Benefits Of Being A Singapore Permanent Resident

Here are the greatest benefits that people get when they become a permanent resident in Singapore. In fact, let me have you in on a little secret – Singapore’s permanent residency is even more popular than its citizenship by a mile. Many more people apply for Singapore PR application. Here are the reasons why!

Significantly lower Singapore property taxes for permanent residents

One of the biggest reasons people change from a mere long term visit pass or something similar and apply to become a Singapore permanent resident is to buy more types of property and real estate in Singapore, and at significantly lower tax rates – you can learn more about this here.

Since many foreigners like living in Singapore due to the geographical and political stability in our country, those who intend to settle down for the long term in Singapore want to purchase a property here in Singapore. While generally foreigners can buy certain properties in Singapore, most of these real estate are unavailable for foreigners and even then at a hefty property tax. However, just being a permanent resident, without even being a full Singaporean citizenship will get rid of most of these taxes for you, as well as allow you to be eligible to purchase most types of real estate in Singapore.

It offers similar benefits, but with more more flexibility than a Singaporean citizenship

When you acquire a Singapore permanent residence, you are still a citizen of whichever country you are still from. You get to benefit from 99% of the benefits that full Singaporean citizens get, but with the flexibility to give your PR status up if you ever wish to do so easily. On the other hand, if you decided to change your mind perhaps a decade or two in the future, you will not be able to renounce a Singaporean citizenship easily.

Singapore is a financial and political haven for many people

Many Chinese from places like Taiwan or especially Hong Kong love to get a permanent residence in Singapore. Due to many political rifts between Taiwan and China, as well as Hong Kong and China which has been ongoing for decades, and escalating in recent years, Singapore is a safe and neutral respite from all that. As a result of that, many people like to move their financial assets to Singapore, as well as live here. By being a permanent resident in Singapore, they can do so into perpetuity, and protect not only their lives, but their finances.

If you are tempted by what Singapore has to offer, then make sure to engage a Singapore PR application agency today to help you process your application!

Singapore PR Application Agency – Should You Use Them?

Is there any kind of benefit to using a Singapore PR application or immigration agency such as Dream or IASG or TIP? Is there a real value add by them to your PR application process or are they overhyped? Let us find out in this article.

If you already had your PR application rejected numerous time, consulting with an immigration agency is your best option. There is a good chance that if you are constantly getting rejected, and yet you have provided all the documentary proof that ICA requires from you, then it is just likely that your profile is not as well qualified as the other Singapore permanent resident applicants. If you keep appealing or applying without trying to drastically improve your profile in the meantime, you will not see any changes in results. Either work on improving your profile drastically, or seek advice from a professional immigration agent and proceed after that.

If you have a good income, great academic records, held grassroot leadership positions and more, then your chances of approval is really high. In such a case, your choice whether you should use external help depends on one main factor only – how much free time do you have? If you have lots of free time, then you should really just apply for permanent residence by yourself, as it should be relatively easy for you to get approved. However, if you are like most high flyers, you are probably busy. In this case, you can use an immigration agency to save you time. In such a situation, using them is not so much about improving your application, but about helping you save time.

Most people who benefit the most from using such external help are actually people who belong to one of the above groups – extremely busy people, and applicants who have been constantly rejected by the ICA already. If you belong to one of the above groups, you stand the most to benefit. For the rest, the choice is up to you.

How Long Does PR Application Processing Take In SG?

The correct answer will be it depends. However, speaking generally, the time frame for ICA to process PR applications on average in Singapore for PR applicants will be around four to six months from the time you submit your application. If you are confused about applying for permanent residence, you can get an immigration consulting agency to help you improve your Singapore permanent residency approval chances too. Do not waste unnecessary time waiting, as there is no guarantee that the faster or longer ICA takes to reply you is any indication of approval or not. Additionally, once you have gotten your own permanent residence status approved, you can also apply LTVP for your parents. So you want to get your Singapore permanent residence approved right from the start as fast as possible

There are several factors which can affect the length of this processing time for you.

First of all, the above time frame of four to six months for Singapore PR application processing time is actually for those who have submitted their documents perfectly, and are well qualified to get a permanent residency. In other words, this time frame is for those who were always going to get approved. It only requires this period of time due to massive amounts of PR applications that the Immigration Checkpoint Authority ICA of Singapore has to process yearly.

If you do not have document proof of one of more your claims in your permanent residence application, it will be likely delayed, and additionally, potentially even rejected. It is so important for you to be able, and to provide document and proof backing up the information that you input when you are applying. If you are unsure about what documents to prepare, then please read my experience applying for a Singapore PR here first. Get those documents ready before you apply.

ICA will be biased towards approving candidates who are clearly well qualified to be a Singapore permanent resident. For instance, if you have stellar academic record with prestigious universities, make great income and are perhaps even a grassroots leader or at least a volunteer, your PR status will likely get approved ahead of others, as there is no question about your application. However, if you are a weaker candidate due to your credentials, then it will very likely take longer than four to six months. Sometimes, it can take up to one to two years before you will hear back from ICA, and even then there is no guarantee it will be an approval. Therefore, it is so important to improve and work on the necessary from day one.

Experience Of Applying For A Singapore Permanent Residence

Many people ask about the processes about a Singapore PR application, and so in this video I will share with you exactly the process of doing it and then eventually getting approved by yourself. If you want to engage the help of immigration consultants, that is perfectly fine too and they can advise you.

Step number one is to make sure that you have at least an E pass or an S pass if you are intending to apply for a Singapore permanent residence using the Professionals/Technical Personnel and Skilled Workers scheme, otherwise known as PTS scheme. Since the PTS scheme is the most popular way for foreigners to apply for a Singapore PR, let us talk about it. Regardless of your educational or past employment elsewhere or in Singapore, if you are holding onto a work permit, you are ineligible to apply. Please do not apply if that is the case, and try to change to an E pass or S pass first. Even with an E pass, you are required to stay in Singapore for a minimum of 6 months prior before Singapore PR application. Once you become a Singapore permanent resident, then you can apply for LTVP Singapore for your immediate family members. For now, need not worry about that.

Once you have ensured that you already have at least an E pass or S pass, you should go online and register for a Singpass Account online. The reason is that you will need to log into your Singpass account for your PR application.

Next of all, you will be needing to contact the Human Resource or HR department at your company for both an Annex A Form and and Employer Letter.

After you have prepared all the required documents – you can use the ICA site for more information and referral, scan in the copies of every document that is required including birth certificate, national identity card, educational transcripts, previous 6 months of salary slips and ICA declaration forms, you are ready to go about your PR application. Something that some people may not expect is that you are also required to list down your residential addresses over the last 10 years. If you have been an expat your whole life and always travelling, and finally decided to settle down for good in Singapore as Singapore is the tech city of the future and also a great hybrid of East meets West, you may want to prep these on hand too.

Keep in mind that you want to set aside a few hours to fill in the details that ICA will require you to do so within the electronic application form. This can take you around 2 to 4 hours depending on how ready you are.

During your Singapore PR application, you will be filling in the electronic form, uploading the required documents, and then make a one time payment of $100. The estimated time required for an outcome to get back to you is roughly six to eight months long. Keep in mind this is just the results, it can be approved or rejected. If you do ever change a job while applying for PR, you will need to notify ICA. Keep in mind that if you are serious about getting your PR application approved, make very sure that your new job, if you so wish to pick it up, is significantly higher pay, and from a stable and prestigious company, or any potential firing, retrenchment or pay cut will potentially result in your PR application going to failure.


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