Asiabizservices Collaborates Singapore Permanent Residence Schemes
by Nathalie King Tuesday, April 19, 2011
“One way to channel the application for a permanent resident status is the PTS or the professional, technical personnel and skilled worker,” says one of Asiabiz’s female business consultants.
Permanent Residence (PR) application can be applied for the whole family i.e. the applicant himself plus the spouse and unmarried children under 21.
The lure of gaining Singapore permanent residence through a variety of schemes has convinced thousands of foreigners of diverse backgrounds to set up home in the island-state, one of Asia’s most stable and developed countries and a key financial hub. It’s estimated that an average of 36,000 foreigners received permanent residency Singapore annually over the past decade.
She adds: “All holders of Singapore Employment pass—Q1, P2, P1—and Specialist (S) pass are qualified to apply, together with their spouse and single children below the age 21.”
Application for Singapore work visas is among the specializations of Asiabiz. It has the resources to evaluate the potential of an application and process it with the ICA.
For businessmen, there are two schemes to choose—the global investor and financial investor.
“In the global investor scheme, the investors can invest a minimum of S$2.5 million in two ways. One, they can invest in a new business entity or an expansion of an existing business operation. Two, they can invest in GIP-approved fund,” she chimes.
She continues: “Other qualifications are having 3 years of entrepreneurial or business record and the company should have at least S$30 million in the most recent year. It should also average revenues of S$30 million in the last 3 years. The ICA shall require the financial statements of that company in the last 3 years.”
Meanwhile, if the applicant is a corporate manager or a chairman, CEO, CFO, and CTO, he or she could also use his or her track record of corporate management experience.
Moving on, in the financial investor scheme, the investor must have a net personal assets amounting to S$20 million or more. Half of such amount is deposited in a bank approved by the Monetary Authority of Singapore. The deposited amount is not withdrawable for 5 consecutive years.
As an immigration specialist, Asiabiz offers assistance in preparing the documents including the requirements for their dependents.
About the Publisher:
Asiabizservices offers one-stop business solutions to companies, particularly, those that are managed and owned by foreign investors. Since its inception, Asiabizservices has successfully helped foreign entrepreneurs form a Singapore company. Among its specializations are Singapore company setup, corporate services, accounting services, nominee services, company registration, whether as a sole proprietorship, private limited, limited liability partnership; offshore company formation, incorporation of foreign companies either as a branch or subsidiary office, accounting services including payroll preparation and more.
Asiabizservices is the leading provider of Singapore Company Incorporation services and has successfully helped thousands of both local and foreign entrepreneurs Incorporate a Singapore Company. It also provides chartered secretarial services.
For more information visit:
AsiaBizServices PTE LTD
address: 120 Telok Ayer Street Singapore 068589
Asiabiz Services is a business solutions and processes provider based in Singapore. It reaches out to companies, employees, and individuals in all their business needs and requirements.
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