What are the different types of company structures in Singapore?

In general, there are three basic types of company structures in Singapore, and they vary in terms of liability, the number of owners, and the relationships between them:

1. Limited Liability Company (Pte Ltd or LLC)
This is the most common choice for entrepreneurs in Singapore. It is an exempt private company limited by shares.

 

2. Sole Proprietorship
One individual sets up a business. This option is only for local residents - foreigners must incorporate it under other registration types.

 

3. Partnerships

This entity is formed by at least two partners up to a maximum of 20 individual partners. There are several ways to set it up:

     a. General Partnership (or just Partnership)
         Similar to a sole proprietorship but with more than one owner.

     b. Limited Partnership

In this entity, partners have different liabilities - one is a general partner and the other is a limited (or dormant) partner. The role of the limited partner is often restricted to funding.

 

4. Limited Liability Partnership (LLP)
This entity is similar to a Pte. Ltd. This gives owners the flexibility of operating as a partnership while having a separate legal entity like a private limited company.

 

Ready to incorporate your business in Singapore? Visit the "Incorporation" tab on our Rewards page to speak with one of our partners!

 

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