<p>  Singapore has recently overtaken Hong Kong in the ranking of Asian cities with the largest number of "high net worth individuals" (HNWIs) - high-income individuals, officially regaining the status of a regional center for millionaires. According to the World Wealth Report, which was conducted by Capgemini and RBC Wealth Management, in Singapore, there were about 91,200 high-income individuals registered in Hong Kong compared to Hong Kong, which boasts 83,600 rich. These differences were observed in 2010, before Hong Kong jumped its rival Singapore last year. The report defines HNWI as individuals with more than 1 million US dollars in investment assets.</p><p>  Singapore and Hong Kong have been rivals over the past few decades in their quest to be the best place to do business in Asia. Although Hong Kong has traditionally been an Asian center that, like the sun rose more than a century ago, is forced to resist Singapore, which is rapidly implementing a friendly business policy that helps attract foreign investors wishing to establish their presence in Asia. Currently, both jurisdictions are considered internationally as financial and legal centers and the site of the busiest airports and ports in the world.</p><p>  Singapore and Hong Kong also placed great emphasis on the availability of a free flow of capital and a widely open economy, and one way to measure the success of this model is the number of rich people living in these two cities. Due to the presence of a large number of high-income individuals in comparison with other cities in Asia, Singapore is a "purse-city", "stuffed" with millionaires - one of the richest cities in the world.</p><p>  How does Singapore, with its small area and not having sufficient natural resources, managed to create so much wealth within its borders? Most of the success is due to the government's business policy, which has made everything - from the taxation infrastructure better than other global partners. The formation of assets is all about creating wealth and preserving this wealth, and Singapore has done an excellent job in both directions.</p><p>   </p><p><span style="text-decoration: underline;"><em><strong>"Why is Singapore great for "technical start-ups"<em><strong>?</strong></em></strong></em></span></p><p>  With a high density of wealthy people, Singapore is also a great place to establish contacts and seek like-minded people ready to invest in new business ideas. The physical location of the city itself is very beneficial, as it is located within hours of the largest emerging markets in Asia.</p><p>  Singapore is also a great place to maintain and grow your wealth. In Singapore, corporate tax rates are among the lowest in the world. Tax rates in Singapore are also very attractive compared to other major business centers. Rich people can find peace of mind, as their assets and business are safe because of low crime and decades of political stability.</p><p> </p><p>The possibility of creating wealth in Singapore is attractive to all who invest in the economy of the city-state. Eduardo Saverin - one of the founders of Facebook refused from US citizenship, replacing it with the citizenship of Singapore. The investor - millionaire Jim Rogers too can name Singapore as the new house.</p>