Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Why Wall Streeters Are Packing Up In Droves And Moving To Singapore
Business Insider ^ | 06/12/2012 | Carrie Hojnicki

Posted on 06/12/2012 6:43:43 AM PDT by SeekAndFind

Bankers have always been a worldly crew, and since Facebook co-founder Eduardo Saverin renounced his U.S. citizenship and moved to Singapore, we've thought that island deserved our attention.

So we started digging and we found out that bankers are heading there in droves. In a recent Telegraph survey Singapore dominated a list of places that bankers said they wanted to work, with 27% of the vote it even beat out NYC.

Boston Consulting Group recently named Singapore the country with the world's densest population of millionaires -- 17 percent of all households, to be exact.

It's no surprise then that Singapore has become a veritable playground for the richest of the rich. If you've got the dough (and we mean serious dough) then there's plenty of room for you to play (and work) too.

Singapore is the best country in the world for doing business, according to a report released earlier this year by the World Bank. Here's why:

It takes, on average, three days to open a business. Trade is open and competitive: there are no tariffs on imports and foreign and domestic business are regulated equally.

Unemployment is only 2.1%

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: citizenship; singapore; wallstreet
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-99 next last
To: Buckeye McFrog
But there is virtually no personal freedom there. You can be heavily fined for being in possession of chewing gum. And possession of even the smallest amount of narcotics brings an automatic death penalty. They may be prosperous, but I suspect a whole lot of these folks will not enjoy life there.

Singapore is clean, well-run, absolutely safe and secure (partially thanks to strict drugs policy) relatively cheap compared to other Asian cities, has great travel links to go elsewhere quickly, and respects contracts and follows the rule of law. Its people are smart, polite, moderate and behave in public. It is, of course, low tax as well. Political correctness does NOT rule in Singapore, as it does in New York. Socialists are generally not welcome.

Unless you want to do drugs or advocate aggressively against the ruling Party in Singapore, you are absolutely free to do what you want, as in other places. It would not be a bad option when faced with NY crime, Bloomberg, and Obama as the other choice.

21 posted on 06/12/2012 7:01:02 AM PDT by PGR88
[ Post Reply | Private Reply | To 2 | View Replies]

To: miss marmelstein

I don’t know miss marmelstein.... I don’t know.


22 posted on 06/12/2012 7:01:23 AM PDT by Principled (It's not enthusiasm for Romney, it's grim determination to remove Hussein)
[ Post Reply | Private Reply | To 15 | View Replies]

To: miss marmelstein

They won’t be in NYC. The humudity in Singapore is incredible. They’ll probably be in vehicles.


23 posted on 06/12/2012 7:02:36 AM PDT by stuartcr ("When silence speaks, it speaks only to those that have already decided what they want to hear.")
[ Post Reply | Private Reply | To 18 | View Replies]

To: Right Brother

Actually, in NYC, you can still smoke - on the streets but not in offices or private clubs, for that matter. The streets of NYC are loaded with office workers, taking a break on the sidewalk, with their coffin nails. I give them 2 thumbs up when I walk by.


24 posted on 06/12/2012 7:03:14 AM PDT by miss marmelstein
[ Post Reply | Private Reply | To 11 | View Replies]

To: Teacher317

Actually I have.

The thing we all lose site of is, it is CHINA not Hongkong which is winning.

China.

China is becoming the next big country. Not Singapore. Not Hongkong. Not Japan, or Korea.

China. With 1.3 billion people. China.

That is what we all pretend we do not see.

China.


25 posted on 06/12/2012 7:03:43 AM PDT by Cringing Negativism Network (America doesn't need any new laws. America needs freedom!)
[ Post Reply | Private Reply | To 20 | View Replies]

To: PGR88

All of what you say is true, but I would never move there, for the same reason I could never live for any length of time in Hawaii - too confining.


26 posted on 06/12/2012 7:05:27 AM PDT by skeeter
[ Post Reply | Private Reply | To 21 | View Replies]

To: PGR88

The airport in Atl for example... TSA for one, long lines, and hassles w/ long lines and random searches coming in from overseas.

Singapore? Not even a line. Just go. Only those who they suspect are pulled aside. I have not EVER had to wait in a line at customs there. Not once. Just walk up, show passport, and continue. Nice people. But, I’m not smuggling.

I think they use a tactic similar to the Israelis ... they just look really hard [from behind a mirror] and they ask questions if they have a hunch - irrespective of religion/race/etc. And they’re good apparently.

In LA, my wife and family were apparently randomly selected for full searches [kids too] and ALL luggage once upon return [from Japan.] We missed our connection. Load of crap I say.


27 posted on 06/12/2012 7:07:26 AM PDT by Principled (It's not enthusiasm for Romney, it's grim determination to remove Hussein)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Buckeye McFrog

Money talks no matter the language.


