Benefits of Becoming a Singapore Citizen

Singapore is a vibrant city-state known for economic prosperity, safety, and a high-quality of life. Citizens here are known to enjoy a host of advantages and benefits that come with citizenships. No wonder becoming a Singapore Citizen is a life-changing decision for you and you family since it opens doors to a wide range of opportunities.

Before looking into the citizenship application requirements, you need to be sure of what is bound to come your way. In this simple guide, we examine the key benefits of becoming a Singapore citizen.

Education Benefits

Singaporean children are enrolled under the Edusave Scheme, which rewards them for doing well in both their academic and non-academic activities. The funds added into the account can be used to help pay for certain fees. If this is not enough, Singapore Citizens pay the lowest fees for public education. Additionally, they are given the largest amount of subsidies for private and tertiary education.

Housing Benefits with Singapore Citizenship

While Singapore real estate is at a premium, Singapore citizens enjoy significant benefits in housing. Only citizens can purchase and rent apartments from the Housing and Development Board (HDB), which offers a range of subsidized flats, including 2-room to 5-room flats, executive condos and studio apartments.

Not to mention, Singapore citizens benefit from a host of housing grants and concessional loans from the HDB, making homeownership more affordable. It is worth mentioning that eligibility is subject to fulfilling certain conditions.

Central Provident Fund (CPF) Contributions

The Central Provident Fund (CPF) is a cornerstone of Singapore’s financial planning system, benefiting citizens more than any other resident status. So, what do you stand to gain? Well, you get up to 17% of your monthly salary, building significant retirement savings.

You can use CPF funds to pay for housing loans, medical bills, and investments. As a citizen, CPF contributions not only secure your retirement but also offer financial flexibility throughout your life.

Voting Rights and Political Participation

Taking up Singaporean citizenship also grants you the right to vote in national elections and have a say in the country’s leadership. As a citizen, you can also run for public office or engage in government activities. Aside from the tangible benefits, being able to shape the future of your country is a privilege unique to citizens. Ensure you have a clear insight into the citizenship application requirements before taking up this opportunity.