Benefits of Singapore Permanent Residence
- Path to Singapore Citizenship
- Subsidised Health Care
- Ease of access to jobs without the need for a work pass subject to stringent criteria
- Ease of gaining entry into Singapore schools for children and reduced school fees
- Central Provident Fund Contributions by Employer
- Tax Reliefs
- Pay lower stamp duty to purchase Singapore Proverty
Who is Eligible
Types of PR Schemes
Professional, Technical Personnel and Skilled Workers (PTS) Scheme
- Who is eligible?: Foreign individuals already working in Singapore on an Employment Pass (EP), S Pass, Personalised Employment Pass (PEP), Entrepreneur Pass or Overseas Networks & Expertise Pass (ONE) are eligible to apply for Singapore Permanent Residence
- Who else can be included in the application? Applicants can include their spouse, and unmarried children below 21 years of age (who were born within a legal marriage or have been legally adopted)
- Documents required: Various documents need to be submitted as part of the PR application. Please reach out to us for a comprehensive list of forms and documents that are required. As one of the items on the documents list is pay slips of the applicant for the last 6 months, an applicant should generally have worked in Singapore for at least 6 months before applying for permanent residence
- Factors the authorities will consider: The authorities will consider various factors when assessing a PR application – these include, amongst others, the applicant’s age, educational background, salary, employment profile, length of residence in Singapore, whether a spouse and eligible children are included in the application, whether the applicant has been convicted of any offences, whether the applicant has integrated into Singapore society (volunteer activities and charitable donations). Our team will consider relevant factors and tailor an approach based on your profile to optimise your chances of securing permanent residence
Sponsored Scheme - For foreign spouse and child(ren) of a Singapore Citizen or PR & For foreign aged parent of a Singapore Citizen
- Who is eligible? A Singapore citizen or permanent resident can sponsor his non-resident spouse and unmarried children below 21 years of age old (who were born within a legal marriage or have been legally adopted) for permanent residence. A Singapore citizen can additionally sponsor his/her aged parents (60 years old and above) for permanent residence
- Documents required: Documents required include passports, birth certificates, marriage certificate, divorce certificates (If applicable), pay slips for 6 months, work pass for spouse (if applicable) and highest educational certificates. Do contact us for a comprehensive list of documents to be provided as part of the PR application
Foreign Students Scheme (FSS)
This scheme is for students who have lived in Singapore for more than two years at the point of PR application and who have passed at least one national exam (e.g., PSLE or GCE 'N'/'O'/'A' levels) or who are enrolled in the Integrated Programme (IP). IP is a 6-year course leading to the GCE A-Level examination or International Baccalaureate Diploma or NUS High School Diploma. Do contact us for further information if you meet the eligibility requirements and would like to apply for permanent residence under this scheme.
Foreign Artistic Talent (ForArts) Scheme
Outstanding International Arts Professionals with relevant training/education in their field of practice, who possess relevant professional experience with outstanding achievements in the field of performing arts, visual arts, literary arts, design, or media can apply for PR through the National Arts Council (NAC) if they have made:
- significant contributions to Singapore's arts and cultural landscape, have a strong track record of local engagements at leadership level; and
- have concrete plans to be involved in Singapore's arts and cultural sector
Global Investor Programme (GIP)
The Global Investor Programme (GIP) is a path to Singapore PR status for eligible global investors who intend to drive their businesses and investment growth from Singapore. You will need to have a substantial business track record and successful entrepreneurial background to qualify.
- Application for permanent residence under GIP is to be made through:
- Contact Singapore (a division of the Singapore Economic Development Board (EDB))
Investor Profiles and Qualifying Criteria:
- Established Business Owners - Investment Option A, B, or C:
- Applicants must have 3+ years of entrepreneurial experience and a strong business track record
- Applicant must have a minimum 30% shareholding in company if privately held
- Company to have annual turnover of at least S$200 million for the past year and an average of S$200 million annually for the past three years
- Company to be engaged in one or more specified industries
- Next-Generation Business Owners - Investment Option A, B, or C:
- Applicant’s immediate family must hold at least 30% shareholding or be the largest shareholder in the qualifying company
- Applicant to be part of the management team (Board of Directors or C-Suite) of the company
- Company to have annual turnover of at least S$500 million for the past year and an average of S$500 million annually for the past three years
- Founders of Fast-Growth Companies - Investment Option A, B, or C:
- Applicant must be a founder and major shareholder in a private limited company valued at least S$500 million
- Reputable Venture Capital or Private Equity firms must have invested into the company
- Company must be engaged in one or more specified industries
- Family Office Principals - Investment Option C:
- Applicant must have 5+ years of entrepreneurial, investment, or management experience
- Applicant must have net investible assets of at least S$200 million, excluding real estate
- Investment Options:
- Option A: Invest at least S$10 million in new/expanding Singapore business
- Option B: Invest S$25 million in a GIP-select fund investing in Singapore companies
- Option C: Invest S$50 million in a new/existing Singapore-based single-family office with at least S$200 million AUM
How Can We Help?
Considering the benefits of permanent residency in Singapore, such as potential access to educational opportunities and property investment, it's essential to navigate this process seamlessly. Discussing your options with Kinetica can provide tailored guidance and support in understanding the nuances of obtaining permanent residency. Collaborating with Kinetica can help pave the way for your successful transition to Singaporean residency.
Email Us For A Discussion