Singapore Business Formation

Compare Entity Types

Select 2–4 structures to see them side by side.

	🏢 Limited Liability Partnership (LLP) Partnership structure with limited liability	🏛️ Private Limited Company (Pte. Ltd.) The mainstream choice for growth-focused businesses
Liability	Limited	Limited
Owners	2–20 partners	1–50 shareholders
Setup Time	2–3 days	1–3 days (via Bizfile)
ACRA Fee	S$100	S$15 (name) + S$300 (incorporation)
Best for	Professional firms (law, accounting, architecture) and small partnerships wanting liability protection	Most growth-focused businesses, startups, foreign founders, and companies planning to raise investment
Advantages	Limited liability for partners Separate legal entity Perpetual succession Flexible internal management	Limited liability for shareholders Separate legal entity with perpetual succession Can raise capital by issuing shares Most credible structure with banks and clients
Considerations	More compliance than a normal partnership Cannot easily issue shares or raise equity Max 20 partners (if not registered as company) Profits taxed at partner level	Higher setup and compliance costs Requires resident director and company secretary Must file annual returns with ACRA More regulatory requirements

This is an independent guide — not a government website and not legal or tax advice. Official registration is done on ACRA Bizfile. Always verify current requirements on the relevant .gov.sg portal.