Singapore has always been known for its clean and efficient government image, coupled with a booming economy, comfortable living environment, business-friendly environment, etc., a large number of high net worth people migrate to this country.

Transparency International recently released the “2024 Annual Integrity Index” shows that Singapore has once again become the cleanest country in Asia.

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Singapore - the first in the Asia-Pacific region

February 11, “Transparency International” released the “2024 Annual Integrity Index” report. The report is based on a combination of data from 13 groups of expert assessments and business perspectives, with the Integrity Index ranging from 0 (most corrupt) to 100 (most incorruptible).

In this ranking, Denmark tops the list for the seventh consecutive year as the world's cleanest country with a score of 90, followed by Finland. Singapore, on the other hand, is ranked third in the world with a score of 84, and is the only Asian country in the top ten.

Compared to 2023, Singapore's score in 2024 has risen by one point and its ranking has improved by two places, and for the first time since 2010, it has overtaken New Zealand to take the crown as the Asia-Pacific region's cleanest country.

A clean government environment ensures the rational allocation of public resources and the efficient and fair implementation of policies to provide quality services to residents.

It is for this reason that Singapore attracts many high net worth individuals from around the world every year.

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The top destination for HNWIs

At the end of last month, HSBC released its latest Global Wealth Centers 2025. According to the report, out of the 23 countries and regions surveyed, Singapore is the top destination for HNWIs considering relocation.

According to the report, Singapore's unique advantage of being able to provide first-generation entrepreneurs in the Asia-Pacific region with professional asset management services within a corporate framework to help them pass on their wealth to the next generation has been successful in attracting many tycoons.

In addition, Singapore's efficient and transparent government services, livability, tax incentives and ease of doing business have greatly enhanced its appeal as a relocation destination.

According to data provided by the Monetary Authority of Singapore (MAS), the number of single-family offices in Singapore has exceeded 2,000 by the end of 2024.

The reason behind this significant growth stems from the fact that Singapore has attracted strong interest from a large number of entrepreneurs from Mainland China and Hong Kong. Relevant reports show that 24% of Hong Kong entrepreneurs and 20% of Mainland China entrepreneurs surveyed have purchased a second home in Singapore.

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Popular Ways to Move to Singapore

If you are looking to move to Singapore, the Self-Employed PIC Program is certainly a low-cost and efficient way to migrate to Singapore.

Through this program, you register a private limited liability company in Singapore for financial investment and management activities.

You can then apply for a Singapore Employment Pass as a shareholder, director or professional investor in the company, and in the future, you can also apply to become a Singapore Permanent Resident or even a Singapore Citizen.

The application requirements are as follows:

★ Education: Tertiary or above;

★ Age: 25-50 years old;

★ Investment: from S$1 million;

★ Other: Have some experience in entrepreneurship and investment.

In addition, you can apply for a Dependent Pass (DP) or Long Term Visitor Pass (LTVP) for your family members.

If you are interested in relocating to Singapore, please feel free to contact us and we will provide you with a customized solution.