Print Friendly

Sole Proprietor | Partnerships | LLP Services in Singapore

Package Fee for Business/Partnerships/LLP Formation

Package available Fee (SGD)
Sole Proprietorship Setup with 1 year validity (without address services) $500 (W/GST $535)* , ***
Partnership Setup with 1 year validity (without address services) $500 (W/GST $535)* , ***
Limited Partnership Setup (without address services) $500 (W/GST $535)*
Limited Liability Partnership Setup (without address services) $600 (W/GST $642)*
Annual Declaration to ACRA for Business/Partnerships/LLP $150 (W/GST $160.50) per year

* You can engage our registered address services for an additional S$300 (W/GST $321) per year.
** For Partnerships setup with corporate partner (e.g. subsidiary), an additional charge of S$100 (W/GST $107) is applied for each corporate partner. For Partnerships setup with partners more than 3 person or entity, extra charge of $100 (W/GST $107) per person or entity is applied.
*** Add on $100 (W/GST $107) for an additional 2 years of registration
**** The officers (local manager, partners, sole proprietor) may report an alternate address with the Registrar. The alternate address must be located in the same jurisdiction as the individual’s residential address. Therefore if the officer is a local resident, his alternate address cannot be a foreign address. The alternate address cannot be a P.O. Box address and must be an address where the person can be contacted. An extra charge of $150 (W/GST $160.50) per officer per alternate address will apply.

For setting up of Business/Partnerships, click Business Setup Form to download and complete the form and scan to us.

For setting up a LLP, click LLP Setup Form to download and complete the form and scan to us.

 

Additional Information required for clients Who Engaged an Agent to act on their behalf

  • Agent’s contact information (name, telephone, email, etc.)
  • Agent’s Copy of passport, proof of foreign residential address and national identity card, if any
  • Agent’s copy of the registration documents containing the Certificate of Incorporation, and Certificate of Incumbency or equivalent document (Click Certificate of Incumbency to download the sample), if any
  • Copy of the Authorization letter that the customer has appointed the agent to act on his behalf

If you prefer a low initial investment and simplicity in running a business, business registration in Singapore as a sole proprietorship or partnership (at least two but less than 20 partners) are two of the better choices. We specialize in our Express Business Registration Service in Singapore which requires about 30 minutes for your business registration to be completed (subject to ACRA approval).

All profits earned by a business belong to the sole proprietorship/partners, are subject to personal income tax and require a contribution to CPF Medisave based on profits declared with Inland Revenue of Singapore (individual rates vary between 6 and 8 percent).

All self-employed persons are required to pay Medisave contributions as long as they earn a yearly net trade income of more than S$6,000.

Individuals must ensure that their Medisave payment statuses are up-to-date before they register a new sole-proprietorship/partnership, become the owner of an existing sole-proprietorship/partnership, or renew the registration of their sole-proprietorship/partnership.

Generally, sole proprietorships or partnerships can be formed by a Singapore citizen or Singapore permanent resident who is a natural person of full capacity, aged 18 years or above.

For limited partnerships (LPs) and limited liability partnerships (LLPs), partners can be individuals (at least 18 years old) or corporate entities (company or LLP).

Our Sole Proprietorship Package – S$500 (W/GST $535) includes:-

  • ACRA incorporation fee
  • Professional fee
  • FREE business information profile

Our Partnership Package – S$500 (W/GST $535) includes:-

  • ACRA incorporation fee
  • Professional fee
  • FREE business information profile

Our Limited Partnership Package – S$500 (W/GST $535) includes:-

  • ACRA incorporation fee
  • Professional fee
  • FREE business information profile

Our Limited Liability Partnership Package – S$600 (W/GST $642) includes:-

  • ACRA incorporation fee
  • Professional fee
  • FREE business information profile

We also can provide registered address services for business/partnership setups for S$300 (W/GST $321) per year. For details, please click Registered Address Services.