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Permanent Residence (PR) is a migration solution that enables foreign employees and entrepreneurs to stay in SG indefinitely and enjoy freedoms and perks the citizens have: freedom for business and employment, Central Provident fund, better education, more affordable healthcare, and so on. Obtaining the Singapore permanent residence visa is the ultimate goal for most holders of the Employment Pass/S Pass/EntrePass. Each visa holder can claim the PR status in due time. Benefits and Features of Singapore Permanent Residence Visa- The Singapore PR visa can be renewed.
- A holder of every work visa has his/her own appropriate time for the PR application.
- The PR application must be submitted during an appointment with the approving authority (ICA).
- The application process for Singapore PR takes 6 months.
Advantages of Singapore PR Visa- The Singapore PR makes the foreigner’s stay in the country absolutely legal and free of any visa restrictions.
- Singapore PR visa holders can travel in and out of the country without any hassle.
- PR don’t need a work pass for working in the country; they can freely switch over to new employers the same as citizens.
- Permanent residents can pursue the Singapore PR visa for their spouses, kids, and parents.
- SPR have more freedom in investing and growing a business.
- PR visa holders are allowed to buy more forms of property (for example, HDB flats – affordable public housing).
- SPR and their children can study in subsidized governmental educational institutions.
- Permanent residents can build up their Central Provident Fund that covers their needs in healthcare, pension, education, purchasing of property, investment, and so on.
- Holders of PR visa can get a subsidy on medical bills in governmental clinics.
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