast Growth Companies: The applicant must be a founder and one of the largest individual shareholders of a non-publicly listed company with a valuation of at least S$500 million and have investors from a reputable Venture Capital or Private Equity firms.

4. Family Office Principals: The applicant must have at least 5 years experience as an entrepreneur, investor or manager, and have investible assets of at least S$200 million.

Ready to Start Your Journey to Singapore PR?

Navigating the pathways to Singapore Permanent Residency can be complex, but you don't have to do it alone. At E&H Immigration Consultancy, we specialize in guiding clients through the intricacies of the PR application process. Whether you're applying through employment, family ties, education, talent, or investment, our experienced consultants are here to help you every step of the way. E&H Immigration provide expert citizenship immigration services Singapore.

Why Choose E&H Immigration Consultancy?

• Expert guidance tailored to your unique profile

• Comprehensive support, from document preparation to application submission

• In-depth knowledge of the latest immigration policies and criteria

Take the Next Step Today! Visit our website at www.eh-immigration.com to learn more about our PR application agency Singapore and schedule a consultation. Let us help you unlock your Singapore dream and make your PR application a success.

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