Immigration to Singapore is the process by which people migrate to Singapore for the purpose of residing there—and where a majority go on to become permanent residents and Singaporean citizens. Singapore is an attractive destination especially in the region as it is a country with a strong currency that offers high living standards, including in education, work, wages and safety as well as an overall far higher quality of life compared to its neighbours. High-net-worth or skilled immigrants worldwide are also attracted to Singapore's low tax rates (e.g. no capital gains tax) and ease of doing business.