Singapore- A Dream

Destination

Introduction

Singapore may be the smallest country in Southeast Asia but it has emerged as one of the best places to live in Asia with a very high quality of life measurement.

A Dream Destination!

Singapore has achieved the American dream, but not in the American way. It is a prosperous, clean city, with imposing skyscrapers and glittering shopping centers. The multinational corporations of the world are welcome here; you can buy any brand name you've ever heard of. The highways are lined with tropical flowers and crowded with BMWs.

Reasons for moving to Singapore

● Singapore is ranked #1 on the 'World's Easiest Place to Do Business'

● Singapore's 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 Pass

Applicants must:1. Be sponsored by a well-established company which is based in Singapore;2. Have a monthly salary of at least S$3,000 or more3. Hold at least a diploma/degree* from a well-recognised institutions; and/or4. Equipped with 3-5 years of professional working experience.

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 the business?4. Is the applicant willing to hire 2 local Singaporeans within the first 12 months?

Personalised Employment Pass

PEP holders can generally take on employment in any sector. The eligibility requirements for PEP are more stringent than the 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 Visa

There are different kind of permanent residency scheme for foreigners to migration to Singapore:1. Skill-Migration scheme: This scheme is for foreign professional who are now working in Singapore with eligible work passes (Employment Passes, Personalised Employment Passes, EntrePasses, S-Passes).2. Global Investor Scheme: This scheme is for foreign investors with good business background and willing to invest S$ 2.5 million in Singapore.3. FIS Scheme: This scheme is for foreign investors with Net 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 in assessing your eligibility for any of the available

visas.

For more info visit: http://www.one-visa.com