Database

Browse Database

SINGAPORE

Since December 1967, last amended in December 2025

Pillar Foreign Direct Investment (FDI) in sectors relevant to digital trade  |  Indicator Maximum foreign equity share
Companies Act 1967
Singapore does not impose a general maximum foreign equity share in sectors relevant to digital trade, including telecommunications, computer services, e-commerce, or other digital services. Singapore does not have a general investment law establishing nationality-based equity caps. Instead, foreign investors may generally establish and own companies under the ordinary company law framework.
Under Art. 17(1) of the Companies Act 1967, any person may, whether alone or together with another person, form an incorporated company.
Coverage Horizontal

SINGAPORE

Since December 1967, last amended in December 2025

Pillar Foreign Direct Investment (FDI) in sectors relevant to digital trade  |  Indicator Nationality/residency requirement for directors or managers
Companies Act 1967
Pursuant to Section 145.1 of the Companies Act, every company is required to appoint at least one director who is ordinarily resident in Singapore.
Coverage Horizontal

SINGAPORE

Since December 1999, last amended in October 2022
Since May 2022

Pillar Foreign Direct Investment (FDI) in sectors relevant to digital trade  |  Indicator Screening of investment and acquisitions
Telecommunications Act

Code of Practice for Competition in the Provision of Telecommunication and Media Services 2022
Under Art. 38 of the Telecommunications Act 1999 and Section 10 of the Code of Practice for Competition in the Provision of Telecommunication and Media Services 2022, acquisitions of voting shares or voting power in a designated telecommunications licensee are subject to notification and approval thresholds before the Infocomm Media Development Authority (IMDA).
A designated telecommunications licensee must notify IMDA where a person holds or controls 5% or more but less than 12% of its voting shares or voting power. Prior written approval from IMDA is required before any person becomes a 12% controller or 30% controller of a designated telecommunications licensee.
Coverage Telecommunications sector

SINGAPORE

Since November 1994, entry into force in February 1995

Pillar Intellectual Property Rights (IPRs)  |  Indicator Participation in the Patent Cooperation Treaty (PCT)
Patent Cooperation Treaty
Singapore is a party to the Patent Cooperation Treaty (PCT).
Coverage Horizontal

SINGAPORE

Since September 2021, last amended in February 2025

Pillar Intellectual Property Rights (IPRs)  |  Indicator Copyright law with clear exceptions
Copyright Act 2021
The Copyright Act provides a clear regime of copyright exceptions that follows the fair use model, which enables the lawful use of copyrighted works by others without obtaining permission. Part 5, Division 2 sets out these exceptions, including use for research or study, criticism or review, and reporting current events, across different categories of works and subject matter.
Coverage Horizontal

SRI LANKA

Since February 2017
Since March 2025

Pillar Online sales and transactions  |  Indicator Threshold for ‘De Minimis’ rule
Revenue Protection Order No. 02/2017

Sri Lanka Customs National Imports Tariff Guide 2025
Revenue Protection Order No. 02/2017 stipulates that the de minimis threshold, defined as the minimum value of goods below which customs duties are not levied, applies in certain circumstances. According to the Sri Lanka Customs National Imports Tariff Guide 2025, imports of personal items (including gifts) valued at LKR 20,000 or less (approx. USD 60), and commercial samples valued at LKR 60,000 or less (approx. USD 200), are exempt from customs import duties, subject to the terms and conditions prescribed by the Director General of Customs. These thresholds fall below the USD 200 benchmark recommended by the International Chamber of Commerce (ICC).
Coverage Horizontal

SRI LANKA

Since May 2023

Pillar Online sales and transactions  |  Indicator Framework for consumer protection applicable to online commerce
Direction 91 of the Consumer Affairs Authority - Protection of the consumer that any e-commerce entity or platform operator engages in marketing and selling of any goods
Direction 91 of the Consumer Affairs Authority establishes a comprehensive framework for consumer protection, extending its applicability to online transactions. Additionally, e-consumer rights are implicitly safeguarded under existing information technology and consumer protection laws. However, concerns have been raised regarding the adequacy of these regulations in fully addressing the needs of online consumers. Despite Direction 91 partially addressing some legislative gaps, key issues in digital consumer protection remain insufficiently covered by current local laws.
Coverage Horizontal

SRI LANKA

Since July 2015, in force since February 2016

Pillar Online sales and transactions  |  Indicator Ratification of the UN Convention on the Use of Electronic Communications in International Contracts
UN Convention on the Use of Electronic Communications in International Contracts
Sri Lanka has signed and ratified the United Nations (UN) Convention on the Use of Electronic Communications in International Contracts.
Coverage Horizontal

SRI LANKA

Since May 2006, last amended in November 2017

Pillar Online sales and transactions  |  Indicator UNCITRAL Model Law on Electronic Commerce
Electronic Transactions Act, No. 19 of 2006
Sri Lanka has enacted national legislation, namely the "Electronic Transactions Act, No. 19 of 2006", which is founded upon and influenced by the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Electronic Commerce.
Coverage Horizontal

