{"id":37195,"date":"2017-07-15T02:23:36","date_gmt":"2017-07-15T06:23:36","guid":{"rendered":"https:\/\/www.escapeartist.com\/?p=37195"},"modified":"2020-09-14T04:57:41","modified_gmt":"2020-09-14T09:57:41","slug":"residency-options-in-singapore","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/residency-options-in-singapore\/","title":{"rendered":"Residency Options in Singapore"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">If you\u2019re a prospective expat looking to move to Southeast Asia, Singapore is likely on your shortlist of landing spots. With a highly developed economy, first-world amenities, a large expat population, and low crime rate, Singapore is a jewel nation for those looking to live abroad in Asia. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">While it is possible to move to Singapore and work solely on a work permit, known as the Employment Pass, the national government has created a program to attract highly valued foreign nationals to live and work abroad in the country on a long term basis. This Singapore Permanent Residence (PR) program allows qualified expats to live and work in the country for at least five years. The approved categories to enlist in this permanent residency program include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Employment Pass Holders under the Professional, Technical, and Skilled workers Scheme (PTS). <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Investors and entrepreneurs who fall under the Global Investor Program<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Spouse and\/or unmarried, dependent children (under 21) of a Singapore citizen or permanent resident<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Dependent parents of a Singapore citizen<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The purpose of introducing this program was to incentivize high net worth individuals to move to Singapore and inject capital into the national economy. If you are not a prospective investor or a spouse, parent, or child dependent of a Singapore citizen, you\u2019ll need an Employment Pass to legally work and live in the country. This can be applied for after being hired by a Singapore company, but before you arrive in the country to start working. Expats holding this Employment Pass can apply for permanent residency after one year of living abroad and working in Singapore. Once permanent residence is obtained in Singapore, an Employment Pass is no longer needed to maintain working legality in the nation. <\/span><\/p>\n<p><b>Permanent Residency Through Employment in Singapore<\/b><\/p>\n<p><span style=\"font-weight: 400;\">If the Employment Pass route is your preferred method of obtaining permanent residence in Singapore, you will have to meet a few requirements. You will have to prove that you are currently living (and have been for one year) and working in Singapore, and you will also have to show six months of pay stubs to validate that you have maintained your job for this minimum amount of time. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">To apply for this permanent residency through employment, applicants must provide the following documents, in original form and in English:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Completed application Form 4A<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Passport-sized photo<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Valid passport<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Employment Pass<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Income tax records for previous three years<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Payslips for prior six months in Singapore<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Birth certificate<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Any applicable degrees or diplomas<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Letter from employer stating nature of your work, duration of employment, and good standing in the company<\/span><\/li>\n<\/ul>\n<p><b>Perks of Obtaining Permanent Residency in Singapore<\/b><\/p>\n<p><span style=\"font-weight: 400;\">There are a few very attractive benefits offered to expats who can secure permanent residency abroad in Singapore:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Ability to live and work in Singapore for 5 years<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Priority over non-holder\u2019s of permanent residency in the job market<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Lower costs at government-funded clinics<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Lower educational fees for resident children<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Option to purchase public housing<\/span><\/li>\n<\/ul>\n<p><b>Permanent Residency Through Investment in Singapore<\/b><\/p>\n<p><span style=\"font-weight: 400;\">If you have the funds, you can bypass the requirements needed for permanent residency through the employment route and obtain residency through investment. The Global Investor Programme (GIP) in Singapore allows expats and their families to obtain permanent residency by either starting a business or investing in an established business in the country. Financial requirements include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Invest a minimum of $2.5 million SGD ($1.8 million USD) in a new business or expansion of an existing business in Singapore.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Invest a minimum of $2.5 SGD ($1.8 million USD) in a Global Investor Programme-approved fund.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Applicants are given 6 months to complete investment from time of permit approval. <\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Unmarried dependents and spouses can achieve permanent residency after the applicant\u2019s GIP has been received. Parents of the PR holder can be added to the residency program for an additional investment price of around $220k <a href=\"http:\/\/www.escapeartist.com\/consumer-resource-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-11819\" src=\"http:\/\/www.escapeartist.com\/wp-content\/uploads\/2017\/05\/image-ad.jpeg\" alt=\"Consumer Resource Guide\" width=\"166\" height=\"227\" \/><\/a>USD per parent<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As the economic leader of Southeast Asia, Singapore has so much going for it as an expat destination. In addition to the residency options listed above, the Singapore government has also introduced a permanent residency program for Foreign Artistic Talent. Those with exceptional talent in the arts, photography, dance, literature, music, or film can apply for <\/span><a title=\"permanent residency abroad in Singapore\" href=\"http:\/\/www.escapeartist.com\/singapore\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">permanent residency abroad in Singapore<\/span><\/a><span style=\"font-weight: 400;\">. To qualify, applicants must demonstrate that they have made significant contributions to Singapore\u2019s cultural scene (through active engagements into the arts sector) and must show a convincing or global following or presence. <\/span><\/p>\n<p><b><i>Author Bio:<\/i><\/b><\/p>\n<p><b><i>Tyler Sorce<\/i><\/b><i><span style=\"font-weight: 400;\"> is an American writer and digital nomad currently living in Lisbon, Portugal. In a past life he was a chef in Manhattan and Paris, follow his travels and favorite dishes on<\/span><\/i><a href=\"https:\/\/www.instagram.com\/tyler_sorce\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> <i><span style=\"font-weight: 400;\">Instagram<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">. <\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re a prospective expat looking to move to Southeast Asia, Singapore is likely on your shortlist of landing spots. With a highly developed economy, first-world amenities, a large expat population, and low crime rate, Singapore is a jewel nation for those looking to live abroad in Asia. While it is possible to move to [&hellip;]<\/p>\n","protected":false},"author":308,"featured_media":37206,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"yst_prominent_words":[2748,2756,19402,29233,29255,2688,29271,2530,9727,2369,29266,29253,29264,29257,1887,29258,3202,29268,29261,22271],"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.escapeartist.com\/wp-content\/uploads\/2020\/07\/Residency-Options-In-Singapore.jpg","_links":{"self":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/37195"}],"collection":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/users\/308"}],"replies":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/comments?post=37195"}],"version-history":[{"count":2,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/37195\/revisions"}],"predecessor-version":[{"id":41513,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/37195\/revisions\/41513"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media\/37206"}],"wp:attachment":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media?parent=37195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/categories?post=37195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/tags?post=37195"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/yst_prominent_words?post=37195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}