People gather on the boardwalk at Marina Bay in Singapore on Jan. 9, 2024. Photo by AFP
Singapore has been ranked the top choice globally for entrepreneurs moving their wealth and for personal relocation, according to a report by HSBC.
In the bank’s recently-released Global Entrepreneurial Wealth Report 2025, 15% of entrepreneurs cited Singapore as the top destination for their wealth, ahead of the U.K. and Switzerland (11% each).
The city-state was also named the top destination for personal relocation by 12% of the respondents.
Among those currently in Singapore, only one in five respondents is considering moving their wealth elsewhere. Entrepreneurs in the country also rank bottom for contemplating a personal move abroad.
As many as 63% of Singapore-based entrepreneurs also live across multiple markets, above the global average of 56%, which HSBC said “underscores the city-state’s international reach.” The country also attracted the largest inflows of wealth from its neighbours, especially Indonesia and Malaysia, said the bank.
