Singapore legislation
Clause 12
Clause 12
“Foreign principal”
(1)
A “foreign principal” is —
(a)
an individual who is not a Singapore citizen or Singapore permanent resident;
(b)
an entity that is constituted or organised under the law of a foreign country and is not registered in Singapore under any written law;
(c)
an entity that has its principal place of business in a foreign country, even if it is incorporated or registered in Singapore under any written law;
(d)
the government of a foreign country; or
(e)
an authority of the government of a foreign country.
(2)
In subsection (1), “foreign country” means a country or part of a country, or a territory or part of a territory, other than Singapore.