Singapore is well-known as one of the wealthy city-state in south-east Asia. It is also renowned for its conservatism and strict local laws, and the country prides itself on its stability and security.
Being a Singapore Permanent Resident (PR) has always been valued highly. This article will go through briefly on some key benefits becoming a Singapore Permanent Resident.
Simplified Travelling – Permanent residents can enjoy simpler procedures of getting visas to travel to various countries. This is extremely convenient specially for people who required to travel for business all the time.
Family United – Able to apply long term stay for parents and include the spouse and children. For school-aged children, priority to enter Singapore public schools will be high on the priority list.
Job hopping becomes a less painful process – avoiding delay/rejection when cancelling old Singapore Visa and reapplying a new one. This can result in valuable time and money lost in the process.
Financial and Tax – Under Singapore’s Central Provident Fund. It is a must for CPF contributions; the taxable income will be lower after deducting CPF from the salary. CPF Amount can use for health care, home-ownership, family protection etc.
Greater ownership in this tiny nation – enjoying better tax rates, entitled to government-subsidized public housing) from Singapore Housing Board Development (HDB).
Permanent Residents can purchase resale government public housing. When you successfully become a Singapore Citizen, you can purchase a public housing directly from Housing & Development Board (HDB).
A higher priority to borrow various loans in applying for housing loans to purchase a property.
& more such as lower medical expenditure, stability of residence etc
Becoming a Singapore Permanent Resident (PR) opens many opportunities for you to live, work, and invest in Singapore’s society and economy.
The Application for Singapore Permanent Resident probability of success will be high with proper preparation and guidance from the right immigration consultants. Singapore Permanent Resident Application will no longer be as challenging as the applicant assumed.
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