4th PR application

[MandyLim]

This is our 10th year in SG.
Have applied PR now for 4th time. In oct 2020 last year.
Indian race.
Husband (works in a private equity), wife (stay at home) and daughter (born here in SG)
Total income - 500k plus.
Husband has constantly grown in his firm. employs local people. pays taxes on time. we have shown stability in every possible way. Gave birth to a child here as this place is our home.
Do you guys think we have a chance this time? or ever? or is it that we should stop trying?
I know Indians have a bleak chance. Indian is not a preferred race here.
All local people we meet feel sorry for us a as they feel we are locals now so what is it we need to do to get that pink IC?
Can some one shed some light if they have been though anything similar?

[singaporeflyer]

This is our 10th year in SG.
Have applied PR now for 4th time. In oct 2020 last year.
Indian race.
Husband (works in a private equity), wife (stay at home) and daughter (born here in SG)
Total income - 500k plus.
Husband has constantly grown in his firm. employs local people. pays taxes on time. we have shown stability in every possible way. Gave birth to a child here as this place is our home.
Do you guys think we have a chance this time? or ever? or is it that we should stop trying?
I know Indians have a bleak chance. Indian is not a preferred race here.
All local people we meet feel sorry for us a as they feel we are locals now so what is it we need to do to get that pink IC?
Can some one shed some light if they have been though anything similar?

Education, age? When was the child born?

What is his exact role? is he an Employee or Employer?

[MandyLim]

This is our 10th year in SG.
Have applied PR now for 4th time. In oct 2020 last year.
Indian race.
Husband (works in a private equity), wife (stay at home) and daughter (born here in SG)
Total income - 500k plus.
Husband has constantly grown in his firm. employs local people. pays taxes on time. we have shown stability in every possible way. Gave birth to a child here as this place is our home.
Do you guys think we have a chance this time? or ever? or is it that we should stop trying?
I know Indians have a bleak chance. Indian is not a preferred race here.
All local people we meet feel sorry for us a as they feel we are locals now so what is it we need to do to get that pink IC?
Can some one shed some light if they have been though anything similar?

Education, age? When was the child born?

CA + mba (reputed indian universities)
Age - 36 yrs current (came here when he was 26yrs)

Child was born in 2018. 3 yrs old girl.

What is his exact role? is he an Employee or Employer?

He is an employee. Came as an analyst and is an MD now. Has been with same firm since 10 yrs.
Looks after finances and investments. Is in capacity to hire local people.

[MandyLim]

@singaporeflyer

[lot286]

Hi. I sincerely wish you good luck. i know it's tough, but you need to keep trying.
some points
- Being an MD in a firm that hires local people is different from being an owner of a firm that hires local people. As far as i am concerned, he is still an employee, so there is no 'weightage' here in the application. Unless he owns a stake in the company, then yes he's considered a 'nation builder'..

Also, can you tell us what you (wife) and your daughter's citizenship?
Reason is your handle is a chinese name. Are you a Singapore Chinese citizen and your daughter too?

[the observer]

If you are a citizen, and your hubby is applying under the family scheme, what’s there to worry about,

[the observer]

For your understanding.

https://www.strategygroup.gov.sg/media ... ion-Policy

[therat]

dont think she is Singaporean, as she mentioned "This is our 10th year in SG."

Might be is Malaysian

[PNGMK]

This doesn't surprise me, but it does disappoint me. However an MD of a foreign owned PE firm can be swapped out at 5 mins so why give him/her PR?

[singaporeflyer]

@singaporeflyer

Are you PR?
Where are you from?

Based on what you have said, chances is going to be very low.

[MandyLim]

guys I am Indian too (mandy and lim ( are short for my name and surname), daughter is 3 yrs.

By stability I meant - My husband has not changed jobs and dont have plans to. My husband doesn't even travel that much for work. He mostly operates from SG itself. So getting swept away in 5 mins is not that easy, Espl higher you are in a job its not easy to get another high paying job that too in a good location.
We have stayed in same house (rented) for 10 yrs now. I know this doesnt matter but the point is our intent of living a solid stable life in SG.

