At present, thousands of Chinese people apply to move overseas every year, and more and more people like to immigrate to Singapore. Compared with most countries with very high immigrant popularity, Singapore may be a relatively low-key country, but it is loved by many Chinese people.
Singapore has always been known for its economic development and social stability, and is one of the four major financial centers in the world. A stable political environment, sound laws and regulations, and a superior strategic position in Asia-Pacific region make Singapore an ideal place to create wealth.
As the most developed, secure and economically vibrant country in the world, Singapore permanent residence has always been highly valued. Now we will introduce some of the main benefits of immigrating to Singapore.
Convenient transportation, first world facilities and efficient teams
As a country with scarce natural resources, the Singapore government has made a large investment in human capital and infrastructure. In a recent survey by World Bank , it was found that Singapore entrepreneurs can open their business in less than three days, get electricity in 31 days, and import containers in 4 days, all of which prove Singapore’s efficient and solid infrastructure.
Similarly, because of the small land area, it is more expensive to buy cars in Singapore, but Singapore does not have the trouble of long traffic congestion. In fact, Singapore's public transportation system has been recognized as one of the most cost-effective transportation systems in the world.
In Singapore, the public transportation network is based on the 83-kilometer subway line, more than 240 bus lines and light rail lines, and more than 3,800 stations are the links. Each station must have a car arrive every 15 minutes. It cannot be more than 1 minute early and 2 minutes late. Any resident who walks out of his home and reaches a "stop" within 400 meters will definitely reach a "stop". It is this well-connected public transportation network that supports Singapore's traffic control but does not affect travel. In the case of inconvenient travel, the more people use public transportation, the fewer the number of motor vehicles will run on the road, forming a virtuous cycle to ensure smooth roads.
It is worth noting that in the "2013-2014 Global Competitiveness Report", Singapore ranks second in the best labor-management relations. Singapore’s deeply rooted elite management system has formed a work culture that values productivity, efficiency and hard work in interpersonal relationships, networks and social contexts.
Provident Fund – Flexible Pension System
Singapore has a Central Provident Fund ("CPF") system, and Singapore's permanent residents and citizens and their employers must contribute to this. After payment with provident fund, taxable income will be reduced because the tax amount is calculated after deducting the provident fund from the salary. Using provident fund, you can save a lot of money from the lower taxable income .
Singapore Permanent Resident Provident Fund, and also reminds: The provident fund ratio is slightly higher in the first two years of Singapore’s new permanent residents.
Although the provident fund seemed to have been "locked out of the door" until the age of 55, the provident fund can still be used to purchase certain large air tickets, such as property purchases, medical expenses, education and investments in specific funds . The interest rates provided by the Provident Fund Bureau are also very competitive, with an annual interest rate of 2.50% for ordinary accounts and a 4.00% for special and health savings. Please rest assured that if you want to give up your permanent residence status, you can withdraw provident fund.
Ideal business environment for creating wealth
Singapore is an ideal place for creating wealth. It only takes a few days to set up a company in Singapore, and the government will assist in this process. This makes Singapore one of the easiest destinations in the world to start and manage business. Due to this business-friendly environment, Singapore is able to attract foreign investment and entrepreneurs.
Given Singapore's strategic location in the Asia-Pacific region, Singapore has been regarded by many multinational companies (MNC) as an ideal launch platform for its regional headquarters. This inevitably opens up more opportunities for the permanent working population to leverage and expand their abilities.
In addition, the Singapore government has always pursued commerce and has spent 46% of its development expenditure on economic development, followed by social development (36.7%) and transportation (35.8%) in the third quarter of 2014. Whether it is a sole proprietorship or a small and medium-sized enterprise, the large amount of government subsidies and subsidies provided by the government have greatly reduced the burden on many emerging entrepreneurs.
As a permanent resident of Singapore, there are few rules and restrictions that prevent you from doing your own business. For example, the employment pass holder will not be able to become a sole proprietor of the company.
