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Commentary - Pilot programme to facilitate access to talent and support growth of Singapore's technology ecosystem

 

The Economic Development Board (EDB) and Enterprise Singapore laid out plans to pilot Tech@SG, a targeted programme to help grow technology companies in Singapore and expand regionally.

The sectors in focus includes those in digital, medtech, biotech, cleantech, agritech and fintech where professionals equipped with skills in frontier technology, such as Data Science, Artificial Intelligence, Cybersecurity and Internet of Things will be in high demand.

In lieu of of such specific talent requirements, how does this affect the Singapore PR and Citizenship application landscape?

Commentary - Don't consider only salary when granting PR status

 

In a forum letter posting in the Straits Times, a foreigner-Singaporean couple expressed their frustrations over the elusive nature of securing a Long-Term Visit Pass and/or a Singapore Permanent Residence over multiple attempts.

They further cited that they hope for the authorities, the Immigration & Checkpoints Authority of Singapore (ICA) to consider various other factors on top of monthly salary and income. Like them, many of the clients we meet on a daily basis unfortunately also have this 'false understanding' of actual evaluation criteria.

Singapore PR Application Approvals - Mid-2019 Stocktaking

 

We have come to the midpoint of 2019 and looking back, the first 6 months of the year has been eventful for IASG and our clients. As at end June, we have seen a record number of PR and Citizenship approvals in the firm compared to the year before, with a large portion of approvals coming from our Indian clients as well.

This came as a surprise, considering the highly competitive quotas available for Indian applicants. We also note that there have been increased approvals for applicants with certain specific skill-sets from the few industry and sectors mapped for growth and talent development. They include, but not limited to applicants from the Information Technology, Banking & Finance, as well as Engineering industries to name a  few.

While the Singapore Government reviews all cases holistically, we can also attribute the success we bring for our clients down to a few key factors:

1) We put considerable time understanding each of our customer profile

2) We invest emphatically on research in relation to understanding Singapore's short, middle, and long term economic and talent requirement - which is detrimental to strategizing each application

 

How to Evaluate Your Chances of Getting PR in Singapore?

 

 

Step 1 – Understand Annual Quotas and Selective Immigration Policy

With approximately 30,000 quotas annually set aside for new Singapore Permanent Residences, the Singapore Government adopts highly stringent yet strategic sets of parameters in evaluating potential candidates for approval.

These parameters are reviewed holistically and there is no single parameter that is more important than another – contrary to popular belief that the Singapore Government only evaluates applicants based on their income ceiling.

Singapore’s Selective Immigration policy is built on a firm notion that views immigrants not only as a booster for the local workforce but also as a solution to address our rapidly ageing population. While the government has put in place policies aimed at increasing our birth rates, at present, Singapore remains open to controlled immigration in order to fill the population gaps, as documented in the Population White Paper.

Singapore : Celebrating Progress Through Diversity

 

 

With the euphoria of Singapore's recent bicentennial commemorative S$20 note dying down, we can take a step back and reflect on the luminaries who made modern Singapore what it is today.  These individuals displayed resolute strength and grit to carve out a better life for themselves and their families. Interestingly, they all had one thing in common - all were immigrants.

Be it for commerce or cultural exchanges, Singapore's geographic locality and safe harbour has contributed much to her growth. Throughout time, Singapore has always been the port of call in the region. Today, it still is. 

As of June 2018, close to 40% of residents in Singapore are foreigners. With a country that does not have natural resources, Singapore has to look to human capital to propel its economic engine forward - and that is exactly what the Selective Immigration policy is set out to do - to get the right profiles of candidates in via Permanent Residence or Citizenship.

Singapore : Rethinking Immigration

 

 

We are at the mid-point of 2019 and one of the top client concerns we face as an inbound-Singapore immigration firm is whether the Singapore Government has slowed down or perhaps ceased issuing Singapore PR / Citizenship approvals.

Having heard many negative news from their peers and friends, we could not blame them.

