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HSBC Report: Singapore Emerges as Top Destination for Entrepreneurial Wealth and Relocation
Published Time：
2025-10-05 15:31
Source：
Singapore, September 29, 2025 — According to HSBC’s newly released Global Entrepreneurial Wealth Report, Singapore has further strengthened its position in global wealth management and international relocation, emerging as the top choice for entrepreneurs seeking to transfer wealth and relocate. The report reveals that 15% of surveyed entrepreneurs are considering transferring wealth to Singapore, surpassing the UK and Switzerland at 11%. Meanwhile, 12% view Singapore as their preferred relocation destination, reflecting strong confidence in its political stability, global connectivity, and high quality of life.
Against the backdrop of a new phase of globalization, cross-border wealth flows are undergoing significant changes. Nearly three in five (59%) entrepreneurs have already internationalized their wealth allocations, more than half (57%) are considering relocating abroad, and nearly half (49%) plan to expand into new markets. Despite market volatility, an overwhelming 94% remain confident about future growth, with 90% expecting personal wealth to increase further. Many believe that technology—particularly artificial intelligence—will serve as a major driver of business expansion.
Singapore has stood out in this global trend, attracting a growing number of entrepreneurs from the region, especially from Indonesia (47%) and Malaysia (38%). Leveraging its stable policy environment and strong international networks, Singapore continues to strengthen its role as a gateway for both wealth and relocation. The report also notes that 63% of Singapore-based entrepreneurs reside across multiple markets—higher than the global average of 56%—highlighting their extensive international ties. Meanwhile, over one-third of Hong Kong entrepreneurs live in mainland China, with one-quarter choosing Singapore as their base for work and life, further reinforcing the city-state’s position as Asia’s hub.
Singaporean entrepreneurs also remain highly optimistic about the future, with 95% expecting continued personal wealth growth and 97% expressing confidence in business prospects. Their expansion strategies are more focused on capturing domestic opportunities: 41% are considering acquiring local businesses, compared to the global average of 25%, and 33% are exploring domestic mergers. While these strategies differ slightly from their global peers, they nonetheless demonstrate both ambition and resilience. In addition, 49% of Singapore entrepreneurs are actively planning for succession, underscoring the importance they place on wealth transfer and long-term sustainability.
In terms of investment and consumption, Singaporean entrepreneurs display a strong preference for diversification. Many hold assets such as life insurance, private equity, private credit, and real estate, while also reinvesting wealth into their businesses or retaining it as cash reserves. On the lifestyle front, 61% favor luxury travel, 59% purchase high-end fashion and jewelry, 56% buy cars, and 53% even invest in fine wines and rare vintages—well above the global average of 26%.
Fozuling has established a presence in Singapore, Malaysia, Indonesia, China, and Germany, forming a business network that spans across Asia and Europe. This diversified footprint enables Fozuling to stay closely attuned to regional market developments while delivering targeted cross-border services and solutions. By leveraging resources and strengths from multiple markets, the company builds a solid international platform for its partners, helping them achieve efficient collaboration and seamless integration across borders. In doing so, Fozuling empowers its partners to seize emerging industry opportunities and advance regional cooperation, fostering sustainable and long-term growth in the era of globalization.
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