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Seven major benefits enjoyed by immigrated Singapore permanent residents

1. Singapore Provident Fund: open to all employed citizens and permanent residents. Singapore's provident fund system began in 1955 and is the core of Singapore's social security system. After years of development, this system has become a comprehensive social security system integrating elderly care, health care, housing, family security and other functions. The current contribution amount is 30% to 36% of salary, of which 20% is contributed by the employee and 10% to 16% is contributed by the employer.

2. You can buy government rental housing at low prices: You can enjoy subsidies and low-interest loans when purchasing government housing. When purchasing private property, you can also enjoy corresponding stamp duty discounts.

3. Paid holidays: Those who have worked for more than one year can get 21 days of paid annual leave per year. In addition, there are various paid holidays such as sick leave, special leave, marriage leave, maternity leave, etc.

4. There is no family planning policy and childbirth is encouraged.

5. Tax incentives

l Permanent resident individuals do not need to pay tax on overseas income. Singapore has a progressive tax system. In addition to personal income tax reduction and exemption, the personal income tax rate remains between 0-20%, which is very gratifying compared to the domestic high tax rate of 45%.

At the same time, resident individuals are entitled to enjoy personal income tax reductions and exemptions on child support, vocational training fees, insurance premiums, and Provident Fund (CPF) contributions.

lThe corporate income tax rate is 17%. The government also provides tax incentives for newly established companies with low income.

6. Pension is guaranteed: Everyone in Singapore has his or her own pension account, which can be paid until the age of 55. If the lower limit set by the government is reached, no payment is required. Singapore permanent residents and citizens can receive a monthly government pension starting from the age of 62. In the event of death, the balance in the provident fund account can also be transferred to one's own beneficiaries.

7. Family members can obtain permanent resident status at the same time: spouse and unmarried children under 21 years old can become permanent residents of Singapore together. In addition, unmarried children, parents, spouses and parents who are over 21 years old can generally apply for long-term residence in Singapore. The validity period of this visa is consistent with the applicant's valid resident status. You can apply for a long-term social visit pass for a longer period of 5 years at a time.

Singapore Investment Immigration Application Requirements

◆The company has been established for more than 3 years, with a registered capital of more than 1 million yuan;

◆The main applicant holds more than 30% of the shares ;

◆The company's industry is other than real estate, construction, and automobile 4S stores;

◆The company's turnover meets the requirements of the Immigration Bureau.