mshang852 wrote:My ultimate goal is to become a SG PR...
Bzzzzt. Wrong goal... at least in the eyes of the gahmen.
Historical details: I hold Canadian citizenship by birth, UK citizenship by right of descent, and US citizenship by naturalization. I've lived in the USA since I was 15, and I am an American in life and work.
I filed for, and received, an Entrepass in 2004, back when they were easy to get... you needed a business plan but no proof of money. Note that an Entrepass is an employment pass... it is identical in nature to any other EP issued, only it is issued to my company.
Because I travel using my US passport, my EP was stamped in my US passport.During the time of my EP, I enquired and discovered that I could also have an additional passport (UK in this case) stamped with an EP entry permit. This would permit me to travel out of Singapore and to the UK on my UK passport.
You should apply for EP with whichever passport you will use most frequently. It's the one that goes into the automated system. For me, that was my USA passport.
In 2007, before the expiration of my EP, I filed for PR, using only the standard documents requested. My first application was rejected. I appealed, providing a bunch of details about my company, including its revenues and the Singaporeans it employed. My 5 year PR was approved shortly thereafter.
When I applied for PR, the process was manual, and there was no question as to whether I had multiple travel documents. I do note however, that when I enquired about having multiple passports stamped with a re-entry permit, I was told this was not possible. I could choose any passport I wanted but there could only be one with the stamp.
I can't tell you which passport you should apply with, but I judge that holding US citizenship is a hindrance and your chances of getting PR are small. Why? Let me ask you... would you give up your US citizenship for Singapore PR? Would you give it up for Singapore citizenship?
See, the whole idea behind PR is that it is a stepping stone to citizenship. While you might be willing to give up HK citizenship, the gahmen figures (and rightly so) that giving up US citizenship is not something a lot of people want to do. And even though I had PR, and had renewed for an additional 5 years, I gave it up and went home in 2013.
Summary: You won't be seen as a long term candidate, even if you are Chinese.
As SMS and PNGMK have pointed out in other threads with a similar topic, you have another problem that is as bad, if not worse, for any hopes of your PR. You are a banker, pulling down a six figure base yearly salary, and you're getting transferred in. But, for how long? If you're going to rise in your bank, you're going to get transferred out again. So, you're not a long term candidate.
There was an Indian fellow a while back, making around $300K per annum, in Singapore for several years, with a family that included cannon fodder, and in spite of all that, had been rejected for PR numerous times. We could only conclude that he was rejected because he was a senior banking officer who had transferred in.
Why do you care about PR? Are you really planning on staying in Singapore long term?