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PEP approval chances and any future impact to PR application?

Last activity 25 October 2022 by beppi

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kt1987

I am considering applying for a PEP given the uncertain economic times ahead and risk of layoffs/recession globally. I am quite comfortable at my current job but feel I need a safety net just in case. Also given the salary bracket increases from next year, I am thinking to apply before that kicks in


Background


Indian National Age 35


Duration in Singapore - 10 years (across 2 companies)


Base salary - $18k per month / working as a product manager in tech


TC (including stocks/bonus/others) - $270K P/a


Education - bachelors from India


Previous PR applications in 2020/21 as a single - both rejected


Plan to get married early next year to a Singaporean PR - and apply for PR under her sponsorship about 9-12 months after



Questions:


1- What are the chances of PEP being approved if a apply in a few months? (Given my current base wont meet their future requirements) Is there a high rejection rate like some EP's and many PR applications?


2- Does this have any potential impact on my future PR application after marriage?


3- Or does it make more sense to apply only IF my company does a lay off similar during the upcoming economic downturn

beppi

I think a PEP (whether approved or not) would not have an impact on any future PR application, given that they are processed by different government agencies (MoM and ICA).

To develop a plan B only when a lay-off occurs seems a bit late to me - your applications are likely to take months to process!

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