 

What we can learn from Britain, U.S and Japan
As Immigration professionals, we infer to lessons which enforces what the Singapore government has planned well in advance.

The post-brexit vote from 2016 caused a sudden and forced reduction in Britain’s migrant worker numbers – becoming a cause for concern. The International Monetary Fund (IMF) then concluded in a report that advanced economies such as Britain, the US and Japan may risk being overwhelmed by their ageing populations, should they not be flexible to immigration.

With a low birth rate thrown into the mix, it is no different for Singapore. How then would this impact existing Singapore PR / Citizenship applicants?

 

 

Singapore : World’s Most Competitive Economy

 

 

[COMMENTARY]

Singapore mark's its return to the top spot for Global Economic Competitiveness since 2010.  In this yearly rankings of 63 economies by Swiss-based research group IMD World Competitiveness Centre, Singapore's strength lies in its implementation of efficient and advanced technological infrastructure, the availability of skilled labour, favourable immigration laws and efficient ways to set up new businesses.

Singapore's economic & business performance as well as government efficiency has been key in attracting businesses to set up shop here. Corporates, regardless of size take advantage of the infrastructure and policies to expand their foothold in Asia, and possibly the rest of the world, while at the same time attracting the best of talent to ensure sustained competitiveness and business growth.

Coupled with favourable immigration laws, it is of  no wonder that Singapore has leapfrogged to become one of the most attractive economies to attract human capital.  With a firm plan to ensure there is sufficient manpower to sustain the economy for the long term - hopeful Singapore PR and Citizenship applicants with the right credentials can look to heightened chances of attaining approvals, if their application is strategised the right way.

Social Integration - One of the Key Pillars of Assessment for Singapore PR & Citizenship Applications

 

 

It is of no secret that attaining approvals for Singapore Permanent Residence and Singapore Citizenship remains highly competitive, as the Singapore government needs to carefully balance the economic requirements of the country against local and on-the-ground sentiments.

As inbound Singapore immigration consultants, it is imperative that we help our clients strategize their applications so that they can achieve the highest possibility of approval - regardless the nationality, industry, professional achievements etc.  

On top of crafting an application angle around one’s professional achievements, one of the key aspects of attaining approvals, sadly always go unnoticed, or deemed ‘unimportant’ among applicants.

Social Integration. 

Secure A Future For Your Children in Singapore With A Solid Education Foundation

 

Providing their children with a world class education foundation is one of the primary reasons why PR applicants chose to commit permanently to Singapore. With only 1 out of 4 Singapore PR Applications being approved annually, this dream however remains pretty elusive for some.

Additionally, public education opportunities comes with extremely high competition among existing PRs and Citizens - making the availability of slots for non-PRs almost close to zero. With this, expats are forced to enroll their children in private or International schools, which could be too costly for some families.

Undeterred by the difficulty in attaining Singapore PR, expats plying their trade in Singapore are generally still relentless in their pursuit to attain PR statuses. The reason is simple - by securing PR statuses, not only do expats enjoy educational priority for their children, but it also brings about the flexibility for them to switch employment, and having access to more jobs.

Hence, although attaining approval for PR in Singapore is extremely difficult, it still remains a coveted endeavour that expats should not give up easily on.

 

SAFETY FIRST - Ranks Expats Seeking Singapore Permanent Residence & Citizenship

 

Why do that Expats rank Safety and Stability in Singapore so highly and will this impact PR / Citizenship applications?

We have observed an ongoing trend amongst our clients emphasising Safety as a reason to pursue Permanent Residence or Citizenship in Singapore. In fact, 80% of the expats we have helped secure Singapore PR/Citizenship status ranked Safety and Security as one of the top 3 reasons for their application. The other two reasons listed were Education as well as Employment opportunities.

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Immigration@SG LLP
1 Raffles Place
#26-02, One Raffles Place, Tower 1
Singapore 048616

General Enquiries:
+65 6493 1830

PR & Citizenship Consultation:
+65 6493 1828

Work Pass Enquiries:
+65 6493 1829

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Saturdays, Prior arrangements necessary

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