The Long-Term Visit Pass (LTVP) is a visa that allows foreigners to stay in Singapore for up to two years. It is typically issued to the spouses, parents, children, or dependent siblings of Singapore citizens or permanent residents.
Eligibility requirements
To be eligible for an LTVP, you must meet the following requirements:
- Be a spouse, parent, child, or dependent sibling of a Singapore citizen or permanent resident.
- Be of good character and health.
- Have no criminal record.
- Have sufficient financial means to support yourself and your dependents in Singapore.
Sufficient Financial Means for an LTVP in Singapore
When applying for a Long-Term Visit Pass (LTVP) in Singapore, demonstrating sufficient financial means is crucial. This requirement ensures that you can support yourself and any dependents without relying on public assistance. Here’s a breakdown of what constitutes sufficient financial means and how to prove it to the authorities:
What Constitutes Sufficient Financial Means?
The exact amount required will vary depending on your circumstances, including:
- Number of dependents: More dependents generally mean a higher financial requirement.
- Living expenses in Singapore: Costs can vary significantly depending on your lifestyle and chosen location.
- Your sponsor’s income and assets: If your sponsor is a Singaporean citizen or Permanent Resident, their financial stability will be considered.
Common Ways to Prove Financial Means:
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Bank Statements: Providing recent bank statements (usually 3-6 months) is essential. These should show a consistent income stream and sufficient funds to cover living expenses.
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Employment Contract and Payslips: If you are employed, submit your employment contract and recent payslips to demonstrate your income.
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Business Registration and Financial Documents: If you are self-employed or own a business, provide your business registration documents and recent financial statements (profit and loss statements, tax returns, etc.).
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Investment Portfolio: If you have investments, provide documentation such as stock certificates, bond holdings, or investment account statements.
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Sponsor’s Financial Documents: If your sponsor is supporting you, they may need to provide their income tax returns, bank statements, and employment contract or business documents.
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Letter of Financial Support: If you have a sponsor, they may need to provide a letter of financial support stating their commitment to supporting you financially.
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Application process
The application process for an LTVP can be done online or in person at the Immigration & Checkpoints Authority (ICA) of Singapore. To apply for an LTVP online, you will need to create an account on the ICA website. Once you have created an account, you can submit your application online. To apply for an LTVP in person, you will need to submit your application at the ICA. You can find the ICA’s address and contact information on their website.
Required documents
When you apply for an LTVP, you will need to submit the following documents:
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- A completed application form
- A recent passport-sized photograph
- A copy of your passport
- A copy of your marriage certificate or birth certificate (if applicable)
- A letter of invitation from your Singaporean sponsor
- Proof of financial means
- A police clearance certificate
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Processing time
The processing time for an LTVP application is typically four to six weeks. However, it may take longer if your application is complex or if you need to submit additional documents.
Here are some tips for a successful LTVP application:
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- Make sure that you meet all of the eligibility requirements.
- Submit all of the required documents.
- Be patient and wait for the processing time.
- If your application is rejected, you can appeal the decision.
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Additional Tips for a Smooth Application:
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- Maintain Clear Financial Records: Keep organised and accurate financial records to streamline the application process.
- Consult with a Financial Advisor: If you have complex financial situations, consider consulting with a financial advisor to help you prepare the necessary documents.
- Seek Professional Immigration Assistance: If you’re unsure about the specific requirements or need help with the application process, consider consulting with an immigration lawyer or consultant.
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Remember: The Immigration & Checkpoints Authority (ICA) of Singapore has the final say on whether your financial means are deemed sufficient. It’s best to be well-prepared and provide clear, comprehensive documentation to support your application.