There are many advantages that you will enjoy if you have already obtained permanent resident status in Singapore. Not only will you thoroughly enjoy the sparkling scenes and alluring sounds in Singapore, but you will directly experience all the privileges granted to a Singapore citizen. You can travel to and out of Singapore as well, with ease and comfort and without visa restrictions, and your children will have priority access to the country’s public school system. If you are an employee, you receive a pension because the employer is required to make mandatory contributions to the employee pension system known as the Central Provident Fund Scheme (CPF). When you are in the middle of changing jobs, you do not need to obtain a new work visa if you do not. Your old visa expires yet.
Regardless of all of the above, you will not be the only person who can enjoy the benefits of obtaining permanent residence in Singapore. Once you have received this PR status, your spouse and unmarried children under the age of 21 will be eligible for this PR status while your foreign parents are eligible to apply for long residence visas.
Regarding financial benefits, a permanent resident of Singapore can quickly obtain a loan from various commercial and international banks to improve your lifestyles, such as a car loan or a housing loan. There are fewer public relations restrictions in Singapore rather than just an EntrePass work permit or holder when it comes to applying for personal loans.
The most desirable benefit obtained by obtaining permanent residency in Singapore is that it paves the way quickly for ultimate Singapore citizenship. It may take more than a year or two to issue Singapore citizenship finally, but gaining Singapore permanent status is still the only way to become a Singaporean citizen if you are not a natural citizen of Singapore. Learn how to apply Singapore pr and try your luck.
One of the concerns that other foreigners consider when applying for permanent residence or citizenship in Singapore is the compulsory military service required for every male citizen and permanent resident.
Despite this slight bump, the number of people applying for permanent residence in Singapore increases every year. Perhaps this is because they realize that compulsory military service for male individuals is a slight disadvantage compared to the additional benefits and new rights that they can enjoy and benefit from when they become permanent residents of Singapore.
The Singapore government is very friendly and accommodates the arrival of professionals and other foreigners who are able to make a positive contribution to the country’s development and economy. There are many permanent residency schemes in place to help you obtain permanent residency in Singapore by means most relevant to your situation.