Favourable Features / Benefits / Pros / Advantages of becoming PR in Singapore
Comparison with “If not situation” / “Foreigners” / “Citizens”
Immigration: Re-Entry Permit (REP):
- Permanent Residents have the most stable immigration status in Singapore. They may live and/or work in Singapore as long as they wish however REP is still subject to renewal once every five years.
- In case your REP is not successful, you may be facing many difficulties such as disposing your properties, relocation, schooling of your children, etc
LTVP for Family Members:
- A dependant or spouse of a PR can still enjoy good immigration stability with an option to apply with Long-Term Visit Pass (LTVP).
- By holding LTVP, a place in public school is a challenge. However, you can still send to international schools which are with many varieties.
Employment for Family Members:
- The dependants who hold LTVP may apply for Letter Of Consent (LOC) for employment if they find the jobs.
- Due to strictly adopting the policy of Fair Employment Practices (FEP), it may be a kind of challenge to find the jobs for LTVP holders when it is compared with LTVP+ holders which is applicable only to citizen’s dependants.
PR for Family Members:
- An adult PR can sponsor certain immediate family members such as spouse and unmarried child aged below 21 born within the context of a legal marriage to, or have been legally adopted by a PR for Permanent Residence to allow them to immigrate to Singapore.
- The approval for family members is not guaranteed, even for citizen sponsors, and it will depend on financial and many other factors.
The only realistic path to citizenship for foreigners:
- After a waiting period of two years, PRs can apply for Singapore citizenship.
- Living in Singapore for a period of two years does not mean for the guaranteed Singapore citizenship as it depends on numerous factors such as educational qualifications, financial strength, serving to the community, stable employment, etc.
- PRs are fully employable without requiring work permits or Letters Of Consent (LOC), in practically any full-time or part-time employment including government employment (with the exception of certain sensitive government roles), and can even hold more than one part-time job, freelancing work, contract job, etc.
- Some Government grants are applicable only for recruiting Singapore citizens.
- The privileges for employing the PRs may be the secondary next to Citizens when the unemployment exists.
- PRs can be self-employed, start their own businesses, be directors and officers of most Singapore companies, own businesses, and otherwise lead full economic lives in Singapore.
- For some businesses the PRs may not be enjoying the same kind of benefits like citizens.
- Eg: Deposits may be lower for citizens whereas higher for PRs for commercial units from the Public agencies such as HDB.
Ability to retire in Singapore:
- Singapore doesn’t offer a “retirement visa.” However, like citizens, PRs can stay in Singapore through their retirement years, living off their savings and pensions.
- Some of the PRs still prefer to retire in their home countries as they do not have any restrictions to surrender the Re-Entry Permit (REP).
Lower cost infant care and childcare:
- PR children pay lower fees than foreigners to attend government-supported infant care and childcare centres.
- PRs may not be eligible for Government subsidies for their children to send to Infant care and childcare centres.
Placement to Public (Government) educational institutions:
- Citizen children come first, but PR children receive placement priority over foreigners when enrolling in government-run primary and secondary schools.
- The priority for school placement is for citizens even though the PRs live next to their choice of Schools.
Lower costs to Public (Government) educational institutions:
- PR children also pay substantially lower fees than foreign children when they enrol for Primary school, Secondary school, Junior College, Polytechnic and University in other words Primary to University.
- The educational fee for PR children is lower when it is compared with the foreign children.
- There is a wider gap in educational fees between citizen children and PR children where the formers are enjoying with more subsidies.
Eligible to buy resale HDB leaseholds:
- After a waiting period of 3 years from obtaining the status of PR, PRs are eligible to buy resale public housing leaseholds for their own occupancy, with limited subletting privileges.
- PRs are not allowed to buy newer flats or Build-to-Order HDB units which are reserved only for citizens.
Lower stamp duty on real estate purchases:
- PRs pay a substantially lower Additional Buyer’s Stamp Duty rate than foreigner purchasers pay.
- Citizens required to pay stamp duty from 2nd residential property whereas the PRs required for even the first residential property.
Greater chance of approval to buy landed property:
- Non-citizens need Government approval to buy so-called landed property in Singapore. PRs have a better chance of approval than foreigners.
- Such approval is not guaranteed for PRs to buy a landed property.
Eligible to buy resale executive condominiums earlier:
- Singapore has a few executive condominium developments. PRs are eligible to buy resale executive condos only 5 years after construction (with 94 years or less remaining on the leaseholds) and, unlike foreigners, do not have to wait 10 years.
- Only Singapore citizens can buy new build executive condos.
Privileges at government-run sports facilities:
- PRs pay the same, lower rates as citizens for admission to government-run sports facilities such as public swimming pools, and they can also participate in the ActiveSG $ rebate program.
- This is to encourage the people regardless of the immigration status towards national health policies.
Lower cost privileges at public libraries:
- PRs pay a nominal one-time registration fee for a basic National Library Board (NLB) membership.
- The NLB fee is much lesser for PRs than the annual fee for foreigners for more limited privileges.
No need to renew driving licences:
- PRs can convert their Singapore driving licences after passing the applicable theory and practical driving tests to reflect their new NRIC numbers.
- Note: Older drivers’ periodic checks still apply.
- Foreigners required to renew their licenses periodically.
Limited merchant (agencies) privileges:
- Like citizens, PRs enjoy some limited privileges from merchant institutions.
- Eg: Easier to sign longer term contracts for telecommunications services and utilities with lower deposit requirements.
- Comparatively foreigners required to place higher deposits.
Limited financial privileges:
- Like citizens, PRs enjoy some limited privileges from financial institutions.
- Eg: Credit cards are available only to citizens and PRs with lower income criteria.
- Foreigners required to meet with higher income criteria when it is compared with PRs.
Some privileges when obtaining visas to visit foreign countries:
- A few foreign countries may offer Singapore PRs greater odds of visa approval, longer term visas, and/or lower cost visas.
- Foreigners may lack some privileges when obtaining visas to visit foreign countries when comparing with PRs.