Today, let's delve into the top five perks of becoming a Singapore Permanent Resident (PR). After reading this, you'll understand why the PR approval rate is low, yet many persist in trying. Because being a PR is simply too enticing!
1. Child Education
Singapore's public preschools and government schools boast superior quality education, but slots are highly competitive. Government schools prioritize citizens and PRs, ensuring PRs need not worry about securing school placements. Moreover, PRs enjoy significant tuition fee discounts ranging from $600 to $1500 monthly compared to work pass holders.
2. Housing Benefits
PRs meeting certain criteria can purchase government housing (HDB flats). Work pass holders can only buy private apartments and face additional stamp duties. For instance, for a $1 million apartment, PRs pay $50,000 in stamp duty, while foreign buyers pay $600,000.
3. Employment Opportunities
With PR status, individuals are no longer restricted by their employer and can freely switch jobs in Singapore. Additionally, since the government mandates a ratio of PRs to foreign employees in companies, PRs face no quotas, levy restrictions, or salary thresholds, expanding their job options.
4. Healthcare Benefits
PRs enjoy various government healthcare subsidies and policies, including lifetime health insurance (Medishield Life). They can utilize their CPF Medisave accounts to cover partial hospitalization and surgery costs, crucial in Singapore where healthcare expenses are high.
5. Residency Privileges
Upon attaining PR status, individuals can sponsor visas for family and apply for permanent residency for spouses and children under 21. They can also apply for Long-Term Visit Pass Plus (LTVP+) for their parents, allowing families to reunite in Singapore. Additionally, PRs can apply for citizenship, becoming Singaporean citizens and gaining access to visa-free travel to 192 countries.
Singapore Skyline Business, a duly registered business entity with the Singapore Ministry of Manpower, offers a wide range of services including translation notarization, work pass applications, PR applications, citizenship applications, study abroad assistance, and real estate agency services. With our wealth of experience in PR and citizenship applications and a track record of numerous successful cases, if you require assistance with your PR application, please don't hesitate to contact us using the following methods. Get in touch with us today to kick start your PR journey!