{"id":114,"date":"2019-04-10T07:44:00","date_gmt":"2019-04-10T07:44:00","guid":{"rendered":"https:\/\/acrabiz.com\/offshore\/2019\/04\/21\/oin-swedish-popstars-icona-pop-on-gotland\/"},"modified":"2020-07-21T04:59:34","modified_gmt":"2020-07-21T04:59:34","slug":"how-to-become-a-singapore-permanent-resident","status":"publish","type":"post","link":"https:\/\/acrabiz.com\/offshore\/how-to-become-a-singapore-permanent-resident\/","title":{"rendered":"How to become a Singapore Permanent Resident"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\"><b>How to become a Singapore Permanent Resident?<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Singapore is a vibrant and multicultural megapolis that attracts people from all over the world. As they come and witness the life in Lion City, some decide to stay here forever. Of course, there are legal procedures for that. One of them is getting a Permanent Resident (PR) status.&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Singapore PR status allows you to:<\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li2\"><span class=\"s1\">Eventually, apply for a citizenship and enjoy the same rights as locally-born Singaporeans;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Enter and leave the country without applying for visas;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Change jobs freely without reapplying for work permits;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Sponsor your immediate family members (spouse and unmarried children under 21) for PR application;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Apply for long-term visit passes for your parents;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Enjoy subsidised fees for enrolling your children to governmental preschools and schools;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Reap the financial and tax benefits provided by the government.<\/span><\/li>\n<\/ul>\n<p class=\"p3\"><span class=\"s3\"><b>How to obtain a Singapore PR status? <\/b><\/span><span class=\"s1\"><b>(link to this service on ACRABIZ website)<\/b><\/span><span class=\"s1\"><b>&nbsp;<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">According to the Immigration and Checkpoint Authority (ICA), you are eligible to apply for permanent residence if you are a\/an:<\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li2\"><span class=\"s1\">Spouse of a Singapore citizen or Singapore permanent resident;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Unmarried child aged below 21 born within the context of legal marriage to, or have been legally adopted by, a Singapore citizen or Singapore permanent resident;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Aged parent of a Singapore citizen;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Holder of an Employment Pass (EP), Entrepreneur Pass (EntrePass) or S Pass;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Student studying in Singapore;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Foreign investor in Singapore.<\/span><\/li>\n<\/ul>\n<p class=\"p1\"><span class=\"s1\">ACRABIZ can make you closer to obtaining PR with our EP application service or Global Investor Programme support package.&nbsp;<\/span><span class=\"s1\">&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>Getting a PR status for EP and EntrePass holders<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Permanent Residence application for individuals holding Employment or Entrepreneur Pass is the most commonly used PR scheme.<\/span><span class=\"s1\">&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The question you properly have in your mind is \u00abwhen can I apply for my Singapore PR after obtaining the work pass\u00bb? In theory, you can apply the day you start working in Singapore as a work pass holder. Although, you\u2019d have to attach the six months\u2019 payslip from your local employee. Therefore, to apply, you need to work in the country at least for six months.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Except for the six months\u2019 payslip, you need to provide following documents: your passport, EP cards, birth certificate, educational certificates, testimonials from previous employees, as well as a letter from a current employee, stating the date of employment, the position held, salary per month for the past six months with a breakdown into basic, overtime and allowance per month. If you are married and have children, you are also required to attach all certificates and documents for your spouse and kids. EntrePass holders need to add a valid business registration certificate and occupational license pertaining to your employment.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Multiple factors can affect the outcome of a PR application, such as your education and professional background, the duration of stay in Singapore, financial status, charitable contributions to society, legal record.&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">After collecting necessary documents and filling the form on the ICA website comes the most nervous part, which is waiting for an outcome. Try to sit back and relax. The result usually arrives within 6 to 12 months.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>Getting a PR status through a Global Investment Programme <\/b><\/span><span class=\"s4\"><b>(link to this service on ACRABIZ website)<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">To attract foreign investors to the island Singapore government introduced the Global Investor Programme (GIP). It allows you to get Singapore PR status through an investment to one of the GIP approved business sectors.&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The eligibility criteria for GIP applicants is as follows:<\/span><\/p>\n<ol class=\"ol1\">\n<li class=\"li2\"><span class=\"s1\">You must invest a minimum amount of S$2.5 million either directly in a Singapore company, in a GIP fund that invests in Singapore companies or a Singapore-based single-family office having Assets-Under-Management (AUM) of at least S$200 million (Option A, B and C explained below).