IntroductionSingapore may be the smallest country inSoutheast Asia but it has emerged as one ofthe best places to live in Asia with a very highquality of life measurement.
A Dream Destination!Singapore has achieved the American dream, but not in theAmerican way. It is a prosperous, clean city, with imposingskyscrapers and glittering shopping centers. Themultinational corporations of the world are welcome here;you can buy any brand name youve ever heard of. Thehighways are lined with tropical flowers and crowded withBMWs.
Reasons for moving to Singapore● Singapore is ranked #1 on the Worlds Easiest Place to Do Business● Singapores tax system is highly attractive owing to its low tax rates and tax incentive.● Quality of life in Singapore is comparable to Western nations.● The country is safe, environment friendly and cosmopolitan.
How to move to Singapore● Apply for a Visa. If you want to go for a holiday than you need a tourist visa, or if you want to work in the country, you need to obtain an employment pass.● Find out what are the visa requirements for the country.● Decide whether you will be working in the foreign country. If so, you may need a work visa.● Decide how you will fund everything for the move.● Learn all that you can about the country.● Check your eligibility.
Types of Singapore Visa● Singapore Employment Pass● Entrepreneur Pass● Personalised Employment Pass● Singapore Permanent Resident Visa● Dependent/ Long Term Visit Pass
Singapore Employment PassApplicants must:1. Be sponsored by a well-established company which isbased in Singapore;2. Have a monthly salary of at least S$3,000 or more3. Hold at least a diploma/degree* from a well-recognisedinstitutions; and/or4. Equipped with 3-5 years of professional workingexperience.
Entrepreneur PassKey Considering Factors:1. Does the applicant has a viable business plan?2. Do the applicant has S$50,000 as a paid-up capital for the new business?3. Is the applicant willing to spending S$100,000 for the first 12 months of thebusiness?4. Is the applicant willing to hire 2 local Singaporeans within the first 12months?
Personalised Employment PassPEP holders can generally take on employment in anysector.The eligibility requirements for PEP are more stringent thanthe Employment Pass.PEP holders must earn an annual fixed salary of at least$34,000 for each calendar year of the PEP.
Singapore Permanent Resident VisaThere are different kind of permanent residency scheme forforeigners to migration to Singapore:1. Skill-Migration scheme: This scheme is for foreignprofessional who are now working in Singapore with eligiblework passes (Employment Passes, PersonalisedEmployment Passes, EntrePasses, S-Passes).2. Global Investor Scheme: This scheme is for foreigninvestors with good business background and willing toinvest S$ 2.5 million in Singapore.3. FIS Scheme: This scheme is for foreign investors withNet Asset of S$20 million and willing to invest at least S$10 million in Singapore
Dependent/ Long Term Visit Pass● S Pass and Employment Pass (EP) holders need to earn a fixed monthly salary of at least $4,000 to sponsor the stay of their spouses and children here.● P1 Pass holders will no longer be able to bring in their parents-in-law. They may still bring in their parents, spouses and children.● P2 Pass holders will no longer be able to bring in their parents or parents-in-law. They may still bring in their spouses and children.
Singapore immigration laws have been constantly changing , seeking a professional’s advice can truly make a big difference inassessing your eligibility for any of the available visas.For more info visit: http://www.one-visa.com
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