Singapore FDI control


Published by a UUÂãÁÄÖ±²¥ Competition expert
Practice notes

Singapore FDI control


Published by a UUÂãÁÄÖ±²¥ Competition expert

Practice notes
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A conversation with corporate team members from CMS Holborn Asia (a formal law alliance between the Singapore office of international law firm CMS and Holborn Law LLC), comprising Toby Grainger, managing partner, Sam Ng, of counsel, and Leslie Tay, associate, on key issues on foreign direct investment (FDI) control in Singapore.

1. What is the applicable legislation?

Singapore has a relatively open investment regime compared to other countries in the region.

The Significant Investments Review Act 2024 (SIRA) serves to regulate foreign investment into “designated entities†in order to safeguard Singapore’s national security interests. In addition, there are certain sector-specific laws which govern new investments into regulated sectors and activities (eg banks or financial institutions or Ownership in the newspaper publishing industry), as elaborated further below.

2. Which government or other body (or bodies) reviews foreign investments?

The Ministry of Trade and Industry (MTI) is the government body that generally oversees matters relating to trade and investments, with a mission to ensure that Singapore’s economy continues to be competitive and is able to attract investments.

The Office of Significant

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Jurisdiction(s):
United Kingdom
Key definition:
Investments definition
What does Investments mean?

A product specified in the FSA Regulated Activities Order.

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