overseas enterprise definition
overseas enterprise means a company approved as an overseas enterprise under section 97I(2) and in respect of which not less than 50% of the paid-up capital is beneficially owned by citizens or permanent residents of Singapore throughout the period during which it —
overseas enterprise means a company approved as an overseas enterprise under section 97I (2) and in respect of which not less than 50% of the paid-up capital is beneficially owned by citizens or permanent residents of Singapore throughout the period during which it holds shares in an overseas company in the case of dividends received from qualifying investment in that overseas company or throughout the period during which it carries out any qualifying activity in the case of income derived from that qualifying activity, unless the Minister otherwise decides.