SINGAPORE is viewed by the mobile wealthy as the most attractive destination in Asia to do business in, according to the Mobile Wealthy Residency Index (MWRI).

The country also takes third spot as one of the most popular financial centres due to rapid development and implementation of a modern framework with attractive policies.

Switzerland takes top spot as the most attractive jurisdiction for residency while London came in second.

There are a total of 11 key considerations and out of these, Singapore ranks first in employment and business opportunities and security, second in legal considerations and tax and immigration issues, and third in economic and political stability.

The research, conducted by Scorpio Partnership, has shown that Singapore is a positive reflection of the city's growth plans which have been set over the last decade.

Ms. Ragini Dhanvantray, CEO of Rikvin Group, said: "Considering tough economic situation in many countries, Singapore is becoming like "the Land of Promise" for many wealthy people who wish to save their money and make investments to increase their capitals.

"It's all real in Singapore now," said Ms. Dhanvantray.