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Business Formation

Sole Proprietorship / Partnership

A sole proprietorship is a business firm owned by one person or one company. There are no partners. The sole proprietor has absolute say in the running of the business firm.

Requirements For Sole Proprietorship In Singapore

  • Sole Proprietorship firm should be Owned by one person or one locally incorporated company
  • There should be one individual manager who should be an ordinary resident of Singapore who can be a Singapore Citizen/Permanent Resident/Employment Pass Holder/Dependants’ Pass Holder. Please note that after the business firm is registered as a dependant pass holder, you are required to apply for Letter of Consent to the Ministry of Manpower
  • Required to have a Local Registered address (P.O. Box not allowed).
  • Any individual carrying on a business on his/her own behalf will be liable to pay Income tax on profits made from Sole proprietorship business in Individual Capacity

Partnership

Requirement of partnership registration and procedure is the same as Sole Proprietorship registration. Only difference is there should be more than one owner and maximum number of partner should not exceed more than 20.

Procedure

  • Name check and reservation
  • Government Fees
  • Preparation of registration forms

Kindly contact for SOLE PROPRIETORSHIP / PARTNERSHIP business registration under which will not take more than 30 minutes. We also provide Registered office address Services.

Limited Liability Partnership Registration (LLP)

The LLP will give the owners the flexibility of operating as a partnership whilst giving them limited liability. It combines the benefits of a partnership with those of private limited companies. However LLP structure is not much Recognised compared to a Private Limited Company. There is no max cap on number of partners in case of LLP. Other requirement and procedure of registration is same like Partnership Firm

 
 
 
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