The report revealed that Singapore is the most popular destination for those considering a personal move abroad (9%), with the strongest interest from entrepreneurs in Hong Kong (19%), Taiwan (16%) and India (15%).
Almost one in ten (9%) wealthy business owners from leading global markets say they plan to conduct business in Singapore in the next 12 months, with the number rising to 18% for China and 17% for both India and Taiwan, a report by HSBC found.
HSBC’s global entrepreneurial wealth report 2024, researched 1,798 high net-worth (HNW) business owners with at least $2 million investable assets and ultra-high net worth (UHNW) entrepreneurs with a net worth of more than $100 million across the UK, US, France, Switzerland, China, Hong Kong, Taiwan, Singapore, India and UAE.
