Obtaining a Singapore permanent residency (PR) lets you enjoy many of the benefits and rights given to full citizens but it also comes with certain obligations that you should be aware of.
As a permanent resident of Singapore, you and your family are free to live, work and buy property in the country and be a part of the Singapore ecosystem. As a Singapore PR, you are eligible for a range of perks such the ability to travel in and out of the country freely and priority placing when applying in the Singapore’s public education system for your children. Regarding employment, your employer is required to make monthly contributions to a compulsory pension scheme, and you do not need to acquire fresh working visas when changing jobs.
However, you should be aware that your sons are obligated to serve in the Singapore Army at the age of 18.
Foreigner Seeking Relocation to Singapore
The common mistake for first time foreigners who relocate to Singapore is not applying the best working visa available such as the Entrepass and Employment Pass. It has a serious impact on their PR application subsequently. In order to avoid this potential issue, one has to shift from the “foreign worker" box to the “foreign talent" box. How does someone achieve that? They can consider being their own boss. Singapore’s pro business incentive will fund 60% of your start up cost if a foreign business owner or entrepreneur relocate their business to Singapore.
Visa Express provides you with the advice you need through consultations with our experts. We will advise you on the best course of action you should take in order to gain the best results prior to relocating to Singapore. Contact us today!