Almost paradise: Foreign retirees, digital nomads drawn to South-east Asia

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Published March 18, 2023 by The Straits Times

Almost paradise: Foreign retirees, digital nomads drawn to South-east Asia The Straits Times

There is steady interest for both a new work pass aimed at top foreign talent, and a scheme that awards permanent residency to major foreign investors, as Singapore plays to its strengths over those of its neighbours.

These talents and investors are drawn to the Republic for its business opportunities in cutting-edge sectors, good governance and high quality of life, despite employment and investment schemes with onerous rules and a higher cost of living, said immigration and talent watchers.

Since Jan 1, top foreign talent who earn $30,000 in gross monthly salary or more from a single employer, among other criteria, are able to apply for the Overseas Networks and Expertise (One) Pass, unveiled by Minister for Manpower Tan See Leng in August 2022.