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Why Foreigners Desire For Singapore PR? Know The Benefits of Having a Singapore Permanent Residence (PR) Status
There’s a reason why foreigners want to have the Singapore PR status, for years, been keen to become a Singapore Permanent Resident (PR), and that’s because of the Singapore PR benefits they stand to gain.
Am I Eligible for a Singapore PR Status?
Assuming that you have worked in Singapore as an Employment Pass, EntrePass, S Pass or Personalised Employment Pass for a minimum of 6 months, good news! You are eligible for a Singapore PR status. See Guide to Singapore PR for more information. As of 2016, there are 524,600 Singapore Permanent Resident (PR) holders residing in the island state. These Singapore Permanent Resident (PR) numbers are only increasing annually because of the many benefits that Singapore PR holders stand to gain by calling this country home.
The Benefits of Having a Singapore PR
Among the benefits that you stand to gain as a Singapore permanent resident are:
- You will be allowed to live, and travel in and out of Singapore without the need to apply for a separate Singapore visa.
- You will be a Blue Card holder, which will be your identification document.
- Spouses and unmarried children aged 21-years and under will be eligible to be included in your Singapore PR application.
- Children of Singapore PR holders who are still in school will be given priority after citizens to enrol in any public school of your choosing.
- Parents of Singapore PR holders will be eligible for long-stay visas.
- You will be able to change employment without the need to reapply for a Singapore work permit each time that you do.
- You will be able to enjoy the financial and tax benefits by Singapore’s Central Provident Fund (CPF) scheme.
- You are eligible to apply for various loans, including housing loans, and you will be given higher priority than those who are not Singapore PR holders.
- You are eligible to purchase second hand HDB flat units (citizens are able to purchase new ones).
- You will be eligible to apply for Singapore citizenship after a designated number of years being a Singapore PR holder.
Other Singapore PR Benefits
As a Singapore PR schemes, the government will be entitled to some benefits. If you have young sons living with you in Singapore for example, they will be required to enlist in Singapore’s military service, which is also referred to as the national service. When they are 16 years of age, they will be required to serve in the national service for a period of 2-years until they turn 18-years old.
After completing national service, they will be required to participate in 40-days of the Operationally Ready National Service yearly until they are 50-years old for officers, 40-years old for other ranks.
