For people who know where exactly Singapore is instead of incorrectly wondering which part of China we definitely do not belong to, you'll know that Singapore is a metropolitan country with a thriving and prosperous economy, along with first-world facilities and standards. Let's take a look at some of the benefits of Singaporean PR's and why you should consider it.
1. Convenience versus Work Pass
You can forget about all that stress and work pass renewal paperwork once you get your PR. PR allows you to enter and leave Singapore without other visas to work or travel.
Have a better job offer? Go for that interview as PR gives you more flexibility in changing jobs without having to reapply for work passes.
2. Enjoying the Privileges
Tired of renting a studio but can’t afford to buy private housing? As a PR, you get to purchase resales of subsidized housing (aka HDB flats), which are Singapore’s most affordable housing options.
Still facing budget problems? Fret not, because being PR allows you to apply and be given priority to take on housing loans and other various loans.
The government helps plan for your retirement too: PRs stand to enjoy the financial and tax benefits provided by Singapore’s Central Provident Fund (CPF).
Under the CPF scheme, you and your employer contribute a monthly minimum amount to your pension fund, which can be used for health care, home-ownership, family protection and growing your assets.
3. Exceptional Long-Term Living Environment
Miss your family? Include your spouse and unmarried children under the age of 21 in the PR application. PR also lets you apply for long-term visas for your parents.
School aged children will also gain priority, behind citizens, in enrollment into a school of your choice from Singapore’s stellar public education system.
Besides all the material, tangible benefits, Singapore’s multicultural population boasts a welcoming and receptive culture that you will find little trouble integrating into.
Need I mention Singapore’s low crime rates, incredible healthcare… Oh, and everybody’s favourite, impeccable food?
4. Great Country for Business
Singapore is THE place to grow your wealth. As a land with scarce resources, Singapore is committed to ensuring the growth and stability of its economy. MNCs choose to open their regional headquarters here given the low taxes, efficient workforce, minimal corruption and first world infrastructure.
Want to set up your own company? Apply for PR and free yourself of the regulations imposed on foreigners (Employment Pass holders cannot be the sole proprietor of a company).
5. Apply for Singapore Citizenship after 2-6 years
Perhaps after so long, you’ve found a sense of home in Singapore. PR is therefore essential for you to become a Singaporean.
What else is stopping you from applying for PR? As much as you can’t bear to leave Singapore, Singapore can’t bear to lose you too.
Co-written by Wong Jiayi & Sulochana Uthirapathi