Write a cover letter articulating your love for Singapore, your financial and family stability, your decision to become Singapore Permanent Resident

Write a cover letter articulating your love for Singapore, your financial and family stability, your decision to become Singapore Permanent Resident.

Our family’s decision to become Permanent Residents in Singapore lies in what Singapore can offer to our family’s advantage/future.  The range of benefits that comes with PR status in Singapore is plentiful.  Permanent residency in Singapore allows my family and me to live, work, avail of the public education system and buy property.

My family and I fell in love with Singapore.  Singapore is exactly what we had always envisioned for our surroundings.  The economy and government is stable, the infrastructure is very good and the support structure is in place and readily available, education system at the public level is advanced, healthcare is the best in Asia, and most importantly for us, Singapore is the melting pot of cultures and races in the country.

The entertainment and dining options are limitless in Singapore.  Everything is available for every craving and desires.  Again, my family greatly enjoys the multiculturalism with the variety of food representing the different ethnicities of the country.  The Arts is another aspect of Singapore life which prompts our wanting to become permanent residents.  Performing arts has been something we have also enjoyed.  The shows at the Esplanade are something we look forward to.

Singapore is also an ideal location to travel all over Asia and even further a field to Australia, Europe and the Americas as the national carrier, Singapore airlines, does fly to a majority of these continents’ hubs.  Also, many of the international flights do service to Singapore.  There is also the option of cruise ships as some of the cruises do have Singapore as a port-of-call.  Hence Singapore is an ideal location to be at.

As a Permanent Resident of Singapore, we can avail of the Housing and Development Board’s Ownership Scheme.  It is certainly cost-effective as there are a lot of restrictions on non-citizens and expats.   Foreigners may only acquire condominiums, flats in buildings of 6 levels or more, a leasehold estate for a term of not more than 7 years.  Apartments cost a lot to rent especially in the downtown areas i.e. Orchard Road. 

Educational benefits being a Permanent Resident include being able to put my children in Government, Government-Aided and Independent Schools.  Currently, as non-residents, we must wait for these spots because the first-priority is SC/SPR children.  Not to mention having to go through applications and what-nots via the Ministry of Education and the Immigration Department prior to applying.  There are International schools but they do cost a lot of money with tuitions in the USD 12,000++ category.  Whereas for the Government and Government-Aided Schools, the monthly rates of school fees payable are S for primary, S0 for secondary and S0 for pre-university levels.  For the children of SC/SPR, the monthly school fees to these schools are for the first 2 years are S for primary, S for secondary, and S for pre-university levels.  The huge cost difference is another reason to why we would like a Singapore Permanent Resident status.

From the financial point of view, Singapore has a top class banking system, a good legal system, tight banking laws, and is well respected globally.  Singapore is also known to have the lowest overall taxation rates in Asia.  Residents are not taxed on income earned overseas and any gains generated from investments made in the country may remain tax exempt. 

Furthermore on the financial benefits as a PR is the Central Provident Fund (CPF).   The social security savings scheme will certainly help out in the long-run for my family and me.  Our needs during retirement, healthcare, home ownership, family protection and asset enhancement all falls under the CPF scheme.  Also, as a PR, the contribution rates to the CPF are reduced. 

Singapore offers a smorgasbord of benefits and rights to its Permanent Residents.  My family and I would like to take the opportunity to seize this chance to be able to exercise those benefits and rights.

 

 

 

 

 

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