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- 1. VISA APPROVAL Anton Laus AntonJavier Myrthelle Velasco
- 2. SINGAPORE TARGET COUNTRY: GDP:297.9 BILLION USD IN 2013 POPULATION: 5.399 MILLION IN 2013 Singapore is rated #1 in the world by World Bank for ease of doing business Singapore is ranked the third wealthiest nation in the world by Forbes magazine. Singapore has been ranked as the third most globalized economy among 60 of the world’s largest economies in the recently released Ernst and Young 2011 Globalization Index Singapore is rated #1 as the most politically stable country in Asia Singapore is rated #1 as the best labor force in the world Singapore is rated #1 in Asia for quality of life
- 3. INDUSTRY OVERVIEW 29% 0% 71% Manufacturing Agriculture Services Highlydependent on imports Its economy is driven by electronics manufacturing and financial services
- 4. CENTRAL REGION CENTRALIZEDAREA MAKES IT ATTRACTIVETO BOTH WORKING PROFESSIONALS AND STUDENTS 335,400 RESIDENTIAL HOUSING UNITS FOCUS
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- 7. MODE OF SUPPLY MOVEMENTOF NATURAL PERSONS
- 8. LATE LIFERS TARGET MARKET AGES 60 and above Recorded population in 2013 is 642,000 Known as the “Late-lifers” Expected to rise to 743,000 in year 2016 Estimated to grow to about
- 9. DECREASE IN BIRTHRATES AND INCREASE OF THE ELDERLY
- 10. CHANGE IN LIFEEXPECTANCY Singapore’s life expectancy has increased by 10 years over the last 3 decades: 72 years in 1980 to 82 years in 2011 At current fertility and immigration rates, Singapore will have more citizens in the older age group in 2030 http://www.nptd.gov.sg/portals/0/news/OP- Projection%20of%20foreign%20manpower%20demand%20for%20 healthcare%20sector%20construction%20workers%20and%20forei gn%20domestic%20workers.pdf
- 12. At currentfertility and immigration rates, the median age of the citizen population will increase from 39 years in 2011 to 45 years in 2030 The number of elderly aged 65 years and above will increase from 340,000 (10%) in 2011 to 900,000 (24%) in 2030 In particular, the number of citizens aged 80 years and above who will require more care and support will increase from 70,000 in 2011 to 210,000 in 2030. We anticipate an increasing demand Anticipate an increasing demand of healthcare and caregiving support for the elderly
- 13. Due todeclining fertility rate, the elderly of tomorrow will have fewer children to care for them compared to elderly of today More singles and more elderly projected to be living alone in 2030 Number of elderly citizens living alone increased from 6,000 in 1990 to 29,000 in 2011 and may reach 92,000 by 2030 There will be a need for more community and home-based care to support the needs of the elderly
- 14. INCOME BY AGEGROUP
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- 17. REQUIREMENTS TO ESTABLISHA BUSINESS 1. You must engage a professional firm to register a Singapore company. Singapore law does not allow foreign individuals or entities to self-register a company. 2. There is no requirement for you to obtain any special Singapore visa if you merely want to incorporate a private limited company but have no plans to relocate to Singapore. You are free to operate your company from overseas as well as free to visit Singapore on a visitor visa whenever required to attend to company matters on a short-term basis. 3. If you plan to relocate to Singapore to operate your company, you are required to obtain an Employment Pass or Entrepreneur Pass type of work pass. 4. All Singapore company incorporation formalities (as well as work permit formalities, if applicable) can be handled without you having to visit Singapore. The only exception may be opening a bank account, depending upon the bank you choose.
- 18. ENTREPASS 1. You wishto establish a business in Singapore and relocate to Singapore to run it. The proposed business idea must be entrepreneurial and innovative in nature, and able to create local employment. 2. You have an entrepreneurial and/or relevant background. 3. You plan to register your business as a Singapore private limited company and not as a sole proprietorship or partnership. 4. You have not yet incorporated your company, or the company is not more than six months old at the time of EntrePass application. 5. You plan to have at least 30% shareholding in the proposed business. 6. The company will have a minimum paid-up capital of S$50,000. You are sponsored by a well-established Singapore-registered company or are able to furnish a Banker’s Guarantee of $3,000 issued by a Singapore-based bank upon approval of application.
- 19. REQUIREMENTS FOR AE-PASS Aside from the minimum salary, the applicant’s educational qualifications and work experience are also key considerations for the MOM in granting the EP. A tertiary degree from a reputable university and relevant professional experience is important. Applicants should be educationally qualified with qualifications from reputable institutions The minimum salary requirement of S$3,300 is typically applicable to fresh graduates from good quality educational institutions; whereas older applicants who are experienced will need to command higher salaries in order to qualify. There is no official quota system. Each application is reviewed by authorities based on the credentials of the employing company and the applicant.
- 20. REQUIREMENTS FOR ACAREGIVER LICENSE You need to be older than 23 You need to be service oriented, genuinely interested in caring for an elderly or a sick client You need to be in good health
- 21. REFERENCES http://www.statista.com/ http://articles.economictimes.indiatimes.com/2012-11- 12/news/35067133_1_foreign-workers-foreign-maids-healthcare- sector http://www.portal.euromonitor.com/portal/analysis/tab https://www.edb.gov.sg/content/edb/en/industries/industries/healthcar e.html http://www.guidemesingapore.com/incorporation/introduction/singapo re-incorporation-advantages http://population.sg/engagement/townhall/opening- address/#.VP1X2oGUc4Q http://www.ask.com/geography/filipinos-known-hospitable- be883554ddaaa2e8#full-answer