Becoming a Singapore permanent resident is highly sought after, considering this island nation is one of the most developed and secure cities in the world. But merely because you want to apply PR Sg, it doesn’t imply you should go about it blindly. You need to be fully aware of the stakes involved prior to deciding on anything.
The best thing about becoming a Singapore Permanent Resident is that it allows you to live, work, and travel to and from Singapore without visa restrictions. Not to mention, Permanent Residents don’t need to acquire new work visas, such as an EP.
You will also receive CPF (Central Provident Fund) contributions from your employer once you successfully apply PR Sg. Remember, PR status gives you the choice to acquire Singapore Citizenship in the future, which is one of the few ways to obtain a Singapore passport (one of the world’s most powerful passports).
Either way, you need to know that Permanent Residency in Singapore is categorized into 3 different schemes. The most common route to get PR is through the Professionals/Technical Personnel and Skilled Worker Scheme (PTS). The other two are through the Global Investor Programme (GIP) and the Foreign Artistic Scheme.
To be eligible for the Professionals/Technical Personnel and Skilled Worker Scheme (PTS) scheme, applicants must posses at least two years of continuous employment in the country and hold either an Employment Pass or EntrePass. Moreover, applicants need to meet other criteria, such as being under 40 years old if applying through the Professionals/Technical Personnel and Skilled Worker Scheme.
When it comes to Singapore’s Global Investor Programme (GIP), it offers Singapore foreign investors with an unparalleled chance to apply PRSg by making an initial investment of 2.5 million Singapore Dollars in a new or existing businesses entity or approved funds within 6 months of getting approval in principle.
Singapore’s Foreign Artistic Talent (ForArts) Scheme offers Singapore Permanent Residents (PRs) the ability to pursue and hold Singapore citizenship. Well, this is merely a way for foreign nationals who have achieved excellence in their field of artistic practice to stay in Singapore with PR status.
To be granted Singapore PR through the PR scheme for Foreign Artistic Talent programme, applicants must show proof of recognition as an artist in their own country, with international experience or qualifications before both ICA and NAC consider their request.
