The first step to becoming a Singapore Permanent Resident Application is to determine if you are eligible to make an application, which you can do through the Identification of Eligible Persons (IEP). If you apply and get approved through the IEP, this means that the government has determined that you are able to contribute to Singapore’s economy and society and that it would not be detrimental to allow you permanent residence in Singapore. After getting approved through the IEP, your next step would be applying for your SPR status by completing the actual SPR application form.
Who can apply as a PR?
The Singaporean government has indicated that foreigners who can apply for permanent residency are those with:
• a working knowledge of English, or any other official language in Singapore
• a personal net worth of at least S$2 million, or assets under management of at least S$5 million
• an annual income of not less than S$120,000 from sources within Singapore for the past three consecutive years . (Singapore Permanent Resident Application)
• Singapore PRs have unlimited access to travel visa-free to 137 countries across the world.
• Foreigners applying for Singapore PR must be over 21 years old.
PR sponsorship by employer
If you are a Singapore PR, you must renew your passport every five years. If you are on a work visa, it is mandatory for employers to sponsor your application for PR status. For more information about the process and what you need to know, see our blog post The Singapore Permanent Resident Application.
To make an application for permanent residence in Singapore , first you have to meet certain criteria which includes at least one of these factors:
1) Holding professional qualifications,
2) Earning a fixed monthly income of at least S$12,000 (or S$10,000 per month if applying from overseas)
3) Having held employment with the same employer for at least 2 consecutive years without a break. Employer-sponsorship allows you to make multiple applications; your current employer can apply up until 12 months after they stop employing you regardless of whether or not they employed you full-time during that time period.
Self-sponsorship under PIP (points based system)
The Singapore Permanent Resident Application government has introduced a points-based system for its immigration program, called the PIP (Points-based Immigration Program) which consists of two stages. Stage one is the points test, where you need to score a minimum of 30 points in order for your application to be considered for stage two. If you are successful in stage one then you will be invited for an interview with the Ministry of Manpower.
In this interview you will be asked about your work experience, qualifications, proficiency in English and any other information that may affect your eligibility. You will also need to provide supporting documents such as bank statements or letters from previous employers. It is important to note that for stage 2 there are no guarantees you will get approved for permanent residency; however it is still worth going through the process if eligible.
Some ways to earn points under the Points System:
• Work Experience: Employment history with 3 years of full time work experience could net you at least 12 points. However, these points depend on whether or not your employment satisfies certain criteria such as having obtained an engineering degree and/or working in a skill shortage profession like healthcare professionals and engineers.
• Education Qualifications: Holding a master’s degree could net you 4-6 points while bachelor’s degrees can give you up to 4points depending on the field of study pursued.
Income Requirement & Additional Requirements
The Singapore Permanent Resident Application process is fairly straightforward. Singapore immigration requires that you make a certain amount of money each year, but the amount varies depending on your household size. Applicants must also meet one of these criteria:
-Be a skilled worker in demand in Singapore.
-Own or have control of at least S$800,000 worth of assets.
-Have skills or expertise that are in short supply in Singapore and offer significant contribution to the economy or society. -Possess a Right of Abode certificate from another country (a right given by law for immigrants to live permanently in another country)
-Hold a high level professional qualification from a recognized institution (e.g., MBA, doctorate degree)
-Provide an employment pass or an entry permit with specific conditions attached such as being self-employed and earning at least S$20,000 per annum for three consecutive years
-Bring in new foreign direct investment totaling at least US$2 million annually for three consecutive years
PR Permanent Residency Entitlements
A Singapore PR can enjoy a number of benefits, including better education for their children, tax exemptions and access to government-subsidised healthcare. A Singapore PR is also allowed the right to own property in the country, but they are not allowed to vote in elections. Singapore Permanent Resident Application forms are available from the Immigration & Checkpoints Authority website, which will require a Singapore ID card or passport as well as two passport-sized photos. These forms can be completed in English, Chinese or Malay. The process for a Singapore permanent resident application takes up about three months on average with no guarantee of success.