PR:To Apply or not to apply?

[karanrao1837]

A Query for the wise ......

We are here on my wife's EP for just over a year now. Our daughter is studying in an International School and on a Student Pass.
I am on a DP but have registered a LLP Co for Energy Management and Efficiency technology. I am 52.
1. Query - Should we apply for PR in wife's name ( she is under 50 years) and what are the chances for success?
2. Or should we hold our peace for another year as some of you have indicated.
3. Also as an entrepreneur can I apply for a LOC sponsored by my own Co. and will it help our cause for PR later. We would like to make a long term commitment to Singapore for sure.
Many thanks to all as your astute wisdom will be welcome.

[karanrao1837]

A Query for the wise ......

We are here on my wife's EP for just over a year now. Our daughter is studying in an International School and on a Student Pass.
I am on a DP but have registered a LLP Co for Energy Management and Efficiency technology. I am 52.
1. Query - Should we apply for PR in wife's name ( she is under 50 years) and what are the chances for success?
2. Or should we hold our peace for another year as some of you have indicated.
3. Also as an entrepreneur can I apply for a LOC sponsored by my own Co. and will it help our cause for PR later. We would like to make a long term commitment to Singapore for sure.
Many thanks to all as your astute wisdom will be welcome.

[Asdracles]

1. Query - Should we apply for PR in wife's name ( she is under 50 years) and what are the chances for success?

So you know already the advice we will give you, why to repost?

Nowadays, the chances to get the PR before staying here at least for 2 years are really slim. But we can't predict future, only ICA knows your real chances. Applying is FOC, you will be wasting just some time

[singaporeflyer]

Hi,
Please read this thread

http://forum.singaporeexpats.com/ftopic62857.html

This should answer most of your questions. Until you are here in SG for 2 years, as suggested by many senior members here, your chances are very very slim.

[karanrao1837]

Hi again! It would appear that I am wasting your time but to be honest I have been following the forum and there have been some anomalies from time to time which is why I asked the question. Rest assured I am genuinely looking for direction and I suppose reassurance that I am on the right track. It may be difficult for you to put yourself in my shoes but at this stage I am grasping at straws. Energy efficiency is the flavour of the month and my new co is offering very specialised technology solutions! I was hoping that I may be perceived as a good investment and hence be considered for PR before time. Clearly that will not happen so I am prepared for the wait - the reward is certainly worth it!

[karanrao1837]

Sorry I forgot my manners! Thank you very much for taking the time out and I sincerely appreciate your advice.

[sundaymorningstaple]

There are always anomalies. That's why ICA & MOM don't publish anything regarding criteria. This give them the options to make liars out of all of us (witness the LoC/Sole Proprietorship/entrepass debacle of a month ago). Go ahead and apply for PR. What's the worst they can do? Send you either an out and out rejection letter, or send you a rejection letter telling you to reapply in 6 months or 2 years or some other time frame. Other than that, nothing ventured, nothing gained.

[karanrao1837]

Thanks for your input SMS and I am rather tempted to go the way you suggest and be done with the tension of the waiting game. Question is is it a bit like 3 strikes and you're out! Which would mean a rejection goes on record and is held against you?

[sundaymorningstaple]

No, rejections aren't held against you unless you never reapply (guess the guy was a quitter - or only applying to abuse it). Although if you get a rejection that says reapply after a certain period of time, and you only waited half of that time, then yeah, probably would be held against you as it's telling the government that you cannot follow directions.

[karanrao1837]

I see your point and I am inclined to go along with your advice. Nothing venture,nothing gained! Thank you again for the word from the wise.

[Saint]

Unless your application is going to stand out from the rest, e.g. wife is a CEO of a up and coming company who are looking to employ 500 new local staff, or your daughter an Olympic medal standard paddler/swimmer etc, the 2 year residency rule is likely to be your primary stumbling block. No harm in trying I guess.

[karanrao1837]

Well its all very confusing but it seems like shooting in the dark! Who knows we may get lucky!

[Mad Scientist]

A Query for the wise ......

We are here on my wife's EP for just over a year now. Our daughter is studying in an International School and on a Student Pass.
I am on a DP but have registered a LLP Co for Energy Management and Efficiency technology. I am 52.
1. Query - Should we apply for PR in wife's name ( she is under 50 years) and what are the chances for success?
2. Or should we hold our peace for another year as some of you have indicated.
3. Also as an entrepreneur can I apply for a LOC sponsored by my own Co. and will it help our cause for PR later. We would like to make a long term commitment to Singapore for sure.
Many thanks to all as your astute wisdom will be welcome.

This is my 2 cents

1. Your DP is tied up to your wife EP
2. Since you are already set up a company by yourself. Why don't you apply EP by yourself instead of Loc. Free yourself from uncertainties of your wife EP renewal
3. Get your company up and running. Show proof of P/L and employing local etc.
4. Give yourself a year
5. If you have everything that what SG Gahmen wants, I do not see why you cannot get your PR approve as you stand a better chance
6. If you apply now, there is no harm but your chance are slimmer

[karanrao1837]

Hi MS, Two questions come to mind -
1. This is a newly formed company and has yet to secure any business or employ any local staff. Would they accept an application for EP under these circumstances?
2. I am 52 years old so given that I apply for PR a year later is my age going to be a factor against me?
Thanks for your two cents MS, it all adds up!

[Mad Scientist]

Hi MS, Two questions come to mind -
1. This is a newly formed company and has yet to secure any business or employ any local staff. Would they accept an application for EP under these circumstances?

This might help you
http://www.mom.gov.sg/publish/momportal ... gners.html

2. I am 52 years old so given that I apply for PR a year later is my age going to be a factor against me?

From my understanding if you are above 60 and able to support yourself here in SG, to apply for PR is quite straight forward. They key thing is you must be able to support yourself as money in the bank and not be a burden to SG Gahmen in times of sickness. I maybe wrong here but many HKers during 1997 changeover to SAR were given this avenue once they show $$$ in the bank.
I, for one would not contemplate to go for PR even in a year from now as you have nothing to show the Gahmen as my earlier post. Get your company up running and show a healthy bank account and you are paying tax so on and so forth, then consider PR.
SMS, might be able to shed more light on this but if I am not wrong you need about $50K as paid up capital as requirement
I started with $100K paid up with $100K Authorise Capital in early 1990s, over a period of 10 years , we systematically increase our paid up to $1 million and equates the authorise the same. The profit we took were much less but we did is we reinvested in shares to increase it to $1 mil.
As we stand now my company paid up is $5 mil.
Once we did this , to employ FT , investment and even tendering for Gahmen project is not an issue. I am no longer running the companies, my young guns are but this is one model where you can show the Gahmen that you are here for the long run
Thanks for your two cents MS, it all adds up!