Given the nation’s political and economic stability, it is not difficult to figure out why Singapore remains one of the top destinations for expatriates. In fact, according to research conducted by Blacktower Financial Management Group, Singapore is the most popular destination in Southeast Asia for foreigners in 2021.
As a foreigner living in Singapore, you are undoubtedly thinking of becoming a Singapore PR due to these factors. If your child has migrated to Singapore with you, you should consider applying for permanent resident status for your kid too. Regardless of whether you have plans for your child to return to their native country, it is beneficial for your kid to be a Singapore PR. Let us share the perks of doing so.
Reason #1: Lower school fees
Rent, utilities, groceries, and other miscellaneous expenses – there is no denying that the costs of living in Singapore can take up a significant portion of your income. And the last thing you want is your child’s education fees to pile further financial pressure on the family.
However, granting your child access to the country’s renowned education system can come at a hefty price if your kid is a foreigner. Depending on the educational institute your child is enrolled in, the school fees can be at least twice the amount paid by citizens and permanent residents.
Since you already have plans to reside in Singapore long-term, it makes sense to submit a Singapore permanent resident application for you and your child. The money you saved on your child’s education fee can be redirected to other necessary expenses. This way, you face less financial strain.
Reason #2: Opportunity to enrol your child in your preferred school
Are you eyeing a particular public educational institute for your child? Whatever the reason for your preferred school, you will likely face stiff competition for an enrolment slot, especially if the school is renowned. While Singapore citizens and permanent residents can register their children for a primary school they prefer, foreigners can only indicate their interest online.
Usually, the number of registrants exceeds the vacancies available. In that case, priority will be given to Singapore citizens and permanent residents. So if you want your child to enrol in a public school, applying for PR for your child is one of the best ways to secure a placement in your desired school.
Reason #3: Affordable medical care
Singapore is renowned for its world-class healthcare sector. However, the costs of quality healthcare services are not cheap for foreigners. While Singapore citizens and permanent residents have access to government subsidies and schemes like Medisave and Medishield Life to offset their medical bills, expatriates do not have the same luxury.
If you wish to avoid skyrocketing medical costs, you should apply for PR for you and your child as soon as possible. Once both Singapore permanent resident applications are approved, you can tap on your Medisave funds and other benefits to pay for your child’s medical expenses.
The various benefits associated with being a Singapore PR are undoubtedly why the country receives numerous PR applications yearly. As a result, the application process usually takes around six months. Therefore, we recommend you begin the process early for you and your child. You should also consider working with an experienced PR application agency in Singapore to improve your chances of getting approval.
At Singapore Immigration Partners, we have assisted numerous expatriates with their Singapore permanent resident applications. As a result, we are intimately familiar with the process and know how to obtain approval for an application. Do not hesitate to contact us today if you need help applying your child’s Singapore PR online.