By mentioning my husband is an MD now I did not mean to show off but just wanted to show that he is a hardworking guy who has grown constantly.

Our families back in India have already moved on to different cities and with their lives. Some where thinking that we will never be back. When we go back for visiting them we feel like we dont belong there as we are so used to living in SG now.
Our daughter eats chinese/malay/local food more easily than she does Indian food.
All the local people think " 10 yrs is enough to be Singaporean lah!"
So you know its really dis heartening that when our own family treats us like guest, our daughter speaks in singaporean accent and we call SG home, still theres no hope for our PR approval just because we are indians seems a little unfair.

[the observer]

If you have read enough local news, you would have known what to do.

There’s no guarantee that it works.
But some has said it’s a known loophole.


https://sg.news.yahoo.com/singapore-s- ... 11513.html

[the observer]

In the next 10-15 years, there will be an even bigger group/number of voices of Indians having been here for decades or more. And they will all be voicing their grievances of not getting PRs and citizenships.

What then for the ICA.

https://www.straitstimes.com/singapore ... -status-or

[sundaymorningstaple]

Actually I don't think that will happen. MOM is pulling a slick one that is going to bite a lot of them in the arse. MOM is giving out PEPs left & right, unlike the old days where is was a rarity to see someone posting successfully obtaining the PEP. Back then it was for 5 years but also key was the fact that like now, it is NOT renewable. It's a one time issue only. MOM, I think, sees the value of this as cancelling higher level salaried EP holders would cause a big problem here under the current pandemic. This way, these EP holders switch from EP to PEP, gaining another year (36 months instead of 24) of a safety net (even if their job folds, they still have the safety net as long as they can find another within 6 months paying the going rate required. Once that has been unsuccessful, boom, they have to leave SG. There is nothing in MOM that says that their employer has to be allowed to switch them back to an EP once the PEP expires. So, again, boom. The employee has set themselves up for the firing line through their own devices. I think it's a splendid idea. Best part is MOM doesn't need to explain anything. The granting of an EP has never been a given in the first place.

Sorry about the length but I've been thinking about this since the PEP duration was changed from 5 to 3 years.

[Wd40]

Actually I don't think that will happen. MOM is pulling a slick one that is going to bite a lot of them in the arse. MOM is giving out PEPs left & right, unlike the old days where is was a rarity to see someone posting successfully obtaining the PEP. Back then it was for 5 years but also key was the fact that like now, it is NOT renewable. It's a one time issue only. MOM, I think, sees the value of this as cancelling higher level salaried EP holders would cause a big problem here under the current pandemic. This way, these EP holders switch from EP to PEP, gaining another year (36 months instead of 24) of a safety net (even if their job folds, they still have the safety net as long as they can find another within 6 months paying the going rate required. Once that has been unsuccessful, boom, they have to leave SG. There is nothing in MOM that says that their employer has to be allowed to switch them back to an EP once the PEP expires. So, again, boom. The employee has set themselves up for the firing line through their own devices. I think it's a splendid idea. Best part is MOM doesn't need to explain anything. The granting of an EP has never been a given in the first place.

Sorry about the length but I've been thinking about this since the PEP duration was changed from 5 to 3 years.

Actually, I don't think the PEP category people(salary > 12k) really need a safety net here. These people are typically skilled enough that they can easily migrate to Australia, UK or even the US.

The people who are desperate are those earning under 6k. These people haven't even saved enough money and spent most of their income on rents and haven't built a safety net.

People like me are the in between, annual salary of 100-120k after bonus and have been smart enough setting aside 50k each year and compounding it in the decade long stint we have been here and making full use of the low income tax and zero capital gains tax. 1m SGD, is a decent safety net to take it back to India and retire.

So although I don't have the skills like the PEP holders to migrate anywhere, I made up for the gap by saving hard.

Sent from my Redmi 10X using Tapatalk