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How to retain my P.R. status if i am working overseas?

Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
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sundaymorningstaple
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Postby sundaymorningstaple » Thu, 21 Apr 2011 2:21 pm

Once over the age of 55 you no longer need to be employed. I say this as I've been there on my last renewal when I had been unemployed for around 15 months (and the REP expired for around 2 years). I was told by the immigration officer at that point I could have renewed even though unemployed as I was over the age of 55.

What I didn't find out though was if that pertained to both PTS and Family Ties PR's. While I applied for both, I was originally approved under the Family Ties scheme so I don't know it that goes for both or not.

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Postby Saint » Thu, 21 Apr 2011 2:38 pm

sundaymorningstaple wrote:Once over the age of 55 you no longer need to be employed. I say this as I've been there on my last renewal when I had been unemployed for around 15 months (and the REP expired for around 2 years). I was told by the immigration officer at that point I could have renewed even though unemployed as I was over the age of 55.

What I didn't find out though was if that pertained to both PTS and Family Ties PR's. While I applied for both, I was originally approved under the Family Ties scheme so I don't know it that goes for both or not.


If you get your PR under the Family Ties scheme you don't need to be employed at any age when renewing REP

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Postby sundaymorningstaple » Thu, 21 Apr 2011 4:10 pm

Then that's a change from 2005 then, as I was told once over 55. Interesting.

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Postby calvink » Sun, 24 Apr 2011 12:47 am

Self contribution to CPF..while working overseas? Qualified to get a tax assessment on that?

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Postby singaporeflyer » Sun, 24 Apr 2011 1:17 am

calvink wrote:Self contribution to CPF..while working overseas? Qualified to get a tax assessment on that?


I doubt if this would help to renew the PR.

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Postby Mad Scientist » Sun, 24 Apr 2011 6:15 am

calvink wrote:Self contribution to CPF..while working overseas? Qualified to get a tax assessment on that?


This does not work as it goes to your coffer not the Gahmen
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Postby sundaymorningstaple » Sun, 24 Apr 2011 10:29 am

What are they going to assess tax on? Taxes are assessed only on income earned "IN" Singapore. Voluntary contributions, IF allowable are only you own money going into your own CPF account. I think you should just plan on withdrawing you money from CPF and going home, instead of trying to abuse Singapore's PR scheme any further.

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Postby Ginner-Sg » Mon, 25 Apr 2011 11:18 am

sundaymorningstaple wrote:What are they going to assess tax on? Taxes are assessed only on income earned "IN" Singapore. Voluntary contributions, IF allowable are only you own money going into your own CPF account. I think you should just plan on withdrawing you money from CPF and going home, instead of trying to abuse Singapore's PR scheme any further.

=D> =D>

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Postby noskich » Thu, 12 May 2011 8:52 am

What about if you are living overseas and own a business in Singapore through which you receive income and therefore pay taxes?
Would it be possible to retain PR in this way?

Thanks.

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Postby Mad Scientist » Thu, 12 May 2011 9:07 am

noskich wrote:What about if you are living overseas and own a business in Singapore through which you receive income and therefore pay taxes?
Would it be possible to retain PR in this way?

Thanks.


Go to ICA website

http://www.ica.gov.sg/page.aspx?pageid=152

You must proof of income and tax return of the last three years of your REP
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Postby noskich » Thu, 12 May 2011 10:13 am

Mad Scientist wrote:Go to ICA website

http://www.ica.gov.sg/page.aspx?pageid=152

You must proof of income and tax return of the last three years of your REP


Yup, I saw that, just wondering if anyone here have had a first hand experience regarding this situation.
Judging from ICA gudelines I am concluding it is possible to live permanently abroad and extend PR if one owns a business in Singapore.

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Postby Mad Scientist » Thu, 12 May 2011 11:03 am

noskich wrote:
Mad Scientist wrote:Go to ICA website

http://www.ica.gov.sg/page.aspx?pageid=152

You must proof of income and tax return of the last three years of your REP


Yup, I saw that, just wondering if anyone here have had a first hand experience regarding this situation.
Judging from ICA gudelines I am concluding it is possible to live permanently abroad and extend PR if one owns a business in Singapore.


Yes my previous ex-staff when thru the same process
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Renewal of REP after retirement from full-time job

Postby SingaporeDon » Tue, 10 Jan 2012 12:56 am

Mad Scientist wrote:
noskich wrote:
Mad Scientist wrote:Go to ICA website

http://www.ica.gov.sg/page.aspx?pageid=152

You must proof of income and tax return of the last three years of your REP


Yup, I saw that, just wondering if anyone here have had a first hand experience regarding this situation.
Judging from ICA gudelines I am concluding it is possible to live permanently abroad and extend PR if one owns a business in Singapore.


Yes my previous ex-staff when thru the same process


Wondering if someone has first hand experience of how the process of renewing REP after retiring from full time employment works

MS suggested above that his ex-staff managed to do so by generating business income in Singapore which was taxable here

sundaymorningstaple wrote:Once over the age of 55 you no longer need to be employed. I say this as I've been there on my last renewal when I had been unemployed for around 15 months (and the REP expired for around 2 years). I was told by the immigration officer at that point I could have renewed even though unemployed as I was over the age of 55.

What I didn't find out though was if that pertained to both PTS and Family Ties PR's. While I applied for both, I was originally approved under the Family Ties scheme so I don't know it that goes for both or not.


SMS indicated that over the age of 55, you can renew your REP even if you are not employed (i.e. have no Singapore taxable income to report) but there was some doubt as to whether this applies to PRs who got their PR through PTS or Family Ties.

The questions that arise are

1. What if you have dividend income from your company in Singapore. As such dividend income is not taxable in Singapore, it does not even have to be included in your tax returns. Will ICA renew your REP?

2. What if your income is rental income from properties you own in Singapore or from Director’s fees (both of which are taxable in Singapore). Will ICA renew your REP although you do not have any income from full-time employment any more?

3. What if you are over 55 and have just retired and are living in Singapore off your savings and non-taxable retirement income. Does someone have first hand experience of whether ICA would renew their REP in this case?

Thanks

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Postby stiwi » Sat, 20 Apr 2013 9:52 am

I know it's a while since last post but good questions above and no response?
I have been told once by accounting company in SG that it is possible to retain PR upon proving being actively engaged in operating business here, however I didn't enquire further as I was not interested in it at that time.

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Postby sundaymorningstaple » Sat, 20 Apr 2013 1:12 pm

stiwi, that makes sense. Even though you are "retired" if you can show you receive remuneration from dividends, director's fees and even rental income, I reckon that would satisfy MOM and/or ICA. Your REP would not be any concern to IRAS, aside from giving up your PR, which at that point, an IR-21 (Tax Clearance) would have to be filed and you may or may not have any taxable income to declare.


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