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Singapore Business Registration
Convert your business (Sole Proprietorship / Partnership) to a Private Limited (PTE. LTD.) company for more benefits such as limited liabilities, tax exemption and more.
Types of Businesses
Singapore Business Registration
A business firm is a much simpler form of setting up a business in Singapore. It can be either a Sole Proprietorship, Partnership or Limited Liability Partnership.
Sole Proprietor (Self-Employed)
- A business firm owned by one company or an individual who is Singapore Citizen or Permanent Resident running a business on his/her own behalf.
- All the profits generated by the business will belong to the sole-proprietor.
- Pay personal income tax on the profits generated by the business.
- Required to contribute to CPF Medisave (individual rate between 6-8%).
- The sole proprietor has absolute say in the running of the business firm.
- Foreign individuals and companies need to appoint a locally resident manager who must be a Singapore Citizen or Singapore Permanent Resident (PR).
- It has unlimited liability, where the sole proprietor/owner has to bear all debts and losses if there is any due to the business.
- Required a Singapore registered office address.
- Not advisable if business nature has high risk or liability.
- Unable to enjoy 3 years government tax exemption of S$75,000 taxable income tax as given to Pte Ltd company.
Partnership
- A partnership is a business firm that consists of more than one person.
- May have between two and twenty partners.
- All partners have equal rights in the management of the partnership.
- It has unlimited liability, where the sole proprietor/owner has to bear all debts and losses if there is any due to the business.
- Pay Personal income tax on the profits generated by the business.
- Required to contribute to CPF Medisave (individual rate between 6-8%).
- Foreign individuals and companies need to appoint a locally resident manager who must be a Singapore Citizen or Singapore Permanent Resident (PR).
- Required a Singapore registered office address.
Limited Liability Partnership
- Has the flexibility of a partnership, with the benefit of limited liability (partners are not liable for the wrong of other partners).
- Minimum of 2 members. No maximum limit.
- Each member’s personal income is derived from profits and are taxed at personal income tax rates.
- It offers the ease and flexibility of operating a partnership, while retaining a legal identity separate from its partners.
- This type of business entity is ideal for lawyers, architects, accountants, and other professional firms.
- Foreign individuals and companies need to appoint a locally resident manager who must be a Singapore Citizen or Singapore Permanent Resident (PR).
- Required a Singapore registered office address.
Get Things Started
Register A Business in Singapore With Us Today
Singapore business registration normally can be registered within 20 minutes. General setup requirements of setting up a business in Singapore for a Sole Proprietorship / Partnership / Limited Liability Partnership (LLP) are:
One owner for Sole Proprietorship
Minimum 2 members for Partnership and Limited Liability Partnership (LLP)
A Singapore registered office address
For foreign individuals and companies – need to appoint a locally resident manager who must be a Singapore citizen or Singapore Permanent resident (PR) when you register a business in Singapore.
And if you have already had your Singapore business registration under Sole Proprietorship / Partnership / Limited Liability Partnership with ACRA, and now wish to convert it to a Private Limited company to enjoy Government benefits or tax exemption, we can also assist you to do a conversion or switch.
Convert Your Business
Business-To-Company Conversion Packages
Convert your business (Sole Proprietorship / Partnership) to a Private Limited (PTE. LTD.) company for more benefits such as limited liabilities, tax exemption and more. Select from our packages below that best suits your needs, our in-house professional team are ready to help!
Convert For More Benefits
Convert-Basic
ONLY for single local (Singapore) director
S$ 488
This package is
inclusive of …
- ACRA Incorporation Fee ($315) &
Professional Fee - ACRA Company Name Check &
Reservation - Assistance on Corporate Bank Account Opening
- Corporate & Tax Advisory
- Company Profile
- Company Constitution
- Assist in Termination of Business
Convert-Starter
For Singapore Citizen/PR, and Foreigner who has Local Nominee Director (either a Singaporean/PR director)
S$ 748
Everything in
Convert-Basic Package AND
- 12 Months of Corporate Secretarial Services
- Monitoring of Government Filing Deadline (via Email)
- MYOB 30 Days Trial (Accounting
Software) - Advise on Taxation and GST issues
- Share Certificate
- 1 x Self-Inking Round Stamp
- Free Phone consultancy on Website set up & maintenance with our Google Analytics Certified professional
Convert-Premium
For Singapore Citizen/PR, and Foreigner who has Local Nominee Director (either a Singaporean/PR director)
S$ 848
Everything in
Convert-Starter Package AND
- 12 Months of Registered Address
Services - 12 Months of General Fax Services
- Notification for Mail Collection (via Email)
Convert-Basic
ONLY for single local (Singapore) director
S$ 488
This package is inclusive of …
- ACRA Incorporation Fee ($315) &
Professional Fee - ACRA Company Name Check &
Reservation - Assistance on Corporate Bank Account Opening
- Corporate & Tax Advisory
- Company Profile
- Company Constitution
- Assist in Termination of Business
Convert-Starter
For Singapore Citizen/PR, and Foreigner who has Local Nominee Director (either a Singaporean/PR director)
S$ 748
Everything in
Convert-Basic Package AND
- 12 Months of Corporate Secretarial Services
- Monitoring of Government Filing Deadline (via Email)
- MYOB 30 Days Trial (Accounting
Software) - Advise on Taxation and GST issues
- Share Certificate
- 1 x Self-Inking Round Stamp
- Free Phone consultancy on Website set up & maintenance with our Google Analytics Certified professional
Convert-Premium
For Singapore Citizen/PR, and Foreigner who has Local Nominee Director (either a Singaporean/PR director)
S$ 848
Everything in
Convert-Starter Package AND
- 12 Months of Registered Address
Services - 12 Months of General Fax Services
- Notification for Mail Collection (via Email)
Important Note
- The above packages are only applicable if you are converting your existing business (sole proprietorship / partnership) to a private limited company. If you are setting up a brand new company, please click here to view the packages.
- We need to witness the signing of all documents in our office.
- Members who are not present or are overseas, Notary Public is required to witness the signing of all documents.
- For companies with corporate shareholders, an additional S$200 is charged.
- Fee stated is for companies that have 2 or less directors/shareholders. For companies with more than two directors/shareholders, an additional of S$80 is charged per person.
Benefits
Why Convert Your Business To A Private Limited Company?
Establishes Your Business Credibility
Your business is deemed as trustworthy and well-established with strong financial background.
Make Your Business A Separate Entity
When you register a private limited company, it will have its own legal identity.
Enjoy The Benefits of Limited Liabilities
A private limited company allows you to limit your company and personal liabilities.
Enjoy Exclusive Corporate Tax Benefits
Private limited companies enjoy lower corporate tax rates than sole proprietors or partnerships.
Establishes Your Business Credibility
Your business is deemed as trustworthy and well-established with strong financial background.
Make Your Business A Separate Entity
When you register a private limited company, it will have its own legal identity.
Enjoy The Benefits of Limited Liabilities
A private limited company allows you to limit your company and personal liabilities.
Enjoy Exclusive Corporate Tax Benefits
Private limited companies enjoy lower corporate tax rates than sole proprietors or partnerships.
Testimonials
What Our Clients Say About Us
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