s 12 “Foreign principal”
12.—(1) A “foreign principal” is —(a) an individual who is not a Singapore citizen or Singapore permanent resident; (b) an entity that is constituted or organised under the law of a foreign country and is not registered in Singapore under any written law; (c) an entity that has its principal place of business in a foreign country, even if it is incorporated or registered in Singapore under any written law; (d) the government of a foreign country; or (e) an authority of the government of a foreign country. (2) In subsection (1), “foreign country” means a country or part of a country, or a territory or part of a territory, other than Singapore.