Singapore PR Eligibility Requirements

Foreign professionals who are working in Singapore can apply under the Professionals/Technical Personnel & Skilled Worker scheme (or simply the "PTS scheme"). PTS is the most common route for obtaining Singapore PR. Nearly 90% of the people who obtain Singapore PR do so through it.

At the time of application, you must be working in Singapore, which means you must be on a visa which is known as Employment Passes or Entrepreneur Passes, Personalised Employment Passes, or S Passes.

PR Eligibility Conditions:

• You have an Employment Pass (EP), S Pass, Personalised Employment Pass, Entrepass, or any other new pass of higher status.
• It is also possible to include dependent pass holders in the PR application so that the whole family can apply together.

Students studying in Singapore have the option of applying for Singapore PR. In order to apply, foreign students must have resided in Singapore for at least two years, have passed at least one national exam, or are in an integrated program.

Eligibility:

• At the time of application you are residing in Singapore for more than two years while on student pass
• You must have successfully passed at least one Singapore national exam (PSLE or N' / O' / A' levels), or you are enrolled in IP.

Singapore's Global Investor Programme (GIP) is the preferred route for investors who wish to obtain permanent residency status for themselves and their families. As Asia's business epicenter, Singapore has received numerous accolades for being one of the best places to live, work, and play.

As a result, many high net-worth individuals (HNWIs) want to get Singapore permanent residency (PR) and settle with their families here. The GIP program is designed exactly for them.

PR Eligibility Conditions:

You are qualified to apply under the GIP program if you meet the following conditions:

• Applicants must provide evidence of at least 3-years of entrepreneurial and business track records. (The last three years' financial statements must be audited.)
• For Business Owners: The applicant must be currently running a company that had a turnover averaging at least S$200 million per year over the three years immediately preceding the application;
• For Next Generation Business Owners: In the year immediately preceding the application, the company's annual turnover must have been at least S$500 million, and it must have averaged at least S$500 million per year for the three preceding years;
• For Founder of Fast Growth Company: A founder and one of the largest individual shareholders of a company valued at at least S$500 million
• For Family Offices: Investable assets of at least S$200 million. These include bank deposits, capital market products, collective investment schemes, premiums paid on life insurance policies, and other investment products, excluding real estate.

GIP Investment Commitment:

Option A

• Investing in a new business entity or expanding an existing business operation. Must invest S$2.5 million to qualify for this option.
• You must submit a detailed five-year business or investment plan with projected Employment, expenditure, and financial projections. The business plan will be evaluated based on its feasibility, your role in growing the option A company, the business activities, and the creation of local jobs.
• Ideally, you should hold 30% or more shares in Option A and be involved in the company's management (e.g., C-suite, Board).

Option B

• Investing S$2.5 million, in a GIP-approved fund that invests in Singapore-based companies qualifies you for this option.
• An assessment of your application will be based on your future business or investment plans in Singapore, which may include details on the proposed business activities, the amount of investment, and the creation of local Employment.

Option C

• To qualify for this option, you must invest S$2.5 million in a Singapore-based single-family office with at least S$200 million in assets under management.
• A detailed five-year business plan with Employment and financial projections will be required. The business plan will be assessed based on your role in the single-family office, your family office functions, your proposed investment sectors, asset types, and geographical focus.