SINGAPORE Law and Practice Contributed by: Lim Chong Kin and Corinne Chew, Drew & Napier LLC
9. Foreign Direct Investment/Subsidies Review 9.1 Legislation and Filing Requirements Singapore does not have general legislation prohibit - ing or requiring consent for foreign investment, with the exception of the SIRA, which regulates invest - ments into entities deemed critical to national security interests; see 1.2 Legislation Relating to Particular Sectors and 4.6 Non-Competition Issues . However, some sectors and industries – such as news media, banking, telecommunications and real estate – have specific requirements on foreign ownership. These regulations are separate from the merger control rules under the Competition Act.
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