More job opportunities
The unemployment rate in Singapore has been very low, and the Ministry of Human Resources (MOM) has formulated many regulations to ensure priority is given to Singapore citizens and permanent residents, so the unemployment rate has been very low.
To ensure that the workforce is composed of the core of residents, the government has been advocating and promoting employers to adopt more flexible work arrangements to attract more women and older workers. In addition, the Ministry of Social and Family Development (“MSF”) and the Immigration and Checkpoints Authority (“ICA”) recently announced that it is easier to find a job by a spouse of Singapore citizens and permanent residents applying for and successfully obtaining a long-term access pass (“LTVP”)”.
The added benefit of becoming PR is that job-changing is also less painful. As an employment pass holder, any changes to employers mean that you will have to cancel your current employment pass and wait for the next employer to obtain the approval of a new employment pass. It is not uncommon to hear unsatisfied former employers deliberately delay canceling the formalities, resulting in some job-changing employment pass holders being forced to leave Singapore and return after the new employment pass is approved. This can lead to valuable time and money loss.
Social Security Stability
I believe that no one is willing to live and work in a country with an unstable political environment. Therefore, whether the political stability of the immigration destination is an important factor that everyone should consider. Everyone hopes that the immigrant country they choose can achieve social stability, good law and order, and harmonious living conditions. Singapore has made great efforts in social security and achieved good results. According to relevant statistics, Singapore's crime rate is very low, and it will even be rated as the world's first safe country. It can be seen that Singapore's social stability has been recognized by the whole world, and your personal and property safety is effectively guaranteed here.
Quality educational resources
Quality educational resources
html l0 Education is a very important consideration. For most parents, they hope that their children will have a happy life and succeed in their career development. Therefore, they have invested a lot of energy and money in their children's education. However, domestic education does not seem to meet their needs. They hope to find a country with better education. At this time, Singapore should be a good choice. The Singapore education system is globally renowned and has many high-quality educational resources. It is easier to apply to some internationally renowned universities in Singapore, so it is more helpful for children's learning.
Good living environment
Speaking of living environment, many people may think that Singapore's society is very stable and suitable for life. Of course, not only that, Singapore is a International Garden City , mainly because the vegetation coverage rate in this country exceeds 70%, which is unmatched by any country. In this case, the natural environment is very pleasant and the environmental quality is also good. At the same time, there is no severe winter here, so many people want to live in Singapore.
Genuine location
Singapore is located in the center of Southeast Asia. Starting a business here will allow you to reach a market of 2.8 billion people. Singapore is also one of the busiest ports in the world. Nearly 15 million people pass through its gates every year. In fact, Singapore has been rated as the "world's best airport" for 20 consecutive years. This city-state is also an important location in the Asia-Pacific region. In Singapore, businesses can easily access all major markets in Asia.
High-quality life
Many foreigners who want to start a business in Singapore want to immigrate with their families. Quality of life is a matter that needs to be considered. Foreigners will find Singapore provides high-quality living for residents. This city-state has efficient public and private transportation. It has an advanced medical system, a good school, a safe living environment and a strong corporate support system. In addition, Singapore has a variety of cultures.
Advantage of permanent residence in Singapore
Singapore permanent residents can apply for a passport as long as they live in Singapore for one year within two years. They are one of the fastest naturalization countries among developed countries.
In April this year, the ranking of the world's strongest passports in 2021 was released. Singapore ranked second for the second consecutive year. In the past 10 years, Singapore's passport value status has never exceeded the top ten.
Holding a Singapore passport can be visa-free in 192 destinations, freely pass through the United States, Canada, Japan, and many other countries such as EU , and Singaporean citizens can enter mainland China without visa.
The number one Japan, which ranks only 1 visa-free destination than Singapore. The value of passports also represents to some extent the economic and strength development of the country or region.
For business people, this visa-free status advantage can greatly save time and travel around the world will be very convenient.
