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Singapore Permanent Residence Schemes: An Overview
In 2009, population in Singapore grew to 5 million. One tenth of this population is made up of permanent residents. There are thousands who become Singapore residents but do not go through similar process. A Singapore permanent residence application may be made by the applicant himself and can benefit his spouse and unmarried children below 21 years old. Over the past 10 years, an average of 36,000 foreigners from different cultures all over the world achieved stable residence yearly in Singapore.
Singapore has experienced low birth rate during the last two decades. This is considered to be one of the factors that contributed to the escalation of Singapore's population growth in the last 20 years as well as the growing need for improving human capital. Lots of benefits and rights await a permanent resident of Singapore. This includes the right to live without any restriction, freedom to buy unlimited property, public schooling for your kids and a number of other benefits. Upon reaching the age of 18, all males are required to undergo a two-year military service.
In view of the foregoing, there are 4 major ...
... permanent residence schemes for foreign professionals and investors who want to migrate to Singapore which we will be discussed below.
Professional, Technical Personnel and Skilled Worker Scheme
This is the scheme for permanent residence that is most widely used in Singapore. In this scheme, all foreign professionals who work in Singapore by virtue of an Employment Pass, Entrepreneur Pass or EntrePass and Skilled Worker Pass are allowed to apply for permanent residence.
Global Investor Program Scheme
The Singapore Economic Development Board and Ministry of Manpower has launched this type of scheme. Under this scheme, foreign individuals and entrepreneurs who desire to invest in or create new business activities in Singapore may, in the long run, apply for permanent residence. The family of the investor may also live legally in Singapore as well.
Landed Permanent Residence Scheme
Under this scheme, foreigners outside of Singapore with good academic or professional background are allowed to apply for permanent residence. There is a huge chance for you to obtain permanent residence if you are excellent in your field.
Foreign Artistic Talent Scheme
This is the scheme initiated by the National Arts Council and Immigration and Checkpoints Authority of Singapore in order to attract foreign artists with excellent talents to immigrate to Singapore. It is necessary that the artist must have formal training and a well established reputation for their field. Artists who are excellent in photography, dance music, theater, fine art, literature and film are eligible under this scheme.
The details above are necessary for you in order to obtain permanent residence in Singapore. Those guidelines will greatly help you in achieving permanent residence in Singapore.
Resource Box:
Asiabizservices is the leading Singapore Company Incorporation Services Specialists. It has successfully helped thousands of foreign entrepreneurs incorporate a Singapore company. Our office is located at Raffles Place, in the heart of the Singapore business district. ("CBD") If you're in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours.
Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions. If you are interested in learning more about Asiabizservices kindly email us at sales@asiabizservices.com or give us a call at +6563034614.
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