Investment framework and opportunities in Singapore

Procedures Relative to Foreign Investment

Freedom of Establishment: Foreign and national investors generally enjoy the same conditions; however, exceptions exist in sectors deemed to be critical to national security, such as telecommunications, broadcasting, the domestic news media, financial services, legal and accounting services, ports and airports, and property ownership.
A foreigner who wants to incorporate a company in Singapore is required to appoint a local resident director.
Acquisition of Holdings: A majority stake in the capital of a local company is legal in Singapore. Nevertheless, articles of incorporation may include shareholding limits that restrict ownership in corporations by foreign persons. As an examle, a broadcasting licence will not be granted if foreign sources hold more than 49% shares or voting power of the Singaporean company. Limitations apply to the following sectors: including telecommunications, broadcasting, the domestic news media, financial services, legal and accounting services, ports and airports, and property ownership.
Obligation to Declare: All businesses in Singapore must be registered with the Accounting and Corporate Regulatory Authority (ACRA).
Competent Organisation For the Declaration: Accounting and Corporate Regulatory Authority (ACRA)
Singapore Economic Development Board (EDB)
Requests For Specific Authorisations: Although Singapore's legal framework and governmental policies do not require any specific authorisation to invest in the country, certain limits exist in such sectors as telecommunications, broadcasting, domestic news media, financial and some professional services. For these sectors, the Articles of Incorporation may include shareholding limits that restrict ownership in corporations by foreign persons. Moreover, Finance Ministry approval is required for the acquisition of local banks when exceeding the specified share limit.

Investment Opportunities

Investment Aid Agency: Economic Development Board (EDB)
Enterprise Singapore
Tenders, Projects and Public Procurement: GeBIZ, Public Tenders
Tenders Info, Tenders in Singapore
Asian Development Bank, Procurement Plans in Asia
DgMarket, Tenders Worldwide
Other Useful Resources: Singapore Business Federation
Singapore International Chamber of Commerce

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