Whatever your reason for staying in Singapore, you must apply to become a permanent resident, especially if you are in the country for a long time.
Sending a PR application in Singapore gives you access to more benefits you didn’t have before. Therefore, there is no reason for an individual to ignore this opportunity to make life in the country easier.
However, since it can be a hassle to send an application to the Immigration & Checkpoints Authority (ICA), it would make it easier to decide if you know more about its benefits. Continue reading this article to help you understand why you should apply to become a permanent resident in Singapore through these 6 reasons.
6 Reasons Why You Should Consider Sending a PR Application in Singapore
1. Travel Freedom
One of the worst downsides of non-PR individuals in Singapore is the restrictions on travelling outside the country. Although there are legal ways to get approval, it can be tiresome if you go over it every time you need to head out. Moreover, you also have to face the possibility of rejection whenever you apply for new visas.
Fortunately, once your application for PR in Singapore has been approved by the ICA, you will no longer have to worry about rejections when getting new visas and work passes. This benefit means you are free to enter and leave the country without facing much trouble.
2. Employment Stability
Aside from making travel arrangements easier, an approved PR application also means that you won’t have to apply for work permits nor risk getting rejections whenever you switch to a new career opportunity.
Additionally, you become eligible for more career opportunities since local companies prefer hiring Singaporeans or permanent residents. After all, they also choose not to deal with the bureaucracy often associated with hiring foreigners.
Lastly, once your application for PR is approved, you also gain the opportunity to become an entrepreneur, meaning you can open your own business without facing legal trouble.
3. Eligible for Central Provident Fund
If you don’t know, the Central Provident Fund (CPF) is a mandatory social security savings scheme that employers and employees fund. It is a crucial part of the social security system of Singapore that aims to meet the retirement, housing, and healthcare needs of its citizens.
Fortunately, when your application for PR gets the necessary approvals, you become eligible for the benefits of CPF. By making your monthly contributions, you have access to various benefits, such as housing, insurance, investment, education, etc.
However, you need to know that you can only withdraw money from CPF once you reach the age of 52.
4. Access to Housing Loans
If you decide to get a housing loan, having an approved PR application in Singapore will make it easier for you to get the necessary approvals. Additionally, you also have to pay less stamp duty fee whenever you purchase a property. Unlike foreigners, your tax will only be half the original amount and even less when you’re a Singaporean citizen.
Besides access to loans and lower stamp duty fees, permanent residents can buy Housing Development Board (HDB) flats. Unfortunately, you would have to settle for secondhand units since newer ones are only available for Singaporean citizens. Nevertheless, a successful application for PR in Singapore increases your residency options.
5. Better Accessibility to Medical Services
While non-PR individuals have access to medical establishments, they will have to account for high fees in addition to the price of whatever services they need. This additional cost makes it troublesome for some people to head to hospitals or clinics due to insufficient funds.
However, when you apply to become a permanent resident in Singapore, one of its benefits involves lower fees when getting medical services. Moreover, individuals with children get to enjoy government support through childcare centres.
6. Requirement for Singapore Citizenship
If one of your goals involves getting Singapore citizenship, sending a PR application is one of the necessary steps toward achieving it. While permanent residency offers plenty of benefits, becoming a citizen provides access to even more opportunities. Some advantages include voting rights, better tax rates, and access to new properties.
However, before applying for citizenship, you need to be a permanent resident of the country for 2 to 6 years. Additionally, you also need to be at least 21 years old by the time you send your application.
Sending a PR application in Singapore provides individuals with numerous benefits and opportunities. Although it can be troublesome to deal with documents and deadlines, the advantages of becoming a permanent resident far outweigh them.
If you are staying for a long time in Singapore, passing an application for PR may be necessary for you to enjoy life in the country. As mentioned in this article, there are 6 benefits one could enjoy when they become a permanent resident. Here is a quick recap to help you remember.
First, a successful PR application means you no longer need to worry about travel restrictions or rejections. You get to enter and leave the country without much trouble.
Second, finding the right career is easier when you have an approved PR application since local companies prefer citizens and permanent residents. Additionally, you no longer have to apply for work permits whenever you switch jobs.
Third, permanent residents are eligible to receive benefits from the Central Provident Fund scheme.
Fourth, you also gain the ability to purchase HDB flats, albeit secondhand properties.
Fifth, paying for medical fees is cheaper when you have an approved PR application in Singapore. Not to mention that you also have access to government support like childcare centres.
Lastly, sending an application for PR in Singapore is one of the prerequisites to becoming a citizen of the country. Therefore, be a permanent resident as early as possible since you would also need to spend several years as a PR before becoming eligible for citizenship.
Do you want to apply for PR in Singapore online? If so, visit Singapore Immigration Partners and get professional advice from a team of experts.