What Is Singapore Permanent Residency Status

By Author: Robert Sparks
Total Articles: 68
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Talented and goal-driven professionals and investors are warmly welcomed in Singapore, as they are able to contribute to vibrant economy of the country. Now, if you are asking about the eligibility requirements for permanent residence status in Singapore, read on because we have outlined important details about your concern.

Who can apply for PR status?
1. Spouse and unmarried children (below 21 years old) of a Singapore Citizen 
(SC)/Singapore Permanent Resident (SPR)
2. Aged Parents of a SC
3. P, Q or S work pass holders
4. Investors/Entrepreneurs
PR Schemes:
1. Scheme for Professional/Technical Workers - with Employment in Singapore prior to application for PR, Employment Pass holder and below 50 years old
2. Scheme for Personnel & Skilled Workers - with Employment in Singapore prior to application for PR, Employment Pass holder and below 50 years old
3. Scheme for Investors – The following options are applicable on this scheme: Invest at least S$1 million in a new business startup or expansion of an existing business operation; Invest at least $1.5 million ...
... in a new business startup, expansion of an existing operation, approved Singapore-incorporated venture capital fund or Singapore-incorporated foundation or trust that focuses on economic development; and invest at least $2 million in a new business startup, expansion of an existing operation, approved Singapore-incorporated venture capital fund or Singapore-incorporated foundation or trust that focuses on economic development. Residential property can be purchased with not more than 50% of the investment amount
4. Foreign Artistic Talent Scheme - the Singapore Immigration and the National Arts Council (NAC) jointly administer this scheme. Eligible foreign talents should have received formal training and /or have relevant working experience and have already established a reputation both at home and abroad.
5. Approved-in-Principle (AIP) Scheme - This scheme provides a 5-year approval-in-principle PR to successful Hong Kong applicants. Holders can obtain Permanent Residence status if they secure employment or relocate their family to Singapore within the 5 years validity period.
For other concerns and inquiries, please visit Rikvin.com and/or contact the team of Rikvin for consultation.

Rikvin provides a full spectrum of corporate services under one roof for singapore company registration, assistance to form a singapore company, accounting, tax, work pass and related compliance services for individuals and companies worldwide.