What is an International Charity Organisation (ICO)? Are the procedures and criteria to set up an ICO different from that of a charity?
The International Charity Organisation (ICO) Scheme has been retired with effect from 13 March 2018. All applications for charity registration by International Non-Profit Organisations (INPOs) will be administered in accordance with the requirements provided under Regulation 3 of the Charities (Registration of Charities) Regulations.
INPOs which were registered before the retirement of the ICO Scheme are considered registered charities and should continue to meet the requirements under the Charities Act and regulations, as well as the economic criterion set by the Economic Development Board (EDB) during its charity registration. There are no changes to the reporting and annual submission requirements for such charities under the retired ICO Scheme.
(As the ICO scheme has been phased out, applicant are advised to comply with the requirements stipulated under the Charities (Registration of Charities) Regulations if it intends to register as a charity in Singapore.)
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