Singapore’s Rise: Where Half the World’s Entrepreneurs Dream to Build the Future

Entrepreneurs on the Move: Singapore Leads as Top Relocation Destination

A new global report by HSBC highlights a striking trend among affluent entrepreneurs: over half (57%) are contemplating relocation to another country within the coming year. This figure has increased slightly from 55% last year, with young entrepreneurs, particularly Gen Z, displaying the strongest intent to move.

Singapore has emerged as the most sought-after destination, cited by 12% of respondents as their preferred new home, outpacing the United Kingdom (10%), Japan (9%), and Switzerland (9%). The choice reflects strong confidence in Singapore’s political stability, robust financial infrastructure, high quality of life, and strategic positioning as an international business hub.

Interestingly, only a third of entrepreneurs cited tax efficiency as a motivation, ranking it behind key drivers such as business expansion into new markets (67%), access to fresh investment opportunities (67%), and improved quality of life (63%). Concerns over personal safety and better educational options also ranked higher than tax considerations.

This evolution signals that entrepreneurs are increasingly prioritizing long-term strategic growth and lifestyle factors over traditional tax incentives for relocation decisions. Notably, the U.S. has dropped to the fifth spot on the most desired destinations for relocation, reflecting shifting global dynamics.

Key Takeaways

Surge in Relocation Plans: 57% of entrepreneurs plan to relocate within 12 months—up from 55% last year.

Singapore’s Rise: Leading destination at 12%, favored for stability, connectivity, and quality of life.

Business-Driven Moves: Expansion to new markets and investment access top motivators (67% each).

Quality of Life Matters: 63% prioritize improved lifestyle, with education and safety also key concerns.

Tax Not Prime Factor: Tax savings rank low (only 1/3 cite it), dispelling a common relocation myth.

Gen Z’s Wanderlust: Over three-quarters of younger entrepreneurs are considering moves, indicating generational shifts.

Shifting Global Preferences: U.S. declines in popularity for relocation, while Japan and Switzerland gain traction.

Notable Insights

Entrepreneurs seek global diversification of wealth and business operations, with Singapore acting as a gateway to Asia.

Local entrepreneurs in Singapore remain rooted, showcasing the city-state’s growing hub status for international business.

Investment in technology, especially AI, is driving optimism about future growth among entrepreneurs surveyed.

Sources: HSBC Global Entrepreneurial Wealth Report 2025, CNBC, The Business Times Singapore, Reddit