SRI LANKA

N/A

Pillar Online sales and transactions  |  Indicator UNCITRAL Model Law on Electronic Signatures
Lack of adoption of UNCITRAL Model Law on Electronic Signatures
Sri Lanka has not enacted national legislation that is comprehensively based on the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Electronic Signatures. Nonetheless, the Electronic Transactions Act No. 19 of 2006 implements some regulations related to electronic signatures.
Coverage Horizontal

SRI LANKA

Since March 2021

Pillar Online sales and transactions  |  Indicator Restrictions on online payments
Directions Issued to Authorised Dealers on Electronic Fund Transfer Cards - Direction No. 3 of 2021
Pursuant to Section 10.1 of the "Directions Issued to Authorised Dealers on Electronic Fund Transfer Cards", certain transactions are expressly prohibited when using credit or debit cards, including payments associated with virtual currency transactions, payments related to betting, gaming, or gambling activities outside the jurisdiction of Sri Lanka, and payments for the import of goods into Sri Lanka for commercial purposes.
Coverage Horizontal

SRI LANKA

Since February 2025

Pillar Online sales and transactions  |  Indicator Restrictions on online payments
Payment and Settlement Systems Circular No. 02 of 2025 of the Central Bank of Sri Lanka - Maximum Limits on Transaction Value and Fees of Common Electronic Fund Transfer Switch
Circular No. 02 of 2025, issued by the Central Bank of Sri Lanka, stipulates that the maximum value for fund transfers conducted via the Common Electronic Fund Transfer Switch (CEFTS) shall not exceed LKR 5 million (approx. USD 16,000) per transaction.
Coverage Horizontal

SRI LANKA

Since May 2013
Since December 2023, entry into force in January 2024

Pillar Online sales and transactions  |  Indicator Restrictions on online payments
Payment Cards and Mobile Payment Systems Regulations No. 1 of 2013

Payment and Settlement Systems Circular No. 4 of 2023 of the Central Bank of Sri Lanka - Individual Stored Value Limits, Day Limits and Transaction Limits Applicable for Customer e-Money Accounts
Pursuant to Section 5 of the "Payment Cards and Mobile Payment Systems Regulations No. 1 of 2013", an individual or entity may engage in the business of, or operate as, a service provider in relation to a mobile phone-based electronic money (e-money) system, provided such activity is conducted under the authority of a licence issued by the Central Bank of Sri Lanka.
In addition, Circular No. 4 of 2023 issued by the Central Bank of Sri Lanka prescribes transaction and balance limits applicable to mobile e-money accounts. Under this framework, accounts classified as "enhanced"—those subject to full Know Your Customer (KYC) compliance—are permitted to hold and transact up to LKR 150,000 (approx. USD 500) per day. In contrast, "basic" accounts, which are subject to limited KYC procedures, are restricted to a daily limit of LKR 20,000 (approx. USD 70). Additionally, the maximum stored value permissible for each account category concurrently serves as the upper limit for individual transactions across all transaction types.
Coverage Operators of mobile phone based e-money systems

SRI LANKA

Since August 2020
Since May 2025

Pillar Quantitative trade restrictions for ICT goods and online services  |  Indicator Import ban applied on ICT goods or online services
Imports and Exports (Control) Regulations No. 05 of 2020

Consolidated-Import-Control-List 2025
In August 2020, pursuant to the Imports and Exports (Control) Regulations No. 05 of 2020, the Government of Sri Lanka announced the suspension of import licences for a range of goods listed in Schedule 1 of the Regulations. These goods, which ordinarily require an import control licence for entry into the country, were temporarily restricted from importation in response to the economic repercussions of the COVID-19 pandemic. The suspension took effect on 18 August 2020 and, as of 2025, remains in force for several product categories, thereby continuing to prohibit their importation. According to the 2025 Consolidated Import Control List, import control licenses remain suspended for various items, including used automatic data processing machines, used monitors, and projectors not incorporating television reception apparatus, among others.
Coverage Several goods, including used automatic data processing machines

SRI LANKA

Since August 1969, last amended in March 2013

Pillar Quantitative trade restrictions for ICT goods and online services  |  Indicator Other import restrictions, including non-transparent/discriminatory import procedures
Customs Ordinance of Sri Lanka (No. 17 of 1869)
Under Section 115A of the Customs Ordinance, no goods may be imported into Sri Lanka except by a registered importer. According to the Sri Lanka Trade Portal, all importers, regardless of the type of goods, must present a valid Tax Identification Number (TIN) in order to complete their registration in the customs system. In addition, certain categories of goods are subject to import control and require an import control licence issued by the Controller of Imports and Exports, which must be obtained separately prior to importation.
Coverage Horizontal

Report issue     Report new measure