Singapore legislation
Section 97B
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 97B
Application for and issue of certificate to venture company
Amended by22/87
(1)
Any company incorporated in Singapore which is desirous of developing or using in Singapore a new technology in relation to a product, process or service may make an application in the prescribed form to the Minister to be approved as a venture company.
(2)
Where the Minister is satisfied that the technology, if introduced in Singapore, would promote or enhance the economic or technological development of Singapore, he may approve the company as a venture company and issue a certificate to the company subject to such conditions as he may impose.
Amended by22/87