5 Benefits of Becoming a Singapore Permanent Resident (PR)
Last Updated on August 10, 2023
IIt’s no secret that Singapore is one of the best countries to live in. Its stable government, enviable economic landscape, universal healthcare, and adequate infrastructure attract a steady stream of people seeking to
Once your application is approved, you’ll receive a Blue Card as your identity document. This card means you can live, enter, and leave Singapore without additional visas or permits. Additionally, your card and status only need to be renewed every five years, unlike the employment pass, which needs to be renewed every one to two years.
You can also include your spouse and unmarried children in your Blue Card application to give them the same benefits. Once your application is approved, they will be issued
Lastly, another benefit for Singapore PRs is that it would be easier to apply for long-stay visas for your parents if they want to visit. The most common type of long-stay visa for parents of Singapore PRs is the
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It’s customary for every employment pass holder to reapply or renew their pass when changing jobs or employers, but doing so comes with the risk of being denied and forcing you to leave Singapore. One great benefit for Singapore PRs is that it allows you to change jobs whenever the opportunity arises without worrying about your status. Additionally, some companies may prefer hiring a permanent resident, so they won’t deal with the hassle of renewing employees’ existing employment passes.
It’s easier to put down roots once you have permanent resident status. You’ll be given higher priority when applying for housing loans, rent a low-cost flat that’s subsidised by the government, or even purchase brand new or second-hand flats. There are many different grants and schemes available for PRs regarding housing which you can check at the
Aside from affordable housing, another benefit for Singapore PRs is that if you list your unmarried children under 21 years old, they’re entitled to be on the priority list when it comes to your chosen public school.
If you are an adult with PR status that is interested in getting further education, you can do so and get it subsidised as part of the government’s education initiatives. Here are links to these subsidised programs to learn more about them:
If you prefer a more hands-on approach to improving your skills you can consider taking on some freelancing gigs or side hustles in Singapore. Are you interested? Check out our article on
The Central Provident Fund (CPF) is like a savings account that helps you save money for the future. It is a mandatory social security savings scheme in Singapore.
When you work in Singapore, a portion of your salary goes into your CPF account every month. This money is set aside for different purposes. One part of the CPF is meant for your retirement. It accumulates over time and can be used to support you financially when you stop working.
Another part of the CPF is for healthcare expenses. If you have medical needs, you can use this money to pay for medical treatments and hospital bills. It helps to cover your healthcare costs and ensures you have access to medical services when you need them.
The CPF also has provisions for housing. You can use your CPF savings to buy a home or pay for a housing loan. It helps you with the costs of owning a house and provides a way for you to invest in property.
Overall, the CPF is designed to ensure financial security and support for individuals throughout their lives.
You will be eligible to apply for Singaporean citizenship after two years of obtaining PR status. Gaining citizenship means having the same rights and access as a naturally-born Singaporean, including the right to vote in elections, better tax rates, and subsidies for housing options. Not to mention, you‘ll get a Singapore passport, often touted as one of the most powerful passports in the world.
As described above, there are various advantages of being a Singapore permanent resident. But, on your path towards PR or citizenship, you’ll need to pass the first hurdle of
Are you interested in submitting a Singapore PR application? You can start the application after working under a valid employment visa for at least six months. For a higher chance of approval, it's advisable to work for at least a year with a Singaporean company before considering permanent residency.
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