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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? 

Singapore - A hotbed for Innovation

 

As we move into the final quarter for 2018, we have seen increased focus from various government bodies and media up-playing Singapore as an integral place for Innovation & Technology.

Straits Times Article - Singapore needs foreign tech talent: Ong Ye Kung - 21 September 2018

Straits Times Article - Singapore ranked second-best Asian city for tech firms: Report - 20 September 2018

 

In another insightful article, EDB highlights Singapore as the center for Artificial Intelligence and other R&D innovations. According to the Global Innovation Index, Singapore was ranked #1 in Asia and #7 globally among the world's most innovative countries of 2017.

Both global corporate giants and local start-ups thrive in Singapore where R&D is concerned (particularly in technology and biomedical science).

Quote: "An inviting business climate and a talented workforce are attracting technology companies to Singapore". 

In another quote, "The nation will maintain little restriction on foreign labour for high-end jobs such as in artificial intelligence, while keeping a quota system for lower-skilled industries including construction"

Would this perhaps indicate increasing opportunities for Singapore PR / Citizenship applicants employed in this sector?

Higher Approval Rates for Singapore Permanent Residence Applicants from Technology Sectors?

 

In recent years, the Singapore government has been initiating policies to encourage the growth of certain key industries. This shifting trend in governmental approaches to local business development can be dated back to the 1990s and early 2000s, where the government encourages the building of a “knowledge-based economy”, with a focus on innovations in technology as well as research and development in other sectors.

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