In recent years, Singapore'simmigrantsThe policy has gone through a number of changes aimed at attracting more highly skilled people and entrepreneurs who meet the country's development needs, while controlling population growth and maintaining social stability. With the advent of 2024, the Singapore government has further adjusted its immigration policy, particularly in the area ofskilled migrant,investment immigrationand regulations on family reunification. This article will explain the 2024Singapore Immigration Policychanges and analyze the impact of these new regulations on potential applicants.

1. Changes in skilled migration policy

ask:: 2024.Singapore Skilled MigrationHow has the policy changed?

echo: Singapore has been attracting highly skilled labor, especially in the fields of technology, finance, engineering, etc. In 2024, in order to more accurately match the market demand, Singapore has adjusted its policy on skilled migration. Below are the major changes:

• Upgrading salary requirements: For foreign skilled workers applying for PR through the Employment Pass (EP), the Singapore government has raised the salary threshold. 2024, applicants will need to earn a monthly salary of at least S$4,500 (up from S$4,000 previously), an adjustment that is aimed at applicants with higher levels of skill and experience in their field of specialization.
• Prioritized policies for specific industries: The Singapore government is favoring professionals in sectors that can contribute to the country's economic growth, such as fintech, biomedicine, artificial intelligence, etc. In 2024, applicants with EPs who are working and performing well in these fields may have an easier time obtaining PR approval.
• Introduction of a points-based assessment system: In 2024, the Singapore government introduced a points-based assessment method that will score applicants based on a number of factors, including their educational background, work experience, and ability to contribute. High-scoring applicants will be more competitive in PR applications. This new initiative aims to ensure that skilled migrants truly add long-term value to Singapore's economy.

2. investment immigrationChanges in policy

ask: 2024, Singapore'sinvestment immigrationHas the policy changed?

echo: Singapore's investment immigration program, the Global Investor Program (GIP), has been a major immigration channel for high net worth individuals and entrepreneurs.2024 The government has made several changes to the GIP as follows:

• Increase in the level of investment: Whereas the original minimum investment was S$2.5 million, from 2024, Singapore will require investors to invest at least S$5 million. This change will make the Singapore Immigrant Investor Program more geared towards high net worth individuals and entrepreneurs with greater financial strength.
• Stricter vetting mechanism: With the increase in the amount of investment under the Global Investor Program, the Singapore government has become more stringent in vetting applicants. In addition to more detailed scrutiny of the entrepreneur's investment background, financial situation, business plan, etc., applicants are also required to provide specific proposals on how they will help the local economy and create jobs.
• Additional areas of investment requirements: The government encourages investors to focus on Singapore's innovation and high-tech sectors, particularly those related to sustainability, green economy, artificial intelligence, etc. 2024 Singapore has also launched a dedicated fund for related sectors to encourage investors to invest in these forward-looking and technology-rich industries.

3. Adjustment of the family reunification policy

ask: What are the changes to Singapore's family reunion policy in 2024?

echo: Singapore has always attached great importance to family reunion, especially during the immigration process. 2024 saw a slight change in the policy on family reunion, mainly in the following areas:

• Requirements for spouses and children: In 2024, the Singapore Government introduced stricter requirements for spouses and children to apply. Spouses must have a stable local source of income and be able to provide sufficient financial security for the family. The upper age limit for children has also changed. The original age limit for children who can apply for PR is below 21 years old, but from 2024, the upper age limit for children has been raised to 25 years old, which means that older children can also have the opportunity to apply for PR.
• Requirements for the schooling of children: The Singapore Government wants the children of migrant families to be better integrated into the local community. As such, the schooling requirements for applicants' children have changed since 2024, requiring more children to participate in full-time studies in local schools to enhance the social adjustment of family members.

4. Adjustments to the policy on long-term residents and green cards

ask: What are the changes in Singapore's long-term resident policy?

echo: The Singapore Government has made changes to its policy on long-term residents in 2024, mainly to better manage and optimize the local population structure. The changes include:

• Long Term Resident Status (LTVP) Application Requirements: From 2024, applicants for Long Term Resident (LTVP) status will be required to be more financially independent and must pass an Immigration and Checkpoints Authority (ICA) assessment. This adjustment will allow Singapore to place greater emphasis on the applicant's social adaptability and ability to contribute when processing LTVP applications.
• Increased threshold for green card applications: With Singapore's growing demand for highly skilled people, the bar for applying for Singapore Permanent Resident (PR) has been raised from 2024. The new rules give more preference to highly qualified migrants who can contribute to the local economy, society and culture. It has become more difficult for applicants who do not have a stable career or do not have a good economic performance in Singapore to obtain PR.

5. Future direction of Singapore's immigration policy

ask: What are the future trends in Singapore's immigration policy?

echo: Policy changes in 2024 suggest that Singapore's immigration policy will focus more on quality than quantity. In the future, immigration policy is likely to evolve further in the following directions:

• Focus on attracting high-tech talents and innovative enterprises: Singapore will continue to attract top talent in areas such as technology, finance and medicine, especially those who can drive Singapore's economic growth and enhance its international competitiveness.
• Stricter vetting criteria: The Singapore Government will strengthen the background screening of immigration applicants to ensure that their social and economic contributions are in line with Singapore's development needs.
• Optimization of the population structure: Singapore will focus more on the balanced development of the local population, prioritizing immigrant groups that can bring about positive changes in society.

summarize

Singapore Immigration Policy 2024The adjustments not only raise the requirements for investment and skilled immigrants, but also put more emphasis on the immigrants' contribution to the local community. For potential applicants, adapting to the new policies and making adjustments based on their own qualifications will help boost their chances of obtaining PR or citizenship. As Singapore gradually transitions to a more refined immigration management, future immigration policies will pay more attention to the quality of talent and the social integration of immigrant families, to ensure that immigrants can better integrate into the local community while contributing to Singapore's development.