Singapore is one of the world’s most prosperous countries widely known for its high quality of life. The country is the world’s fourth-leading financial centre having one of the busiest ports in the world. It is also one of the most popular countries for tourism and is considered as the land of opportunities. Singapore has the third-highest per capita income in the world in terms of purchasing power parity. The economy depends heavily on exports and refining imported goods, especially in manufacturing, which constituted 26% of Singapore’s GDP in 2005.
Apex Visas, one of the leading immigration and visa consultants in India states that Singapore has become one of the most preferred destinations for higher education and study abroad programs. The company highlights that Singapore has a highly developed market- based economy which is one of the freest, most competitive, innovative and business friendly economies. The country offers indisputable advantages in terms of providing a corruption-free environment, high quality of life, enormous job opportunities, skilled workforce, low tax rates and advanced infrastructure. A large amount of foreign direct investment is attracted due to these factors and advantages offered by Singapore. Apex visas highlights the procedure and eligibility to apply for permanent residency in Singapore. The categories of foreigners that are eligible to apply for permanent residence in Singapore include spouse and unmarried children (below 21 years old) of a Singapore Citizen (SC)/ Singapore Permanent Resident (SPR), Aged Parents of a SC, P, Q or S work pass holders and Investors/Entrepreneurs.