Application For Singapore Permanent Residence Card

 

When you are applying for Singapore permanent residency you have to keep in mind that you have to apply for the ID card under 30 days from the time you become SPR. If you have children who are above 15 years will also be required to apply their own ID card. In case you change the address, you have also to inform the SIR telling them about the new address.

 

Advantages you will get if application for Singapore permanent residence is approved. You can borrow from a bank at least 80% of the housing loan, when you want to buy the property in Singapore. Your employer will be required to help you in contributions towards CPF which is equal to 16 percent of your income; it is not taxable after the second year. You do not have to work for one employer when you have your application for Singapore permanent residence is approved, you will be able to look for another job if you are not satisfied with the one you are doing, or when you lose the job you have. If you are parents, you can apply for them the long term visit if you wish to stay with them in Singapore.

 

When you want to terminated the your SPR, you have to keep in mind that you may need to reapply again using the documents you have used in the first place. Since some people may choose to terminated the SPR instead of going through the National Service , the country safeguard itself against this problem by making sure that people who are reapplying will have also to undergo the National Security. When you cancel your Application for Singapore permanent residency, and wish to withdraw the money you have contributed into the CPF, you have to go first to cancel the entry and you will present the cancelled pass and your passport to CPF Board before refunding you. The money normally is sent to your account, but if you want to be paid in cash, you will get the OUB Bank invoice. The process takes up to 10 days.

 

You have to comply to some conditions established by the Singapore when you want to withdraw the money that will not come back to be used in Singapore. When you return back, you have to refund all the money you took away with its interests when you need to re-open your account.

 

Mindy Yong 杨雯诗

CEA Registration Number : R021232Z

Tel: (+65) 91002985
Fax: (+65) 64021826

mindy@mindyyong.com

 

KF Property Network Pte Ltd
CEA Licence Number : L3008430D