Singapore is known as a hub of businesses and especially trading. People from all around the world apply for citizenship and immigration in Singapore because this country is economically rich and there you will find everything you want to succeed in business. There are various reasons why people are so enthralled with the idea of becoming a Singapore citizen but for now, we will focus on the basic things that you need to know about business immigration to Singapore.
If you are someone who is struggling to gain PR or citizenship status in Singapore then you can research Singapore immigration solutions and this article will also be useful too. Make sure you take notes of what we are about to tell you.
- You become eligible for Singapore PR status only if you are a work pass holder. To elaborate, you need to hold a personalized employment pass, EntrePass or S Pass to fulfill the criteria of applying for Singapore PR.
- Singapore was built on immigration and diversity and in the past few years it was very easy for people to get citizenship. It is not the same anymore and thousands of PR applications get rejected every month. The reason behind the strictness is that the government has started listening to the Singaporeans that complain that foreigners have started taking their jobs.
- In order to become a permanent resident in this country, you will have to wait for at least 2 years. For the first year, you will have to live in Singapore as a resident on a work pass and then you can apply for citizenship. All the paperwork will take almost 7 to 8 years to complete in order to be granted permanent residency.
- Getting PR is becoming tougher with each passing day because the government is now keeping a strict check on all the applicants, their volunteer work, their tax records and other key factors in order to grant the status of PR.
In short, you have to be very lucky to be able to attain permanent citizenship in Singapore. On the other hand, if you think that you cannot face the fear of PR rejection then there are other ways that can aid you in becoming a Singaporean resident.
GLOBAL INVESTOR PROGRAM
If you are someone who has a big figure when it comes to net worth then you can use the Global Investors Program to become a resident of Singapore. The reason behind this is that the government of Singapore allows in those who are expected to bring thousands of dollars to the country or who have businesses that are bringing in as much as $50 million every year. This is one way that can help you to get citizenship, as the government welcomes those who have high net worths.
SINGAPORE ENTRY PASS
It is difficult to get this pass but if you are someone who is ready to open a company in Singapore and hire two or three employees then you can use this technique to get into Singapore. This method is comparatively tough and you will require some capital funding from a state university or a short list of approved financiers in order to qualify for the EntrePass.
It is difficult to enter Singapore as a PR but again, if you have something big to offer to the government of Singapore then it is possible!
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