Singapore
Singapore · Southeast Asia · Asia
Singapore is a gleaming tropical city-state that fuses Chinese, Malay, Indian and Western cultures into one of the world's most orderly, safe and connected metropolises. Sky-high rents and the planet's fastest broadband sit beside Michelin-starred hawker stalls, lush rooftop gardens and a frictionless transit system. For affluent relocators it offers stability, English fluency, a major Asian finance and tech hub, and an enviable base for regional travel.
Wealth migration
Inflowing+3.5kStill a top-tier magnet on its family-office boom, but Singapore's millionaire inflow is cooling to record lows as the UAE and Hong Kong compete.
Tax regime
No capital gains tax; family-office tax incentives (13O/13U/13OA)
Top rate rose to 24% in 2024; no CGT, no inheritance tax, and foreign income largely untaxed make it a magnet for family offices
Golden / investor visa
Global Investor Programme (GIP)
from $7,400,000
Min S$10M into a Singapore business (Option A); S$25M GIP-select fund (B); or S$200M-AUM single family office (C). Fee raised to S$20k from May 2025.
Official source →Why the wealthy are moving, 2025-26
- Family-office boom: single-family offices crossed 2,000 in 2025 with combined AUM ~US$66.8B (+43% YoY), backed by MAS 13O/13U/13OA tax incentives extended to 2029
- MAS July 2025 move to cut family-office tax-incentive approvals to within 3 months, easing a key bottleneck for UHNW relocations
- Capital fleeing the UK non-dom abolition (Apr 2025) and seeking Asia exposure with political stability and rule of law
- No capital gains tax, no inheritance tax and low (24% top) personal income tax keep it Asia's premier wealth-management hub
- Net inflow cooling to a record-low +1,600 projected for 2025 (from +3,500 in 2024) as high GIP thresholds and steep property prices push some HNWIs toward Hong Kong and the UAE
The circuit stops here
3 stops a yearWhen the world's wealth lands in Singapore: the annual events that put it on the rich circuit.
- ART SG & Singapore Art Week
Mid-January·Art market
- Singapore Grand Prix
Late September·Sport
- TOKEN2049 Singapore
Early October·Power
More of Singapore
Monthly cost breakdown
$6,100solo nomad · mid-rangeClimate
Tropical rainforest (hot and humid year-round)Pros
- Among the safest cities in the world with very low crime
- World's fastest fixed broadband and excellent infrastructure
- English is an official language, easing daily life and business
- Clean, efficient public transport and high walkability
- Major Asian finance and tech hub with strong job and networking opportunities
Cons
- Very high cost of living, especially rent and car ownership
- Hot and extremely humid year-round with frequent rain
- No dedicated digital-nomad visa; work passes have strict criteria
- Strict laws and limited nightlife freedom compared to peer cities
Where nomads stay
Central business core with luxury condos, restaurants and easy commutes.
Hip, walkable Art Deco enclave of indie cafes, bakeries and a famous market.
Premium shopping belt with upscale apartments and expat amenities.
Leafy, family-friendly expat favourite with brunch spots and bars.
Coworking
- The Great Room
- WeWork (multiple locations)
- JustCo
- The Hive Carpenter
Annual events
- Formula 1 Singapore Grand Prix (Marina Bay night race)October
- Chinese New Year (Chinatown festivities)February
- Singapore Food FestivalAugust
