Hi All,
Does anyone know is there any min monthly income level to get PR Re Entry Permit renewed? I can only find explicit limit stated for LTVP sponsorship (6K/month) and wondering can PR REP got renewed if monthly income is <6K if the person lives in SG and pay taxes + CPF?
Previously I got my PR via PTS scheme but after company downsize, I can't secure another corporate job. Right now, I'm self employed and running my own business with monthly income around 3.5-4K (it is ACRA registered business, I pay tax & pay voluntary CPF top up). Business revenue / sales turnover is around 140K / year.
Race: Malay
Age: 38
Duration in SG: 10 years (PR since 2017), currently stay in SG and never left unless for short 1-2 weeks vaca
Family status: me, wife, 1 son, 1 daughter are all PR (wife and kids got PR based on my sponsorship, wife is stay-at-home mom as our daughter is disabled, both kids are <7 yrs old)
Property: own condo in SG (which we are in progress to sell, after that planning to buy resale HDB)
I am aware from this forum that even if REP renewal got rejected; our family are still PR as long as we don't leave Singapore. However my worry is if REP doesn't get renewed then my son can't go to local school (because even registering to polyclinic, he is asked to show valid REP) while we don't have enough money to put him in International School.
I'm still applying for jobs & trying to grow my business further but I do wonder what will happen if in few years time when it's time to renew REP and my income is still around 3.5-4K/month. Based on my calculation, with my current savings + condo sale proceed, our family should still have enough to support ourselves; but it's just on paper I'm not making a lot of money.
Does anyone has any experience or perspective on what are the chances for my family's REP renewal? Thank you in advance.
