Singapore: A Global Hub for Entreprenuerial Wealth
The Global Entrepreneurial Wealth Report 2025, published last week by HSBC, confirms what many of us already know: Singapore isn’t just a city; it’s a thriving ecosystem designed for entrepreneurial success. And where entrepreneurs go, they bring their drive to innovate, develop new products and diversify into new markets and sectors, which directly boosts economic growth and employment opportunities.
Why is Singapore attractive?
- Regional Powerhouse: Singapore is a key Asian market entrepreneurs surveyed has their eyes on, ahead of China, Hong Kong and India. It’s a leading financial and trade hub, boasting a strong regulatory framework, abundant capital, and a skilled talent pool. This supports entrepreneurs’ expansion ambitions, particularly through investments in artificial intelligence and people; only 3% of entrepreneurs surveyed here are looking at decreasing staff headcount as a strategy.
- Connectivity: Serving as a magnet for regional wealth and attracting entrepreneurs in neighbouring countries such as Indonesia and Malaysia. Singapore is a great place to be because it ticks all the boxes of business, lifestyle and investment, making it the ideal location for Ultra High Networth Individuals (UNHWs). More than just business benefits, Singapore offers a safe environment, convenient international transportation links, world class hard and soft infrastructure and amenities, making it an ideal destination for entrepreneurs and their families.
The findings here underscore the Singapore Government’s success in courting UNHW entrepreneurs through targeted initiatives designed to ease their entry and integration. These initiatives include streamlined processes for setting up family offices, attractive tax incentives for investments, and dedicated government support to navigate regulations and connect with relevant networks.
If you are interested in finding out more about expanding your business into Singapore, come talk to us at Singapore@Alitium.com . In the meantime, you may be interested in our article: Navigating Work Passes for Foreign Workers in Singapore
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