Singapore is a city-state located at the southern tip of the Malay Peninsula. It is made up of the diamond-shaped Singapore Island and sixty tiny islands.
Singapore is Southeast Asia’s largest port and one of the busiest in the world. It is an economic powerhouse with a Gross National Product (GDP) of 379 billion USD.
Outside of using the world’s busiest cargo seaport to its advantage, the country’s economy is primarily driven by electronics manufacturing and machinery exports, financial services and tourism.
In terms of tourism, Singapore is a widely-visited destination. The country is known as “Instant Asia” as it offers tourists a glimpse into many Asian cultures that immigrants have brought from all parts of Asia. The city even houses a World Heritage Site- its botanic garden.
There are several reasons why someone may wish to become a Singaporean citizen., from its rich multiculturalism to its extravagant economic status. If you want to be a citizen of this economic powerhouse, book a call with Pearl Lemon Visa today.
The Singapore Passport is ranked among the top three most powerful passports worldwide. This means you can enjoy visa-free travel to 193 countries once you become a Singaporean citizen.
Being a citizen of Singapore gives you access to the Central Provident Fund (CPF). The CPF is a government-run social security savings account for every Singaporean citizen and permanent resident. You and your employer’s contribution can be used for retirement, housing, healthcare, and investments.
Because Singapore is a small island with limited land, citizens of Singapore are given first priority when it comes to housing. This makes it easier for Singaporeans to buy and rent a house of their choice.
As a citizen of Singapore, you will enjoy extremely low tax rates. You won’t have to pay the Additional Buyer’s Stamp Duty (ABSD) rate when buying your first home. This makes it even easier to procure a home in Singapore.
Singapore has a high quality of education. This world-class education is cheap because all Singaporean students can benefit from subsidies for school fees.
There are five methods to be eligible for Singapore citizenship.
To be eligible for citizenship, you must have been a Singapore permanent resident for at least two years. You need to be aged twenty-one (21) and above.
You may apply together if you have a spouse and any unmarried children under twenty-one (21). All children need to be born within the context of a legal marriage or be legally adopted by you.
If you have been a permanent resident of Singapore for at least two years and married to a Singapore citizen for at least two years, you are eligible for citizenship.
Any unmarried children below the age of twenty-one (21) born within the context of a legal marriage to or legally adopted by a Singapore citizen are eligible for citizenship.
You are eligible for citizenship if you have been a permanent resident of Singapore for over three years and are currently studying within the country. You must have passed at least one national exam, or you need to be in the Integrated Programme.
You are eligible for citizenship if you are a permanent resident of Singapore and an aged parent of a Singapore citizen.
Unless exempted, all male Singapore citizens and Permanent Residents are obligated to serve in the National Service under the Enlistment Act (NS).
Once you have completed full-time NS, you will become Operationally Ready National Servicemen (NSmen). Your obligation as an NSman will end when you reach fifty (50) years of age (for Officers) and forty (40) years of age (for other ranks)
One additional way to gain citizenship is through the Singapore Global Investor Program.
The advantages of taking part in this program are numerous and bountiful. Singapore is well-known for being a global financial powerhouse. It is politically stable and enjoys a harmonious multiracial and multicultural community.
Its education system is world-class, and it has one of the world’s most reliable healthcare systems. Singapore has a tax regime that often favours foreign investors. Your investments within a country such as this are sure to pay off.
To become a citizen of Singapore, you will first need to become a permanent resident. Obtaining a permanent resident under the global investor program can be lengthy.
You must submit a personal profile, attend an interview and wait for approval. Approval is only granted if your application meets the required criteria.
This is where Pearl Lemon Visa can help. Our expert advisors will guide you through the process and give you much-needed advice to ensure your application succeeds. Having one of our advisors by your side will reduce stress.
Book a call with one of the consultants at Pearl Lemon Visa today!
