Residential Property Act 1976 · 2020 Revised Edition · Part 2 · Prohibition on Purchase or Acquisition of Residential Property by Foreign Persons
14B. Conversion of Singapore company to Singapore limited liability partnership
Feedback & supportAny certificate issued by the Controller under section 10 to a Singapore company and which is in force immediately before the date of registration of the conversion of the Singapore company to a Singapore limited liability partnership continues in force on and after that date as if it were a certificate issued by the Controller to the Singapore limited liability partnership under section 11(2).
Controller
“Controller” means the Controller of Residential Property and includes a Deputy and an Assistant Controller of Residential Property appointed under section 29;
The Singapore limited liability partnership mentioned in subsection (1) must, as soon as practicable after the date of registration of the conversion thereto, notify the Controller of the conversion and of the particulars of the Singapore limited liability partnership, including the nationality of its partners and such other particulars as the Controller may require.
Singapore limited liability partnership
“Singapore limited liability partnership” means any limited liability partnership that satisfies the following requirements:(a)the limited liability partnership is registered in Singapore under the Limited Liability Partnerships Act 2005 and all its partners are citizens;(b)if any partner of the limited liability partnership is another limited liability partnership, that other limited liability partnership satisfies the requirements under paragraph (a);(c)if that other limited liability partnership mentioned in paragraph (b) has a partner which is a limited liability partnership, which in turn has a partner which is also a limited liability partnership and so on, all the partners of each such limited liability partnership consist only of any or any combination of the following:(i)citizens; and(ii)limited liability partnerships that satisfy the requirements of paragraphs (a) and (b); and(d)if any partner of the limited liability partnership is a company, that company is a Singapore company;
The Controller may, if he or she is satisfied that the requirements of subsection (2) are complied with and that the limited liability partnership is a Singapore limited liability partnership, issue to the Singapore limited liability partnership a fresh certificate stating that the limited liability partnership may acquire and retain residential properties subject to the provisions of this Act and upon the issuance of the fresh certificate to the Singapore limited liability partnership, the certificate mentioned in subsection (1) is deemed cancelled.
limited liability partnership
“limited liability partnership” means any limited liability partnership, whether registered in Singapore under the Limited Liability Partnerships Act 2005 or otherwise;