Singapore Permanent Residence – Advantages and Disadvantages
Singapore government gives many facilities and services to its permanent residents. Singapore is a place preferred by many foreign professionals for work purpose and hence the settlement. To safeguard their interests and give them essential rights, the Singapore government has made special provisions. There are, however, certain rules for these individuals. As a permanent of Singapore, the residents and their family are free to live, work and buy in Singapore. Singapore government makes it easy for its residents to feel accommodated and included in their society. The various benefits include: permission to travel abroad and entry into schools and education system for your children. At work, your employer is compelled to arrange for your pension scheme. One does not have to apply for a fresh visa for changing jobs. With the many rights given to the permanent residents, there are also duties which the residents have to fulfil.
Children of the residents have to do military service once they reach the age of 18. There are many applicants of Singapore permanent residence. There are about 350,000 permanent residents in Singapore from a population of 4.5 million people. This number is increasing with every year. It takes about 3 to 6 months to process the permanent resident’s application. The application can be made by individuals who are under 50. In certain cases, it also opens for foreigners who have not been living in Singapore. Singapore PR schemes provide more information on this topic. People who can contribute to the economy and society of Singapore with their work, experience and skills are given top preference.
Advantages And Responsibilities Of PR
People, who get permanent residence, enjoy a host of facilities. PR status gives the main advantage of allowing the residents to live in Singapore without any visa restrictions. Blue card is given to you once you obtain the permanent resident status. With this card, you can travel within and out of the country as per your choice. PR status also gives some facilities to your spouse and children under 21 years age. They also enjoy similar status. Foreign parents of PR individuals are allowed to have long term visits in Singapore. The children of these individuals can choose from the schools of their choice. These children give higher priority because of the PR status and are ranked after other citizens. People without PR status are given least preference when it comes to choice of school and are left with no choice. Permanent residence also gives facilities regarding jobs. It allows individuals to change jobs without any work permit issues. Employment pass holders have to cancel their work visas if they want to switch employers. Permanent residence pass holders do not have to undergo this process.
They are free to change employers without any trouble. This makes it easy for them to grow in a career and make good progress. There are no limitations to growth and development once you are a permanent resident. You do not need to reapply for any other pass like in the case of Employment Pass. Central Provided Fund (CPF) Scheme is another benefit which can be enjoyed by people with permanent residence. Under this scheme, you and your employer contribute some amount as your retirement fund. This money is crucial in your livelihood post retirement and helps you in living an independent life at a later stage. This scheme is only for citizens and permanent residents of Singapore. This CPF is very important in healthcare, family protection, owning homes and other such reasons. It also helps you with tax relief. Permanent residence also helps in cases like applying for housing loans and buying a property.
Permanent residence also helps in opening doors to Singapore nationality. In case a person with permanent residence wants a Singapore citizenship, it helps the person in the process. The entire process may take time of about 2 years. It is the only way of obtaining the citizenship apart from being born in Singapore.
National service is the main obstruction for people with young kids to get a permanent residence. Under the Enlistment Act, all male Singapore citizens and permanent residents are liable to register for national service upon reaching 16 and a half years of age. They are made compulsory to serve for two years when they are 18. This is followed by 40 days of Operationally Ready National Service every year until they are 50, for officers, and 40, for other ranks. Every year, about 500 young men enter permanent residence and also agree on the national service. It is a very easy thing to do and does not cause much trouble for them. Permanent residents are only allowed to buy second-hand units of governments HDB flats. Only the citizens of Singapore are allowed to buy new flats. In spite of these facts, permanent residence offers useful benefits and services to the people. Singapore has many applicants for permanent residence and is increasing with each year. Singapore encourages foreign professionals to apply for permanent residence and have a contribution in the growth of Singapore.