Living in Singapore does have its perks and there are many people who want to come to Singapore and apply for Singapore permanent residency and even eventually obtain Singapore citizenship.
Singapore has very low taxes, it is one of the safest places to live in the world, it is a country with a very high quality of life with sunny weather all year round, it has excellent medical and health care and is one of the easiest places to do business.
Here are some of the factors the relevant authorities will look at when it comes to approving someones Singapore permanent resident (PR) application.
- Age: Younger candidates stand a better chance
- Education level: More educated candidates stand a better chance
- Industry: Applicants from industries that Singapore is trying to expand will stand a better chance.
- Time spent in Singapore: Whether the applicant has been living and working in Singapore
- Ability to assimilate into the Singapore society
- Whether the applicant is applying as a family
- Ability to contribute to Singapore’s economy especially in jobs creation for Singapore residents
If you are thinking of starting a company in Singapore with the eventual goal of working and living in Singapore with the intention of getting a Singapore PR, that is one of the contributing factors. Your company should be in one of the desired industries and also create jobs within Singapore. This will put you in a better position when you eventually apply for a Singapore PR. Before you apply for a Singapore PR, you should be already living and working in Singapore and to do so as a foreigner, you will need an Employment Pass (EP).
Our firm does hold an employment agency licence and we can assist in the Employment Pass or EP application. We will also assist clients who are looking to apply to become a Singapore PR.
When in doubt, seek legal advice or consult an experienced ACRA Filing Agent.
Yours Sincerely,
The editorial team at Singapore Secretary Services
For more useful articles and videos, visit the Singapore Secretary Services resource page.
If you would like to submit a question or would like us to do an article on certain topics, please email us at [email protected].
Other related posts:
Why is Singapore a good place for foreigners to start a company
The benefits of setting up an Investment Holding Company in Singapore.
Singapore PR scheme for individuals working in Singapore
Steps to incorporate a Singapore Company
Why Singapore is a good place to start a business
Common Tax Reliefs that will help to reduce the tax bill for New Start-Up Companies
How to set up a Singapore company. A guide for foreigners.
Requirements for Foreigners to Set Up a Company in Singapore
How can foreigners start a business in Singapore?
For work pass applications, please visit https://singaporeemploymentagency.com/
For information on living and migrating to Singapore, please visit https://singaporeimmigrationguide.com/
[…] indefinitely in a country where they are not a citizen but hold the status of a legal resident. Permanent residency status typically affords individuals many of the same rights and privileges as citizens, such as […]