Singapore is a vibrant and dynamic city-state that offers a high quality of life, excellent healthcare and education systems, a stable economy, and a diverse and multicultural society. Many foreigners are attracted to Singapore and choose to become Singapore Permanent Residents (PR) due to the numerous benefits it offers.
In this article, we will explore the benefits of becoming a Singapore Permanent Resident.
1. Employment Opportunities
Singapore is a bustling city that is home to many multinational corporations, startups, and small and medium-sized enterprises. As a PR, you are eligible to work in any company in Singapore without the need for a work visa.
This means that you can enjoy more flexibility in your career choices, including higher salaries, better benefits, and greater job security. PRs also have a higher chance of securing a job in Singapore due to their long-term commitment to the country, which is attractive to employers.
2. Education Opportunities
Singapore is known for its excellent education system, which consistently ranks among the top in the world. As a PR, you are eligible to enroll your children in local schools and enjoy subsidized tuition fees. You can also apply for scholarships and bursaries, which are reserved for PRs and citizens.
Furthermore, PRs have access to the SkillsFuture program, which provides subsidies for training and upgrading courses to enhance their skills and knowledge, enabling them to stay competitive in the job market.
3. Healthcare Benefits
Singapore has a world-class healthcare system that offers affordable and accessible medical care. As a PR, you are eligible for subsidized healthcare services and can enjoy lower medical fees compared to non-residents. This is particularly beneficial for those with pre-existing medical conditions or those who require frequent medical attention.
PRs are also eligible for MediShield Life, which provides comprehensive coverage for hospitalization and selected outpatient treatments. This provides an additional layer of protection for PRs and their families.
4. Social Benefits
As a PR, you have access to various social benefits, such as public housing, which is highly subsidized by the government. You can also participate in the Central Provident Fund (CPF) scheme, which is a mandatory savings scheme that provides financial security in retirement.
Here is a comprehensive resource outlining CPF Interest Rates.
5. Eligibility for Citizenship
One of the most significant benefits of becoming a PR is the eligibility for citizenship. After residing in Singapore for a certain period and meeting the eligibility criteria, you can apply for citizenship and become a Singaporean. This means that you can enjoy all the benefits and privileges of being a citizen, such as access to social assistance, public housing, and the right to vote.
Furthermore, Singaporean citizens enjoy visa-free travel to many countries, providing greater mobility and opportunities for personal and professional growth.
How Do I Apply?
All permanent residence applications must be submitted online using ICA’s e-Service. Applicants can either key in the application details online, or download and complete the PR application form offline before submitting it online. You may submit a PR application online with a valid Singpass account if you are a:
- Singapore citizen or PR who is applying for PR for your spouse or unmarried child aged below 21 years old
- Singapore citizen who is applying for PR for your aged parent
- Employment Pass or S Pass holder who is applying for PR for self and spouse or unmarried child aged below 21 years old.
If you are a student currently studying in Singapore, you may access the e-Service using your Foreign Identification Number (FIN) and the issuance date of your valid immigration pass.
If you are a foreign investor in Singapore, you can apply for PR at the Singapore Economic Development Board under the Global Investor Programme.
For more information on e-Service accessibility, you may refer to the Frequently Asked Questions and PR application Step-by-Step guide available in the e-Service.
Becoming a Singapore Permanent Resident offers numerous benefits, such as employment and education opportunities, healthcare benefits, social benefits, and the eligibility for citizenship.
However, it is important to note that there are also some drawbacks to consider despite the numerous Singapore PR benefits, such as the high cost of living and the strict laws and regulations. It is advisable to weigh the pros and cons, and for you to understand the application process and make an informed decision.
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