Permanent Residence Singapore Visa: An Overview
Singapore is a beautiful and vibrant country filled with scenic landscapes and wonderful attractions. It is also known as a hub for many people who wish to pursue a long-term residency in the country. If you are looking to permanently move to Singapore, then you must apply for Permanent Residency Singapore Visa, also known as PR for short. The PR Singapore visa is the most sought after visa category by many expat hopefuls, and so it is important to have all of the necessary information to complete the visa application process. In this article, we will discuss everything you need to know before submitting your PR Singapore visa application.
What is Permanent Residence Singapore Visa?
Permanent Residency Singapore Visa, or PR, allows one to establish a permanent residence in the country. It is considered the most sought after visa category by many expats because it entitles its holder to a number of long-term benefits. With a PR visa, one can stay and work in Singapore for a long period of time without any visa restrictions. It also entitles its holder to certain privileges and entitlements, such as the right to own property, open a bank account, and even access healthcare coverage.
Who is Eligible for Permanent Residence Singapore Visa?
To be eligible to apply for the PR visa for Singapore, one must meet certain requirements. Typically, permanent residence applicants must be over the age of 21, must have a well-established career and job, and must have a clean criminal record. Additionally, applicants must have a good credit history and must show proof of financial stability. Moreover, applicants must also have adequate knowledge and understanding of the Singapore society, laws, and various industries.
What are the Requirements for Permanent Residence Singapore Visa?
In order to apply for the PR visa for Singapore, applicants must fulfill a number of criteria. These include:
- Fulfilling a certain standard of educational attainment
- Having a relevant work experience
- Demonstrating a good track record of real estate investments
- Providing financial documents (e.g. asset details, bank statements) to prove their financial status
- Passing the “Entry Test” which assesses their knowledge and understanding of Singapore Laws, society, and culture
Upon successful registration, applicants have to attend the Suitability Interview with the Immigration & Checkpoints Authority (ICA) in Singapore. Here, the applicants are interviewed on their various commitments to Singapore and whether they are suitable to become permanent residents.
What Are The Benefits Of Permanent Residence Singapore Visa?
Once an applicant receives the permanent residence Singapore visa, they will be entitled to the following benefits:
- No longer needs to renew existing work visas
- Unlimited access to job opportunities in Singapore without the need to apply for work permits
- Partial tax rebates for overseas income
- Gain access to Singapore Citizenship applications
- Eligible to purchase properties in Singapore
- Eligible to access subsidized healthcare, certain education benefits, and extended travel benefits
- Eligible for residential benefits, such as CPF contributions and housing benefits
What is the Application Process for Permanent Residence Singapore Visa?
The PR Singapore visa application starts with submitting the relevant forms and documents to the ICA. Once approved, applicants can then undergo the Suitability Interview which will take up to four months to process. This is followed by the Recent Relationship Declaration, which then must be submitted with the Applicant Declaration. Upon completion of these paperwork, applicants are then asked to submit a Final Report. This will then be followed by the Final Link to the Singapore address, where the ICA will issue the permanent residence Singapore visa.
FAQs
Q. Is it easy to get a Singapore PR Visa?
A. While it can be a lengthy process, with the right qualifications and financial stability, it is possible to get a Singapore PR visa.
Q. Can a Permanent Resident of Singapore apply for Citizenship?
A. Once an applicant has been a Permanent Resident for at least two years, they can apply for Citizenship.
Q. How long does it take for the PR Visa Process?
A. It typically takes between four to six months for the whole process to be completed.
Q. Do I need to have an existing job to be eligible for the PR Visa?
A. No, applicants are not required to have existing employment in order to be eligible for the PR visa.
Conclusion
Getting a Permanent Residence Singapore Visa can be a long and arduous process. However, with the right documents and knowledge of the application process, one can successfully obtain a PR visa and enjoy all of the benefits of being a permanent resident. From being able to enjoy longer-term employment opportunities to having access to subsidized healthcare and educational benefits, the PR visa is one of the most sought after visa categories in Singapore. Therefore, one should properly research and consult with an experienced and competent lawyer before proceeding with the Permanent Residency Singapore Visa.
