Singapore: A Dream Destination

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Singapore- A Dream

• Destination

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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.

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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.

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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.

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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.

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Types of Singapore Visa

• Singapore Employment Pass
• Entrepreneur Pass
• Personalised Employment Pass
• Singapore Permanent Resident Visa
• Dependent/ Long Term Visit Pass

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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 S3,000 or
  more
• 3. Hold at least a diploma/degree from a
  well-recognised institutions and/or
• 4. Equipped with 3-5 years of professional
  working experience.

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Entrepreneur Pass

• Key Considering Factors
• 1. Does the applicant has a viable business plan?
• 2. Do the applicant has S50,000 as a paid-up
  capital for the new business?
• 3. Is the applicant willing to spending S100,000
  for the first 12 months of the business?
• 4. Is the applicant willing to hire 2 local
  Singaporeans within the first 12 months?

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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.

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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 S20 million and
  willing to invest at least S 10 million in
  Singapore

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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.

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• Singapore immigration laws have been constantly
  changing , seeking a professionals 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