VISA APPROVAL

Anton Laus

Anton Javier

Myrthelle Velasco

SINGAPORETARGET COUNTRY: GDP: 297.9 BILLION USD IN 2013

POPULATION: 5.399 MILLION IN 2013

Singapore is rated #1 in the world by World Bank for ease of doing business

Singapore is ranked the third wealthiest nation in the world by Forbes magazine.

Singapore has been ranked as the third most globalized economy among 60 of the world’s largest economies in the recently released Ernst and Young 2011 Globalization Index

Singapore is rated #1 as the most politically stable country in Asia

Singapore is rated #1 as the best labor force in the world

Singapore is rated #1 in Asia for quality of life

INDUSTRY OVERVIEW

29%

71%

Manufacturing

Agriculture

Services

Highly dependent on imports

Its economy is driven by electronics manufacturing and financial services

CENTRAL REGION

CENTRALIZED AREA MAKES IT ATTRACTIVETO BOTH WORKING PROFESSIONALS AND STUDENTS

335,400 RESIDENTIAL HOUSING UNITS

FOCUS

POPULATION PER REGION

CHOSEN SERVICE

CAREGIVING SERVICES

MODE OF SUPPLYMOVEMENT OF NATURAL PERSONS

LATE LIFERSTARGET MARKET

AGES 60 and above

Recorded population in 2013 is 642,000

Known as the “Late-lifers”

Expected to rise to 743,000 in year 2016

Estimated to grow to about

DECREASE IN BIRTH RATES AND INCREASE OF THE ELDERLY

CHANGE IN LIFE EXPECTANCY

Singapore’s life expectancy has increased by 10 years over the last 3 decades: 72 years in 1980 to 82 years in 2011

At current fertility and immigration rates, Singapore will have more citizens in the older age group in 2030

http://www.nptd.gov.sg/portals/0/news/OP-Projection%20of%20foreign%20manpower%20demand%20for%20healthcare%20sector%20construction%20workers%20and%20foreign%20domestic%20workers.pdf

At current fertility and immigration rates, the median age of the citizen population will increase from 39 years in 2011 to 45 years in 2030

The number of elderly aged 65 years and above will increase from 340,000 (10%) in 2011 to 900,000 (24%) in 2030

In particular, the number of citizens aged 80 years and above who will require more care and support will increase from 70,000 in 2011 to 210,000 in 2030. We anticipate an increasing demand

Anticipate an increasing demand of healthcare and caregiving support for the elderly

Due to declining fertility rate, the elderly of tomorrow will have fewer children to care for them compared to elderly of today

More singles and more elderly projected to be living alone in 2030

Number of elderly citizens living alone increased from 6,000 in 1990 to 29,000 in 2011 and may reach 92,000 by 2030

There will be a need for more community and home-based care to support the needs of the elderly

INCOME BY AGE GROUP

EXPENDITURE

SERVICE REQUIREMENTS

REQUIREMENTS TO ESTABLISH A BUSINESS1. You must engage a professional firm to register a Singapore

company. Singapore law does not allow foreign individuals or entities to self-register a company.

2. There is no requirement for you to obtain any special Singapore visa if you merely want to incorporate a private limited company but have no plans to relocate to Singapore. You are free to operate your company from overseas as well as free to visit Singapore on a visitor visa whenever required to attend to company matters on a short-term basis.

3. If you plan to relocate to Singapore to operate your company, you are required to obtain an Employment Pass or Entrepreneur Pass type of work pass.

4. All Singapore company incorporation formalities (as well as work permit formalities, if applicable) can be handled without you having to visit Singapore. The only exception may be opening a bank account, depending upon the bank you choose.

ENTREPASS1. You wish to establish a business in Singapore and relocate to

Singapore to run it. The proposed business idea must be entrepreneurial and innovative in nature, and able to create local employment.

2. You have an entrepreneurial and/or relevant background.

3. You plan to register your business as a Singapore private limited company and not as a sole proprietorship or partnership.

4. You have not yet incorporated your company, or the company is not more than six months old at the time of EntrePass application.

5. You plan to have at least 30% shareholding in the proposed business.

6. The company will have a minimum paid-up capital of S$50,000.You are sponsored by a well-established Singapore-registered company or are able to furnish a Banker’s Guarantee of $3,000 issued by a Singapore-based bank upon approval of application.

REQUIREMENTS FOR A E-PASS

Aside from the minimum salary, the applicant’s educational qualifications and work experience are also key considerations for the MOM in granting the EP.

A tertiary degree from a reputable university and relevant professional experience is important. Applicants should be educationally qualified with qualifications from reputable institutions

The minimum salary requirement of S$3,300 is typically applicable to fresh graduates from good quality educational institutions; whereas older applicants who are experienced will need to command higher salaries in order to qualify.

There is no official quota system. Each application is reviewed by authorities based on the credentials of the employing company and the applicant.

REQUIREMENTS FOR A CAREGIVER LICENSE

You need to be older than 23

You need to be service oriented, genuinely interested in caring for an elderly or a sick client

You need to be in good health

REFERENCES

http://www.statista.com/ http://articles.economictimes.indiatimes.com/2012-11-12/news/

35067133_1_foreign-workers-foreign-maids-healthcare-sector

http://www.portal.euromonitor.com/portal/analysis/tab https://www.edb.gov.sg/content/edb/en/industries/industries/

healthcare.html http://www.guidemesingapore.com/incorporation/introduction/si

ngapore-incorporation-advantages

http://population.sg/engagement/townhall/opening-address/#.VP1X2oGUc4Q

http://www.ask.com/geography/filipinos-known-hospitable-be883554ddaaa2e8#full-answer