Why Singapore?
Singapore, renowned for its modern infrastructure, safety, and high quality of life, offers a unique blend of cultural diversity and economic opportunity. As a global financial hub with a stable political environment, the city-state provides excellent healthcare, world-class education, and a low crime rate, making it an attractive destination for individuals and families alike. Its strategic location in Asia, combined with efficient public services and a thriving job market, caters to foreigners seeking a dynamic yet secure place to live and work. Whether for business or personal growth, Singapore presents a vibrant, well-rounded lifestyle that is hard to match.
Benefits of Singapore PR
Curious about the advantages of being a Singapore PR? In this section, we highlight the top benefits!
Enhanced Career Opportunities
Holding permanent residency in Singapore opens doors to a wide array of career prospects spanning various industries. Whether aiming for local or multinational employment, being a permanent resident ensures equal footing in Singapore's thriving economy, fostering professional growth and numerous advancement avenues.
Access to Affordable Housing
Gaining Singapore Permanent Resident status makes it easier to settle down. PRs receive higher priority for housing loans, renting government-subsidised flats, and buying new or resale flats. Various grants and schemes are available for PRs, which you can explore in detail on the Housing and Development Board website.
Admissions to Local Institutions
Another benefit for Singapore Permanent Residents is that unmarried children under 21 are prioritised for admission to public institutions. Additionally, adults with PR status can pursue further education at one of Singapore's world-class universities with subsidies from the government's education initiatives.
Ease of Travelling To & From Singapore
Singapore Permanent Residents benefit from simpler visa procedures for international travel, which is especially convenient for frequent business travellers or those visiting family overseas. However, they must hold a valid Re-Entry Permit (REP) and ensure it does not expire while they are abroad.
Financial Planning and Tax Benefits
Singapore PRs are eligible for the Central Provident Fund (CPF), which functions like a pension fund. CPF contributions are mandatory for employees and reduce taxable income. Over time, CPF funds earn interest and can be used for healthcare, homeownership, family protection, asset management, and retirement plans.
Next Step to Singapore Citizenship
After meeting certain criteria, Singapore PRs can apply for Singapore citizenship, gaining deeper national ties and full participation in nation-building. Citizenship offers benefits like voting rights, housing priority, and visa-free travel to many countries. If you're aiming for Singapore citizenship, Assurance Immigration is here to guide you every step of the way.