Singapore Permanent Residence (PR) Schemes
Singapore, with its clean and green environment, low crime rate, high standard of living, political stability and perpetual growth opportunities has lured many foreigners to seek Permanent Residence (PR) status in the city state. There are various schemes which a foreigner may successfully qualify for a PR status in Singapore.
A PR status opens many doors in Singapore, apart from the privilege to freely move in and out of Singapore and the freedom to switch employers; you can invest freely, secure admission into subsidized government educational institution and gain financial benefits in the form of employer’s contributions to your pension funds. The following is an overview of the PR schemes
Foreign Artistic Talent Scheme (ForArts Scheme)
The Foreign Artistic Talent Scheme is an initiative launched by the National Arts Council and Immigration and Checkpoints Authority of Singapore to attract foreign artists with exceptional talents to immigrate to Singapore. These artists should have had formal training and a well established reputation for their crafts. These crafts include fine art, photography, dance music, theatre, literature and film.
To qualify for the ForArts Scheme, applicants must meet all of the following criteria:
- Received relevant training/education in their field of practice
- Substantial professional experience, with outstanding achievements, in the field of Performing Arts, Visual Arts, Literary Arts, Design and/or Media
- Made significant contributions to Singapore’s arts and cultural scene, including a strong track record of local engagements at leadership level
- Have concrete future plans to be involved in Singapore’s arts and cultural sector
Professionals, Technical Personnel & Skilled Workers (PTS) Scheme
The most common avenue to gain permanent residence in Singapore is through the Professional, Technical Personnel and Skilled Worker scheme (PTS Scheme). The scheme enables foreign professionals working in Singapore under an Employment Pass, Entrepreneur Pass and S Pass to apply for permanent residence.
This PTS scheme is the preferred route to gaining permanent residency in Singapore. Approximately 95% of foreigners obtained PR status through this scheme.
Under the PTS scheme, an applicant’s spouse and children under 21 years old may apply for permanent residency as well.
There are factors to consider when applying for permanent residence status:
- Age, preferably less than 50 years old
- Current professional vocation and employment history
- Current employer and its credentials
- Education background and qualification
- Salary and financial background
- Family ties in Singapore
- Personal interests and pursuits
Documents required for application and submission of PR application:
- Original passport
- Original employment pass
- Original educational certificate
- Original birth certificate
- Income tax (notice of assessment)
- 6 months salary pay slips
- Original marriage certificate (if any)
- 2 colour, passport-size photographs
- Complete and signed application Form 4A from ICA
Any documents that are not in English must be translated into English by an official translation service.
Global Investor Programme for Permanent Residence
The Global Investor Program is a permanent residency route for foreign individuals and entrepreneurs who have the resources to invest in or engage in new business activities in Singapore. Spouses and children of these investors are also eligible for Singapore permanent residence.
To be eligible for this programme, applicants must fulfill certain industry-based or entity-based criteria.
The GIP offers two investment options:
Invest at least S$2.5 million in a new business entity or expansion of an existing business operation.
*Please see below for approved business sectors.
Invest at least S$2.5 million in a GIP-approved fund that invests in Singapore-based companies.
To be considered for permanent residency under the GIP, you must meet one of the following:
- Minimum of 3-years of entrepreneurial and business track record. Audited financial statements of your company for the last 3 years are also required.
- For option A, you must also produce 3 year business proposal or investment plan, along with employment and annual financial projection.
- For real estate or construction-related companies, your most recent annual turnover must be at least S$200 million, and an average of S$200 million annually for the last 3 years.
- For other sectors, your most recent annual turnover must be at least S$50 million, and an average of S$50 million annually for the last 3 years. One may submit financial statements of the company with the highest turnover or consolidate the financial statements of various businesses to meet the minimum turnover criteria.
- For privately-owned companies, you must have a minimum 30% shareholding in the company. Must also demonstrate role in the company, as well as the growth and profitability of your company or companies.
List of approved investment sectors for Option A
Under the GIP programme, you may invest in the following business areas:
- Aerospace Engineering
- Alternative Energy
- Consumer Business
- Environment & Water Technology
- Engineering Services
- Infocomm Products & Services
- Logistics & Supply Chain Management
- Marine & Offshore Engineering
- Media & Entertainment
- Medical Technology
- Natural Resources
- Safety & Security
- Pharmaceuticals & Biotechnology
- Precision Engineering
- Professional Services
- Lifestyle Products & Services
- Visual Arts, e.g. art galleries, museums, auction houses, art logistics, art storage facilities
- Performing Arts, e.g. arts theaters, production houses
- Sports, e.g. sports academies, headquarters of sports companies
- Family Office