The Permanent Residence is a premium visa solution that enables holders of employment visas, entrepreneurs and investors to live and work in Singapore indefinitely enjoying flexibility and freedom in pursuing career pinnacles as well as other pleasant perks such as decent and more affordable housing and healthcare, privileges of CPF fund, better education for kids, business freedom, and so on. Investors and holders of the EntrePass/PEP/EP/S Pass are eligible for PR; however, getting qualified will take each of them different periods of time and efforts.

 

Working on the most premium employment visa is pale in comparison with perks the permanent residence gives. If you don’t feel like leaving after having worked for a long time in SG and constant renewal procedures wear out you and your family, PR must be your ultimate destination.

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Eligibility Criteria and Requirements for Permanent Residence Visa
These are categories of people who can pretend to a right of becoming Singapore permanent residents: expats working on PEP, EP and S Pass, entrepreneurs working on EntrePass, investors, artists, spouses and children of permanent residents and Singapore citizens as well as elderly parents of the citizens. Different schemes imply specific requirements:

 

1. Getting PR through the working visa is the most popular way. Expats (PEP/EP/S Pass holders) are officially required to submit salary slips for a 6-month period they have worked in Singapore, but the “qualifying” period varies for different work visas: P1 (EP) and PEP holders have the shortest qualifying period (up to a year) while S Pass holders might need years of work history in Singapore for qualifying. The authorities don’t share the exact periods for each work pass, but our experience allows us to faultlessly assess your chances for PR, prepare the candidate’s employment profiles beforehand and strategize a timely PR application. The same refers to the holders of the Entrepreneur visa.

2. Investors and their families are granted the status of PR right after making the minimum investment of 2,500,000 SGD. This money infusion can be made in several destinations: a new or already operating business or a Global Investor Programme Fund.

3. Overseas artists seeking a permanent ground their talents are required to make an outstanding contribution to Singapore’s culture, boast remarkable mastery within their niche, be popular in their own country (or even worldwide) and have a vision how their talent helps to upgrade the local culture.

 

Features and Benefits of Singapore PR Visa

1. Permanency of this visa doesn’t refer to travelling abroad: if you plan to cross the border, you will need to get your re-entry permit extended every 5 years. This is needed for saving your PR status and being able to come back to Singapore as a resident after travelling.

2. PR status doesn’t put its holder on par with the Singapore citizens: only the latter hold a passport that gives them visa-free entry to more than 70 countries of the world.

3. Candidates for PR must submit their packages of documents during a special appointment with the ICA (Immigration and Checkpoints Authority).

4. PR processing lasts 6 months.

5. PR visa makes your employment easier and more flexible: you don’t require a work visa anymore and can swap companies at your own discretion. As there are no work visa limits, employers are more likely to consider your talents for a job position.

6. PR holders can get the same permanent status for their families and parents.

7. Permanent residents’ sons ought to join a military service when they are 18 years old.

8. Singapore PR can make contributions to the Central Provident Fund and get coverage for their needs in medical treatment, pension, education for children, buying properties and many others.

9. Expats living in Singapore on PR visa are allowed to buy HDB flats which are more affordable than private housing.

10. PRs and their children can get subsidies in governmental clinics and educational institutions.

11. PR means freedom in running a business.

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