<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">You must possess at least three years of entrepreneurial and business track record;&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">You should currently be running a company with an annual turnover of at least S$200 million in the year immediately preceding your application, and at least S$200 million per annum on average for the three years immediately preceding your application;&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">If your company is privately-held, you should have at least 30% shareholding in the company;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Your company must be engaged in one or more of the industries approved under GIP (listed below).<\/span><\/li>\n<\/ol>\n<p class=\"p1\"><span class=\"s1\">Singapore Economic Development Boards (EDB) defines the following investment options:<br \/>\n<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Option A: Invest at least S$2.5 million in a new business start-up or expansion of an existing business operation.&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">You are required to submit a detailed 5-year business or investment plan with projected employment, expenditure and financial projections that will incur in the company. It will be assessed based on its feasibility, your role in growing the company, the business activities and providing workplaces for locals;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Option B: Invest at least S$2.5 million in a GIP-approved fund that invests in Singapore-based companies.&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">You will be assessed based on future business or investment plans in Singapore. It includes specific details on proposed business activities, amount of investment, creation of local jobs.<br \/>\n<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Option C: Invest S$2.5 million in a new or existing Singapore-based single-family office having Assets-Under-Management (AUM) of at least S$200 million.&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">You must submit a detailed 5-year business plan with projected employment and annual financial projections. The business plan will be assessed based on your role in your single-family office, the functions of your family office, your proposed investment sectors, asset types and geographical focus.&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">GIP approved industries:<\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li2\"><span class=\"s1\">Aerospace Engineering<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Alternative Energy\/ Clean Technology&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Automotive&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Chemicals&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Consumer Business (e.g. flavours and fragrances, food ingredients, nutrition, home and personal care)&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Electronics&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Energy&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Engineering Services&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Healthcare&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Infocomm Products &amp; Services&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Logistics &amp; Supply Chain Management&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Marine &amp; Offshore Engineering&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Media &amp; Entertainment&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Medical Technology&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Nanotechnology&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Natural Resources (e.g. metals, mining, agri-commodities)&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Safety &amp; Security&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Space&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Shipping&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Pharmaceuticals &amp; Biotechnology&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Precision Engineering&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Professional Services, e.g. consulting, design.&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Arts Businesses: visual arts businesses, e.g. auction houses, art logistics\/storage and performing arts businesses&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Sports Businesses&nbsp;<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Family Office &amp; Financial Services&nbsp;<\/span><\/li>\n<\/ul>\n<p class=\"p1\"><span class=\"s1\">It will take approximately 9-12 months for a GIP Application to be processed. After the approval of your investment project, you should formalise PR status within 12 months.<br \/>\n<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Applying for Singapore PR status is a serious decision in your life which makes you one step closer to obtaining one of the world\u2019s strongest citizenships. It also gives you and your family access to better opportunities and social policy standards. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to become a Singapore Permanent Resident? Singapore is a vibrant and multicultural megapolis that attracts people from all over the world. As they come and witness the life in Lion City, some decide to stay here forever. Of course, there are legal procedures for that. One of them is getting a Permanent Resident (PR) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[6],"_links":{"self":[{"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/posts\/114"}],"collection":[{"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/comments?post=114"}],"version-history":[{"count":4,"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/posts\/114\/revisions"}],"predecessor-version":[{"id":1459,"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/posts\/114\/revisions\/1459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/media\/1457"}],"wp:attachment":[{"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/media?parent=114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/categories?post=114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/tags?post=114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}