Singapore legislation
Section 97A
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 97A
Interpretation of this Part
In this Part, unless the context otherwise requires —“eligible holding company”, in relation to a venture company, a technology investment company or an overseas investment company, means a company incorporated in Singapore —
which is resident in Singapore;
which holds shares in the venture company, the technology investment company or the overseas investment 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 period during which it holds shares in the venture company, the technology investment company or the overseas investment company, unless the Minister otherwise decides;“eligible individual”, in relation to a venture company, means an individual resident in Singapore who is a citizen or permanent resident of Singapore;“overseas investment company” means a company approved as an overseas investment company under section 97C(4);“technology investment company” means a company approved as a technology investment company under section 97C(2);“venture company” means a company approved as a venture company under section 97B(2).
Definition
“eligible holding company”, in relation to a venture company, a technology investment company or an overseas investment company, means a company incorporated in Singapore —
which is resident in Singapore;
which holds shares in the venture company, the technology investment company or the overseas investment 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 period during which it holds shares in the venture company, the technology investment company or the overseas investment company, unless the Minister otherwise decides;
Definition
“eligible individual”, in relation to a venture company, means an individual resident in Singapore who is a citizen or permanent resident of Singapore;
Definition
“overseas investment company” means a company approved as an overseas investment company under section 97C(4);
Definition
“technology investment company” means a company approved as a technology investment company under section 97C(2);
Definition
“venture company” means a company approved as a venture company under section 97B(2).