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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?

 

 

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Or call us at:
+65 6493 1830

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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

Mondays to Fridays, 9am to 9pm
Saturdays, Prior arrangements necessary

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