Not just about tax: why Australia’s tech entrepreneurs are moving to Singapore

Investor Ben Lindsay relocated with his wife, dog in tow, from Sydney to Singapore in March, with his sights set on growing venture capital firm Investible from an Australian outfit into an Asia-Pacific one.

Lindsay is among a growing number of investors, businessmen and tech founders from down under who are setting up bases and relocating to Singapore, Dubai and San Francisco to expand their company’s reach.

Adrian Portelli, founder of savings and rewards platform LMCT+, announced on social media in August that he was moving to Dubai.

However, Singapore, with its start-up ecosystem and proximity to Australia, stood out among the destinations.