ANNOUNCEMENT 01 Jan 2012

In January 2012, the government of Singapore announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Singaporean regulations for representative offices:
https://roms.iesingapore.gov.sg/

Secondary Sources:
http://www.lexology.com/library/detail.aspx?g=67291c07-8526-4c7e-bc31-4c524648ed4e
http://www.pwc.com/sg/en/tax/tax-issue20120711.jhtml


Inception date: 01 Jan 2012 | Removal date: open ended

FDI: Treatment and operations, nes

 On 1 January 2012, Singapore introduced new regulations limiting foreign companies to operate a representative office in the country to three years, subject to annual evaluation. After that period, the foreign entity must decide whether to establish a permanent presence in Singapore.
Previously, the licenses for a representative offices could be renewed indefinitely.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A