Home >
Business
>
Business
>
Singapore Company News: High Net Worth Individuals in Singapore Increased in Number
Singapore Company News: High Net Worth Individuals in Singapore Increased in Number
The increase in the figures of high net worth individuals or millionaires in Singapore has added to the confidence of Singapore’s government to continue promoting their country as a zone of individual and business success.
Singapore,
Singapore,
Singapore
(pr4links.com)
04/10/2010
"The increase in the figures of high net worth individuals or millionaires in Singapore has added to the confidence of Singapore’s government to continue promoting their country as a zone of individual and business success."
The increase in the figures of high net worth individuals or millionaires in Singapore has added to the confidence of Singapore’s government to continue promoting their country as a zone of individual and business success. It also triggers the interests and eagerness of business enthusiasts and investors worldwide.
According to the report, the population of millionaires has considerably increased by 32.7 percent and the combined wealth of HNWI streamed on about US$369 billion.
The report also presented HNWIs as individuals whose investible assets ranges to a minimum of US$1 million not including their residence and other collectibles. Singapore pursued the trend which is applied within the Asia-Pacific region. This trend enabled Asia-Pacific region to increase the population of millionaires by 25.8 percent thus making it competitive enough to the millionaire’s population of Europe.
Singapore’s contribution has been noted on Asia-Pacific’s HWNI wealth which noticeably increased by 30% in 2009, making it go beyond Europe’s HWNI wealth.
“The increase in Hong Kong’s HNWI figure has been recognized worldwide for its highest growth percentage reaching 104.4 percent in 2009 which is a representation of a huge effort from the drop of figures recorded in 2008.” The report added.
In addition, India has also been recognized by its 50% growth in HNWI population which is achieved by the help of its stock markets. A 76.1 percent was also noted for Australia, China and Japan which contributed to 70% of Asia Pacific’s wealth in 2009. It has also been noted in the report that India and China will provide greater contribution this year because of its ongoing economic expansion.
According to business solutions provider Rikvin, Singapore’s competitive edge in terms of economy and business endeavors has helped and pushed individuals to succeed and be given a chance to be listed as a High Net Worth Individual.
“The figure of billionaires based in Singapore has contributed to having a competitive economy in Singapore by pioneering established corporations, deciding to start up new businesses and investing on business potentials.” Rikvin spokesman said.
Contact Rikvin
Rikvin is the leading Singapore Company Incorporation and work pass specialists. It has successfully assisted thousands of foreign entrepreneurs process their Singapore Employment Pass Application and their Singapore Subsidiary Registration.
Our office is located at Raffles Place, in the heart of the Singapore business district. ("CBD")
If you're in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours. Appointments are welcome but definitely not necessary.
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436
http://www.rikvin.com/