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ANNEX I Schedule of Brunei Darussalam Headnote ... - SICE

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SectorAllIndustry ClassificationObligations Concerned National Treatment (Article 12.4)MeasureDescriptionBusiness Registration Act, Cap. 32, 2001 RevisedEditionBusiness Registration Regulations, Regulation 9Companies Act, Cap. 50, 1994 Revised EditionCross-border services and InvestmentOnly a service supplier who is a Singapore citizen,Singapore permanent resident or SingaporeEmployment Pass holder shall be allowed to registera business without appointing a local manager.A local manager shall be a Singapore citizen,Singapore permanent resident or SingaporeEmployment Pass holder.All locally incorporated companies shall comply withthe following requirements:(i)(ii)at least 1 director <strong>of</strong> the company shall beresident in Singapore; andall branches <strong>of</strong> foreign companies registeredin Singapore shall have at least 2 agentsresident in Singapore.To be resident in Singapore, a person shall be eithera Singapore citizen or Singapore permanent residentor Singapore Employment Pass holder.III-SG-4

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