Singapore legislation
Section 93
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 93
Interpretation of this Part
In this Part, unless the context otherwise requires —“eligible holding company”, in relation to a technology company, means a company incorporated in Singapore —
which is resident in Singapore;
which holds shares in the technology company; and
in respect of which not less than 50% of the paid-up capital is beneficially owned by citizens or permanent residents of Singapore throughout the whole of the qualifying period of the technology company, unless the Minister otherwise decides;“qualifying period”, in relation to a technology company, means a period of 3 years from the day it commences, for the purposes of the Income Tax Act, to carry on its relevant trade or business;“relevant trade or business”, in relation to a technology company, means the trade or business to which the certificate, issued to the company under section 94(2), relates;“technology company” means a company approved as a technology company under section 94(2).
Definition
“eligible holding company”, in relation to a technology company, means a company incorporated in Singapore —
which is resident in Singapore;
which holds shares in the technology company; and
in respect of which not less than 50% of the paid-up capital is beneficially owned by citizens or permanent residents of Singapore throughout the whole of the qualifying period of the technology company, unless the Minister otherwise decides;
Definition
“qualifying period”, in relation to a technology company, means a period of 3 years from the day it commences, for the purposes of the Income Tax Act, to carry on its relevant trade or business;
Definition
“relevant trade or business”, in relation to a technology company, means the trade or business to which the certificate, issued to the company under section 94(2), relates;
Definition
“technology company” means a company approved as a technology company under section 94(2).