This is one of the most common question we receive from customers who are thinking about applying for Singapore PR. While the ‘Quota System’ is already an open secret, understanding the core reason behind it is key to bringing you a step closer toward Singapore Permanent Residence.
Why and What is the Quota System?
Being a small country, the rate at which the economy grew since the 1980s has been steadily robust. So much so that the natural rate of citizen births can no longer keep up with the demands of the city state.
With no natural resources, Singapore can only look to people for growth continuity. The Quota System ensures that there is always sufficient manpower with the required skills set vested into the various industries of the workforce. With Total Fertility Rates reaching all-time lows year on year (currently 1.2), the solution thus is to rely on attracting foreigners into the equation via Permanent Residence (PR) or Work/Employment Passes. Simultaneously, the government has to ensure that foreign workforce adhere to the population demographics (age group, race, etc) so as not to upset the balance in a multicultural society.
For applicants who feel that the Singapore Government is not giving out any more PRs, they are wrong. Since 2009, there are still plenty of approvals but the number of PRs given out have stabilised to around 30,000 annually. As such, the review process is more stringent now so as to find the right fit for each application. While the exact quota is not revealed to the public, understanding this system enables us to value each application form as an opportunity to highlight the merits of each applicant to the Singapore Government and not merely filling up a form.
Singapore PR offers numerous benefits, including access to better job opportunities, social security schemes via the Central Provident Fund or CPF, education subsidies, and healthcare services. It is a pathway to long-term residency and eventual citizenship, providing individuals with a sense of stability and belonging in the country.
Applying for Singapore PR requires careful preparation and attention to detail. It is important to emphasize your contributions to Singapore’s economy, society, or community. Highlighting your professional achievements, educational qualifications, and relevant work experience can significantly strengthen your application. Additionally, showcasing your integration into Singapore’s multicultural fabric, such as participating in local events and volunteering initiatives, demonstrates your commitment to becoming an active member of the community.
The application process involves submitting various documents, such as identity proofs, educational certificates, employment records, and recommendation letters. It is crucial to ensure that all forms are accurately completed and supported by the required evidence.
Engaging the services of a professional immigration consultancy like IASG can greatly enhance your chances of success. We are well-versed in the intricacies of the application process and can provide personalized guidance tailored to your specific circumstances. We can help you navigate through the complexities, offer insights into the evaluation criteria, and assist in crafting a compelling case to maximize your chances of obtaining Singapore PR.
In conclusion, understanding the Quota System is essential for those considering applying for Singapore PR. While the number of PRs given out annually has stabilized, the Singapore Government continues to evaluate applications and grants PR to deserving individuals who contribute to the country’s growth and cultural diversity. By presenting a strong case that highlights your skills, achievements, and integration into Singapore’s society, you can increase your chances of obtaining Singapore Permanent Residence and enjoy the numerous benefits it offers.