After two years of working and living in Singapore, many people can finally apply for Singapore Permanent Resident (PR) status, and officially bid farewell to the identity label of "non-local residents".

After obtaining PR status, you can enjoy many rights and benefits second only to citizens, covering housing, medical care, education and social security, and improve your quality of life.

Today, Xiaoxing will analyze the many benefits of Singapore PR status for you.

01

Have more options

Even if you become a PR, the applicant can still retain his or her original nationality, enjoy the right to retain and choose dual identities, and it is more convenient to enter and exit.

In addition, PR has the right to apply for PR status for his or her spouse and children under the age of 21. However, children born to Singapore citizens and PRs are automatically granted Singaporean nationality at birth.

02

Buying a house is more favorable

In Singapore, foreigners are limited to buying some private residences, and the first house must pay up to 60% buyer's stamp duty (unless they meet specific exemption conditions).

Once you become a PR, you can buy affordable resale HDB flats and apartments provided by the government. More importantly, PRs only need to pay 5% buyer's stamp duty when buying their first home.

Obviously, PRs can save a lot of money on home purchases. Therefore, many friends start to consider buying a home for their own use in Singapore after obtaining PR status.

03

More job opportunities

The Singapore government has restrictions on the number of foreign employees that companies can recruit, and many jobs are only open to PRs and citizens.

At the same time, if EP holders lose their jobs or change employers, they must reapply for a new employment pass and renew it after it expires.

Once you become a PR, these restrictions will no longer be an obstacle, and job seekers can freely look for jobs like locals and have more freedom of choice (some government positions cannot be applied for).

04

Children's education advantages

To protect the educational rights of local residents, public schools in Singapore will give priority to Singapore citizens and permanent residents before considering international students.

In addition, PR students can also enjoy a series of preferential policies provided by the government, such as tuition discounts, scholarships, grants, etc.

05

Retirement is guaranteed

If you only work in Singapore without holding PR status, you cannot enjoy Singapore's provident fund benefits, and it is difficult to realize retirement planning in Singapore.

Once you hold PR status, you can enjoy the protection brought by the Central Provident Fund system. This is a social security system established by the Singapore government for Singapore citizens and permanent residents since 1955 to assist them in saving for retirement.

In addition, provident fund savings can also be used for housing, medical care and some insurance.

If you have the intention to work in Singapore, or have the need to apply for Singapore PR status, please contact Xingyunhai International, we will provide you with a tailor-made exclusive plan.