Singapore legislation

Regulation 2

Prescribed qualifying activities

Each of the following is a qualifying activity for the purposes of section 93B of the Act:

(a)

any investment by a company to increase its productive capacity in any industry, including the manufacturing of any product relating to any industry;

(b)

the provision by a company of digital services, professional services and services relating to supply chain management;

(c)

the establishment or operation by a company of its headquarters or a centre of excellence in Singapore;

(d)

the undertaking by a company of any of the following:

(i)

physical trading of commodities;

(ii)

trading in commodities derivative instruments;

(iii)

acting as a broker for physical trading of commodities or trading in commodities derivatives;

(iv)

establishing supply chain management and other functions that relate to the physical trading of commodities;

(e)

any research and development or any other activity to promote innovation by a company;

(f)

any activity by a company relating to energy efficiency and decarbonisation, including —

(i)

improvement in energy efficiency;

(ii)

solar power deployment;

(iii)

reduction of emissions from greenhouse gases (other than carbon dioxide); and

(iv)

carbon capture, utilisation and storage.