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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.

 

What Does Singapore’s Growth as a Tech Titan Mean for PR/Citizenship Applicants?

 

Despite Singapore’s small size as a nation compared to the other world powers, it has not faltered in advancing its technological advancements and according to Jeff Zhang, Chief Technology Officer of Alibaba Group, has become “well known for its world-leading technology R&D institutions, strong base of academic research talent, a population that is receptive to the next big thing in technology, and supportive government policies”. A 2017 index ranked the Republic among the world’s best for the strength of IP protections, demonstrating Singapore’s commitment to nurturing and protecting high-value innovation. 

So what does this mean for PR and Citizenship applicants with the relevant experience and expertise?


Singapore Population Trends 2018 - Insights from Immigration Specialists

 

The Singapore Department of Statistics have recently released their Population in Brief (PIB) 2018 Report with fresh data on Singapore’s population. It provides key updates and trends on Singapore’s population, particularly in relation to citizenship marriages, births and Immigration.

As Immigration Specialists who meet hopeful Singapore PR and Citizenship applicants daily, our industry insights has once again proved vital in assisting many of our clients attain approval for the year 2018. As we deep dive into the data presented in these reports we would like to bring focus on the following findings :

1) Singapore's Citizen Population continues to age. In tandem, our resident old-age support ratio stands higher 

2) The PR population remained relatively stable with a slight decrease in the total number of PRs in Singapore in the last year

3) 22,076 Singapore Citizens (SCs) and 31,849 PRs were granted in the last year

4) The majority of our PRs are in the prime working ages of 25-49 years 


How does one then take advantage of increasing opportunities for their Singapore PR / Citizenship application to be given strong consideration for Approvals? 

What next? 100% Approval for your Singapore PR Applications! (Learn to Recognise Deceptive Advertising - Don’t get taken for a Ride)

Deceptive advertising can be generally defined as “a representation, omission or practice that is likely to mislead the consumer" and practices that have been found misleading or deceptive in specific cases including false oral or written representations. The Singapore Code of Advertising Practice (SCAP) is the guiding principle of Advertising Standards Authority of Singapore (ASAS). This Code seeks to promote a high standard of ethics in advertising through industry self-regulation. The basic premise of the SCAP is that all advertisements should be legal, decent, honest and truthful.

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