Singapore ranks third for building multi-generational wealth

On Jan. 13, the citizenship advisory firm Henley & Partners published an index of the best countries for families to relocate for better wealth. Singapore took third place behind Switzerland and the United States.

The firm assessed 27 countries on factors such as education, career advancement, livability, earning potential, economic mobility and job prospects.

Although Singapore took third place in the ranking with an overall opportunity score of 79%, the country received the highest score of 100 points for earning potential, as well as 97 and 92 points for the best employment prospects and economic mobility.

Innovative implementations and regional and international growth of the country also did not stand aside. The firm highlighted the country’s desire for full-scale development.

The country’s ranking is also the result of its focus on advanced developments in banking, engineering, financial and information technologies and software development.