Cost Effective Singapore Permanent Residency Services Provided by Rikvin

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At year end, 2010, the Department of Statistics Singapore reported the number of Singapore Permanent Residents (PRs) hit 10% high of 541,000 out of the total population of 5,076,700. With its long-standing continuity to keep on increasing and the controlled support of the local government, the growth of foreigners will be substantial to attract large foreign investments and improve employment rates, reports http://www.rikvin.com/. Rikvin shares insights on 4 Singapore Permanent Resident Schemes that educates and assists foreigners in application process of becoming a PR.

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Rikvin acknowledges the trend, during the period of 2010 to 2011 that most foreign talents working in Singapore with a minimum period of 6 months will apply for Singapore Permanent Resident status.

The reassurance of the country’s Minister Mentor Lee Kuan Yew states, “We (Singapore) need to continue bringing in more foreign workers and talent so that it can take on the worldwide competition for growth and progress.” WorkSingapore, a central recruitment system, managed by JobsCentral and JobsFactory, added that Singapore companies are eager to hire foreign talents with Singapore Work Permit, provided they possess the necessary and relevant skill sets to handle the job requirements. The foreign workers and immigrants have created considerable opportunities and benefits for the Singaporean employment.

Prime Minister Mr Lee Hsien Loong had articulated, during one of his speeches, on the beneficial outcome with respect to the influx of foreign workers and talents that, “Without foreign workers, we would not have attracted US$3 billion investment, with Intel and Micron. By allowing in a controlled number of foreign workers, far from disadvantaging Singaporean workers, we have created more good jobs for Singaporeans, that is, for every one foreign worker, we have created 1.5 local jobs.”

Rikvin acknowledges the trend, during the period of 2010 to 2011 that most foreign talents working in Singapore with a minimum period of 6 months will apply for Singapore Permanent Resident status. The 4 Singapore PR Schemes leading to permanent residency are Professional, Technical Personnel and Skilled Worker Scheme (PTS Scheme), Global Investor Program Scheme (GIP Scheme), Financial Investor Scheme (FIS Scheme) and Foreign Artistic Talent Scheme (FA Scheme)

The Professional, Technical Personnel and Skilled Worker Scheme (PTS Scheme) is responsible for 95% of Singapore Permanenet Residents. Being the most popular scheme, it provides any foreign individual with P, Q or S work pass the opportunity to become a Singapore PR.

The Global Investor Program Scheme (GIP Scheme) and Financial Investor Scheme (FIS Scheme) are suitable for foreigners planning to start a business or invest in the country. The GIP Scheme requires the applicant to invest at least $2.5 million in new or existing business developments or invest at least $2.5 million in approved fund while the FIS Scheme requires investors to place at least $10 million with a regulated financial institution of Singapore, held in Singapore for a minimum of 5 years.

Acquiring an artistic educational background and qualification, the Foreign Artistic Talent Scheme (FA Scheme) will deem most appropriate. Launched by the National Arts Council and Immigration Checkpoints Authority of Singapore, this scheme attracts artists globally, in view of their extraordinary talent.

About Rikvin.com:

Rikvin provides a complete range of services for foreigners to acquire Singapore permanent residency, with solutions in immigration related to Singapore work visa, work pass, and work permits in Singapore. The firm also provides the complete range of corporate solutions aimed at helping foreigners establish a business presence in Singapore.

Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
http://www.rikvin.com/

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Satish Bakhda
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