28 posted on 06/12/2012 7:07:36 AM PDT by drypowder
[ Post Reply | Private Reply | To 2 | View Replies]

To: Zuben Elgenubi

Not contempt! I understand completely why these wealthy people are checking out of the United States. My point is that louche New Yorkers need to be thoroughly aware of the different culture. They often are the most parochial, provincial people on earth. I would say the same thing if they were all moving to London.


29 posted on 06/12/2012 7:07:47 AM PDT by miss marmelstein
[ Post Reply | Private Reply | To 19 | View Replies]

To: SeekAndFind

-—Unemployment is only 2.1%——

It’s sad to think about the vast, unnecessary waste of human potential in our country, due to socialist policies.


30 posted on 06/12/2012 7:09:25 AM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: miss marmelstein
Yes, you can. However, the ESSR (that's the European Union, for those in Rio Linda) has very stringent rules about non-visa holders, i.e. tourists, which you would be classed, staying in France, or generally anywhere else in the ESSR, for long consecutive periods.

Get a copy of Bob Bauman's "The Passport Book" for all the pertinent rules.

31 posted on 06/12/2012 7:09:54 AM PDT by SAJ (What is the next tagline some overweening mod will censor?)
[ Post Reply | Private Reply | To 15 | View Replies]

To: SeekAndFind

Hmm! Is that why Obama is training Singaporean naval officers and civilian Singaporean ministry of defense officials at the Naval Postgraduate school? To protect the bankers?


32 posted on 06/12/2012 7:12:29 AM PDT by hedgetrimmer
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
Why Wall Streeters Are Packing Up In Droves And Moving To Singapore

IN a word, MONEY! Or capital if you prefer...

33 posted on 06/12/2012 7:12:50 AM PDT by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I spent a week in Singapore a few years ago, and thoroughly enjoyed it.


34 posted on 06/12/2012 7:14:39 AM PDT by crosshairs
[ Post Reply | Private Reply | To 1 | View Replies]

To: SAJ

Sounds complicated! But thanks for the info. Unfortunately, I’m not wealthy enough to move to either Singapore or Paris.


35 posted on 06/12/2012 7:15:09 AM PDT by miss marmelstein
[ Post Reply | Private Reply | To 31 | View Replies]

To: PGR88
Unless you want to do drugs or advocate aggressively against the ruling Party in Singapore, you are absolutely free to do what you want, as in other places.

Looks that way. As long as you have money, stay away from politics, don't do drugs, and don't commit crime, you should be OK. Another plus for guys, is that feminists are upset about the lack of government interest there regarding sexual harassment.

36 posted on 06/12/2012 7:18:09 AM PDT by PapaBear3625 (If I can't be persuasive, I at least hope to be fun.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Cringing Negativism Network
Well, under the "PRC", its easier to open a business in Hong Kong than it is in the United States (Stossel did an expose on it). I've been to Singapore and the place is beautiful and from what I experienced, much, much more was available there than in the United States.

I have a serious question for you, do you actually believe you are "free" in America anymore?

37 posted on 06/12/2012 7:21:17 AM PDT by Michael Barnes (Obamaa+ Downgrade)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Michael Barnes

Yes I do.

Where are you, asking that from?

(I’m in California)


38 posted on 06/12/2012 7:23:17 AM PDT by Cringing Negativism Network (America doesn't need any new laws. America needs freedom!)
[ Post Reply | Private Reply | To 37 | View Replies]

To: miss marmelstein

RE: I just hope these guys know that if they drop a piece of chewing gum on the sidewalk, they’ll be jailed and flogged.

___________________________

The ban has been LIFTED partially, to allow the sale of chewing gum considered to have health benefits. This includes products such as dental-health gum, and nicotine gum to assist people who want to quit smoking.

These chewing gums can only be sold in pharmacies, and consumers must provide name and ID. Pharmacists who sell the gum without collecting the required information can be fined up to $2,940 USD and jailed for two years.


39 posted on 06/12/2012 7:26:52 AM PDT by SeekAndFind (bOTRT)
[ Post Reply | Private Reply | To 3 | View Replies]

To: miss marmelstein

RE: I just hope these guys know that if they drop a piece of chewing gum on the sidewalk, they’ll be jailed and flogged.

___________________________

The ban has been LIFTED partially, to allow the sale of chewing gum considered to have health benefits. This includes products such as dental-health gum, and nicotine gum to assist people who want to quit smoking.

These chewing gums can only be sold in pharmacies, and consumers must provide name and ID. Pharmacists who sell the gum without collecting the required information can be fined up to $2,940 USD and jailed for two years.


40 posted on 06/12/2012 7:26:55 AM PDT by SeekAndFind (bOTRT)
[ Post Reply | Private Reply | To 3 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-99 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson