Despite Singapore constantly being regarded as one of the most expensive places in the world to live in, an increasing number of migrants are still applying for Singapore PR application in droves. Why is that the case?
Well, it is simply a case of benefits outweighing the high costs of living in Singapore!
People who can afford to move to our country are mostly white collared professionals and executives who are relatively well off expatriates, and one of their biggest concerns is safety for them and their families. Since law and order is almost synonymous with our country, it is a no brainer for these well off executives to come and live in SG along with their families and reside here as permanent residents.
Singapore has a welcoming culture for migrants. While that has altered over the years, right now, the country and its existing population is open to talented individuals who are able to successfully social integrate into our society as that only leads to more innovation and jobs in the city state.
Our city is situated in a geographically ideal location where one can easily incorporate their business here and leverage its location to nearby rapidly developing economies. We dare say that our country is probably the only politically and geographically stable with low corporate and personal income taxes one within the entire region, and is largely seen as corruption free. This means that both people from Western and Eastern parts of the world who wish to do business in South East Asia will feel very comfortable setting up their headquarters in Singapore. Despite the higher living costs here, this stability for entrepreneurs and investors are welcomed and hence why PR application is so popular here.
Singapore is a highly multi racial society as well, and consists of people of almost every race and religion living harmoniously here. As a result, regardless of the migrant’s race or religion, they can easily feel right at home in Singapore. This may not necessarily be the case in other countries – both Western and Eastern ones.