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success rate LTVP application now?

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1065146
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success rate LTVP application now?

Postby 1065146 » Sat, 11 Aug 2012 6:19 pm

My friend, a China nationality, wants to come to sg after retirement.

He does not have a spouse with employment pass or citizenship. So he is considering a LTVP that requires property and savings in SG. The ica website says the property needs to be worth 500k and savings at least 400k.

Does anyone in the forum apply for this kind of LTVP before? Or anyone heard of the success rate nowadays for cases like my friend?

Thanks a advance :)

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sundaymorningstaple
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Postby sundaymorningstaple » Sat, 11 Aug 2012 6:41 pm

Success rate unknown.

Eligibility

Visitors are eligible to apply for a renewable Long-Term Visit Pass of up to 5 years if they meet the following criteria:
45 years old and above;
own a property / properties in Singapore worth at least S$500,000 (in total) for residential purposes and meet any one of the following financial requirements:
have savings of at least S$400,000 parked in Singapore in any form of financial instruments based in Singapore, or
show evidence of a monthly local income of at least S$7,000, or
have a combined, savings and 5-year equivalent income of at least $400,000.
must be in good health
have valid Medical Insurance in Singapore
For renewal of the Visit Pass for purpose of long term stay, the applicant is required to meet the same set of investment, financial and medical requirements as indicated in paragraph (1) to (4) above.

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Postby Mad Scientist » Sat, 11 Aug 2012 6:51 pm

Actually this is precursor to PR or SC.
The more dough you have the brighter the red carpet for you
Yes, most whom applied this will get LTVP
Please remember you pay full medical fees here. No subsidies in all areas
Your dough must stay in the oven and must be more than $400K.
It cannot be transferred out back to China once approve
Proof of ownership of dough from China to SG must be clean not dodgy
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1065146
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Postby 1065146 » Sat, 11 Aug 2012 7:27 pm

Mad Scientist wrote:Actually this is precursor to PR or SC.
The more dough you have the brighter the red carpet for you
Yes, most whom applied this will get LTVP
Please remember you pay full medical fees here. No subsidies in all areas
Your dough must stay in the oven and must be more than $400K.
It cannot be transferred out back to China once approve
Proof of ownership of dough from China to SG must be clean not dodgy


Thanks a LOT :)

You heard of any such application that failed and why they did?

Think it would be very helpful to learn from mistakes

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sundaymorningstaple
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Postby sundaymorningstaple » Sat, 11 Aug 2012 7:35 pm

If the application is above board and straight, rather than trying to con the Singapore government, then you should have nothing to worry about. It's not a test, so there is no such think a mistakes. You either are qualified or your are not.


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