Hi everyone! This is my first post. Ever since I moved to Singapore in 1999 as a teenager along with my parents, I have since become a permanent resident in this beautiful Lion city ever since. In this article, I will share with you some of the greatest benefits I have found that you too, can enjoy if you are a Singapore PR too!
If you want an easier path to becoming a Singapore permanent resident, I would recommend that on top of getting a high and stable salary, to also be a grassroots volunteer in Singapore!
Benefits of being a Singapore PR
Before migrating over, you are definitely curious about what is in it for you! Here are some of the benefits that you will experience being a Singapore permanent resident, just like I did!
Beautiful and safe city
Oftentimes used in many movies depicting wealth, luxury and greenery all at the same time, Singapore definitely looks like the picture of Utopia.
Low crime rates
Man or woman, young or old, you will definitely feel safe moving around Singapore regardless of what time it is or place. With good police regulations, people who came from high crime rate cities always feel safer in Singapore.
This is also one of the reasons why many extremely wealthy people live here – it is safe and spending on personal security can be reduced drastically.
Mostly wealthy expats
Due to PR schemes such as the Global Investor Programme, which allows for wealthy people to invest in approved funds or local businesses in Singapore as a gateway to eventual permanent residence and citizenship, lots of wealthy people are flocking to Singapore.
Access to good healthcare
Due to the good medical and hospital infrastructure in Singapore, as a permanent resident, you get to enjoy both a high level of service, and sometimes also subsidized rates because you are a PR. It is rare to find this level of medical competence at such rates in most other countries around the world!
Of course, no one wants to go to the doctor if possible at all, ever. However, this is a good benefit for you as a form of healthcare in the unfortunate event you require.
Several good schools throughout Singapore
As a permanent resident in Singapore, you will be able to easily send your children to many local schools, among which there are definitely some very prestigious and top schools. They are schools like Raffles Institution and Hwa Chong – which are the equivalent of top private schools in Western countries, yet they cost the same as public schools as they are still considered public schools.
Singapore is a good headquarter location for business expansion in Asia
Many business people also take on a PR in Singapore so that they can make use of the country easily as a headquarters to set up their business, leverage the local tax benefits, which is among the best in the world. Geographically, it is also one of the ideal locations that businessmen or businesswomen can use as a springboard to other countries in Asia! Additionally, Singapore is an English speaking country, so it is easy for many of us from Western countries to settle down in SG!
You can buy landed properties in Singapore as a permanent resident
Foreigners will need to apply for permission to purchase to the Singapore Land Authority for such potential purchases, as well as investments. On top of that, foreigners will need to pay very hefty property taxes in the form of additional buyer stamp duties.
However, if you are a permanent resident in Singapore, you can just buy these properties, and without the same hefty additional buyer stamp duties!