ANNOUNCEMENT 01 Jan 2012In January 2012, the government of Singapore announced altered domestic business conditions for foreign investors.
NUMBER OF INTERVENTIONS
Singaporean regulations for representative offices:
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.