Obtaining Singapore permanent residence (PR) lets you enjoy many of the benefits and rights given to full citizens but it also comes with certain obligations that you should be aware of.
As a permanent resident of Singapore, you and your family are free to live, work and buy property in the country and be a part of Singapore society. As a Singapore PR, you are eligible for a range of perks such the ability to travel in and out of the country freely and priority entry to Singapore’s public education system for your school-going children. In the workplace, your employer is required to make monthly contributions to a compulsory pension scheme, and you do not need to acquire fresh working visas when changing jobs.
While you are given many rights as a Singapore PR, the government also has rights upon you. One of them is military service, which is compulsory on your sons (if they are also PRs) once they reach 18.
Foreigner Seeking Relocation to Singapore
The common mistake for first time foreigners who relocate to Singapore is not applying the best working visa available such as Entrepass or Employment Pass Visa and place oneself in one of the thousands “foreign worker” category. It has a serious impact on their PR application subsequently. To differentiate, one has to try to move out of the “foreign worker” box and instead become a “foreign talent”. How to do that ? One can consider being your own boss, Singapore pro business incentive will fund 60% of your start up cost if foreigner business owner or entrepreneur relocate their business to Singapore, Click to see our PIC tax incentive scheme that will help you in your business relocation. For further information to set up Singapore business , please refer to the following useful links:
Should you engage a professional firm to assist you with your Singapore PR application filing? The answer is that it depends. If after reading this guide you feel that you know what you are doing, you probably don’t need professional help. If on the other hand, you feel that could with an experienced set of eyes to review your application and supporting documents and give you recommendations to maximize your chances of success, you can ask a professional services firm for help.