CMS Holborn Asia
1 Contributions by CMS Holborn Asia
PRACTICE NOTES
1. What is the applicable legislation?
Singapore maintains a comparatively liberal approach to inbound investment across the region. The Significant Investments Review Act 2024 (SIRA 2024) regulates foreign capital into ‘designated entities’ to protect Singapore’s national security. Alongside SIRA 2024, certain industries are governed by sectoral statutes that apply to fresh investments in regulated fields and activities—for example, banks, financial institutions, or ownership within the newspaper publishing sector—as elaborated below.
2. Which government or other body (or bodies) reviews foreign investments?
The Ministry of Trade and Industry (MTI) oversees trade and investment matters and aims to keep Singapore’s economy competitive and attractive to investors. Housed within MTI, the Office of Significant Investments Review administers SIRA 2024. The Economic Development Board, MTI’s lead agency, designs investment promotion strategies and plans to grow Singapore’s economy, and helps to facilitate and support foreign investment into Singapore. The
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