Singapore

Singapore

Allows law practices more flexibility

14 Feb 2012

Singapore announced the implementation of a package of measures to give Singapore Law Practices (SLPs) greater flexibility to grow and work more closely with Foreign Law Practices(FLPs) in the second quarter of 2012. Inter alia, foreign lawyers will be able to share profit and equity up to 33 percent from 25 percent, and overseas FLPs which tie up with SLPs will be allowed to take a share of the SLP's profits and equity up to 33 percent from 25 percent.

Nature of measure:
  • Liberalization
Type:
  • Entry and establishment (Ownership and control)
Industry:
  • Services (Legal and accounting activities)
Inward FDI:
No
Outward FDI:
No
Sources: