Asiabizservices Discusses Singapore Permanent Residency Schemes 

by Steph Kidman Thursday, April 14, 2011
Singapore, with its clean and green environment, low crime rate, high standard of living, political stability and perpetual growth opportunities has lured many foreigners to seek Permanent Residence (PR) status in the city state. There are various schemes which a foreigner may successfully qualify for a PR status in Singapore.

Asiabiz Services, a business solutions creator and business process provider reveals there are four ways to apply for Singapore permanent residence. These schemes are PTS, GIP, FIS, and FA.

“The PTS scheme refers to the Professional, Technical Personnel and Skilled Worker. It is also considered to be the most effective and easiest scheme,” assures Asiabiz Services, “Belonging to this strategy are those who are holders of Employment pass, Entrepreneur pass, S pass, and Dependant pass.”

The indicators that the Immigration and Checkpoints Authority of Singapore include the applicant’s age, employment history including the current employment, personal interests and pursuits, family ties in Singapore, salary background, educational background and credentials of current employer.

A scheme exclusive for investors is the GIP or Global Investors Program.

Says Asiabiz: “The GIP scheme is created by Singapore Economic Development Board for the purpose of attracting more foreign investments. Within this scheme, the investors may choose to invest in several industries like the environmental technology, biomedical sciences, education, media, engineering, and information communications.”

Those who seek for business expansion may invest S$1 million, while those who aspire for GIP-approved funds will invest S$1.5 million, and if they desire to purchase residential property, they should invest S$2 million.

“During the application, applicants shall submit an Investment Plan highlighting the venture or how the funds are invested. Upon thorough assessment, the Singapore Economic Development Board shall approve the application,” says Asiabiz.

Moving on, the FIS refers to Financial Investors. These are the investments for Ultra High Net Worth.

“Launched by the Monetary Authority of Singapore, the FIS Ultra High Net Worth Individuals and their families to become permanent residents for them to enjoy the financial services and high standards of living in Singapore,” remarks Asiabiz.

The minimum net personal asset is set at S$2o million. At least half of it can be booked and managed in a designated bank account for 5 consecutive years. Withdrawal is limited to the interest income, capital gains, and dividend income.

The FA scheme is for foreign talents, specifically, the artists, thus the Foreign Artist scheme.

“Singapore has a penchant for foreign artist talent. The FA scheme is a collaborative initiative of the National Arts Council and Immigration and Checkpoints Authority of Singapore to attract foreign artists endowed with exceptional talents to immigrate in Singapore,” beams Asiabiz.

The application under this scheme is based on the art educational background and qualification of the applicant, awards and honorary achievement in the art field, and craft and art media must b in the field of photography, dance, music, theatre, literature, and film.

Asiabiz is an immigration specialist. Its team of professionals has helped thousands of foreigners in their immigration needs and Singapore work visas.

About the Publisher:
Asiabizservices offers one-stop business solutions to companies, particularly, those that are managed and owned by foreign investors. Since its inception, Asiabizservices has successfully helped foreign entrepreneurs form a Singapore company. Among its specializations are Singapore company setup, corporate services, accounting services, nominee services, company registration, whether as a sole proprietorship, private limited, limited liability partnership; offshore company formation, incorporation of foreign companies either as a branch or subsidiary office, accounting services including payroll preparation and more.

Asiabizservices is the leading provider of Singapore Company Incorporation services and has successfully helped thousands of both local and foreign entrepreneurs Incorporate a Singapore Company. It also provides chartered secretarial services.

For more information, visit:
Asiabiz Services Pte Ltd (see location map)
120 Telok Ayer Street
Singapore 068589
Phone: (+65) 6303 4614
Fax: (+65) 6303 2670

Asiabiz Services is a business solutions and processes provider based in Singapore. It reaches out to companies, employees, and individuals in all their business needs and requirements. Asiabizservices offers affordable Singapore company registration services

0    submitted by Steph Kidman
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