Jan 09, 2025
Holding Company | Singapore Holding Company for Southeast Asia Expansion
Singapore holding companies stand out with multifaceted advantages, becoming an ideal option for businesses expanding overseas.
In recent years, Singapore has attracted global talent with its prime geographical location, advanced economic system, and high-quality living standards. However, as the demand for Singapore residency soars, various scams and misinformation have surfaced, causing many to fall victim. This article unravels these scams to help you gain a clear understanding of Singapore’s work visas and Permanent Resident (PR) application process.
These ads have drawn significant attention from individuals eager to migrate. Some even falsely claim that paying a specific fee guarantees PR approval within 48 hours. These tactics, often resembling pyramid schemes, have lured many unsuspecting individuals.
The Immigration & Checkpoints Authority (ICA) has repeatedly debunked such claims, emphasizing that the PR application process is strict and cannot be expedited. Yet, scams surrounding PR and work visa applications continue to persist.
While passing national exams and completing at least two years of study in Singapore are policy requirements related to PR eligibility, these conditions alone do not grant PR. Instead, they provide eligibility to apply for PR. Applicants must understand this distinction to avoid being misled.
Work permit / Employment Pass applications in Singapore must meet specific criteria, such as educational qualifications and work experience. PR applications require a holistic assessment, making it impossible to obtain approval through payment alone.
After understanding these scams, let’s explore the six official pathways to apply for PR in Singapore, as outlined by ICA:
(Source: ICA)
However, meeting these criteria only provides eligibility to apply. All applications undergo ICA’s rigorous evaluation. Beware of agencies that falsely promise guaranteed approvals.
In summary, applying for Singapore PR is a complex and stringent process. Applicants must thoroughly understand the various pathways, requirements, and procedures while staying vigilant to avoid scams. Following legitimate methods and staying informed are key to successfully obtaining Singapore PR.
If you have any questions about EP or GIP applications, feel free to contact us. We will promptly assign a professional to assist you, gain insights into your specific needs, and support your or your company’s steady growth in Singapore.