1. What role does the government of Singapore play in approving and regulating foreign direct investment?
REGISTRATION REQUIREMENT -
Save for the restrictions discussed under Question 5, there is generally no prohibition or limit on foreign capital investment or foreign ownership of business entities in Singapore. However, every business in Singapore needs to be registered under the Business Registration Act (Chapter 32), Limited Liability Partnership Act (Chapter 163A), Limited Partnerships Act 2008 (No. 37 of 2008) or Companies Act (Chapter 50). These are administered by the Accounting and Corporate Regulatory Authority in Singapore (ACRA), which undertakes the registration of all such businesses in Singapore and the regulation of such registrations.
INVESTMENT CLIMATE -
The Economic Development Board, a dedicated statutory agency of the Ministry of Trade and Industry, undertakes the promotion of investments and the planning and implementation of industrial development in Singapore.
The Singapore economy is exceptionally open and internationalized, underpinned by a stable and orderly government with transparent and consistent policies and extensive trade links. These encourage foreign direct investments which play a pivotal role in the economic development and growth of Singapore.
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