There are lots of benefits to being a permanent resident in Singapore. That is why we receive huge amounts of questions about the Singapore PR application process here at Haldiclev. If you are serious about enjoying Singapore permanent resident benefits, we recommend you seek for help with specialized Singapore PR application agency Dream Immigration.
Here are the 8 best benefits that you get if you become a SG permanent resident.
Firstly, Singapore is well known for its great educational system, both in the private international schools and government sectors. As a Singapore PR, you will be able to send your children to government or top public schools, which standards really are higher than private schools in most other countries. Priority for applications for student enrollment are given to citizens and permanent residents over others, on top of also lower school fees. Both are great wins for you and your children!
Secondly, SG is also known for having a stable environment both geographically from natural disasters as well as social problems like rioting and more. As a PR, you can get your immediate family members over to the country under a permanent residency as well or at least as a long term visit pass holder.
Thirdly, you get to waive many of the ridiculously high additional buyer stamp duties for property purchases in Singapore. With property prices already being sky high in SG, these significantly lowered stamp duties you get as one of the Singapore permanent resident benefits will help you save hundreds of thousands of dollars.
Fourthly, if you become a resident here, and live and work here, you get to enjoy among one of the world’s lowest personal tax rate system ever. If you dislike paying taxes, and want to pay as little personal income tax as humanly possible, then being in SG can help you achieve that.
Fifth of all, Singapore is also popular for being a business headquarter for many companies around the globe. In fact, many fintech and technology companies are incorporated in our country. Due to the many tax benefits for companies as well as incentives for companies, successful entrepreneurs worldwide like to incorporate in Singapore. However, if you are a permanent resident, your benefits go up a step further. There is even fewer regulations, and you need not have a local citizen as a representative or partner and such. Great news!
Sixth of all, despite the relatively high costs of living in the city-state, Singapore attracts lots of expatriates around the world to work in the country due to the many work opportunities it offers them. Recently, the local government decided to increase the salary requirements for some expats, however those only apply to foreigners, and not PRs or citizens. As a PR, you get to work in 99.99% of jobs open to full citizens, and you need not keep applying for work pass and more or changing them consistently if you ever change companies or jobs.
Seventh of all, medical infrastructure and healthcare in Singapore is among the best in the world. As a PR, you get to enjoy these good facilities, and even at subsidized rates in the unfortunate event if it is ever required! This is just good to know as a peace of mind.
Finally, it allows one to live indefinitely in the country, which is a good thing for many entrepreneurs looking to expand their business in the South East Asia region. This is because SG is a hotbed for entrepreneurs, and you being able to live carefree here while working on your business is a great advantage you get as a Singapore PR!