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Singapore becomes top choice for global entrepreneurs: HSBC

In the recently-released HSBC Global Entrepreneurial Wealth Report 2025, 15% of entrepreneurs cited Singapore as the top destination for their wealth, ahead of the United Kingdom and Switzerland (11% each).

A corner of Singapore (Photo: AFP)
A corner of Singapore (Photo: AFP)

Hanoi (VNA) - Singapore has been ranked the top choice for entrepreneurs moving their wealth and for personal relocation, HSBC said.

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 United Kingdom and Switzerland (11% each).

Singapore was also named the top destination for personal relocation by 12% of the respondents.

In Singapore itself, only one in five are considering moving their wealth elsewhere. Entrepreneurs in Singapore 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./.

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