Singapore is considered as one of the best places in the world to live in due to its excellent infrastructure and public services. It is also known as the City in the Garden with its plentiful greenery and its fame for safety.
There are a few ways to apply for permanent residency.
Global Investors Programme
This program is designed for entrepreneurs and investors who invest S$2.5 million in Singapore. The investments can be in the form of a new business or expanding an existing one, or in an approved fund that invests in Singapore-based companies. Applicants must have a successful entrepreneurial background and own at least 30% of a company with revenues exceeding S$50 million on average for the past 3 years.
Professional, Technical Personnel and Skilled Workers Scheme (PTS)
This is applicable to employment pass holders who have worked and stayed 1 year in Singapore. There is no requirement for substantial investment and once permanent residency is obtained, the employment pass will no longer be required. This is a popular option avenue for professionals and skilled staff individuals.