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There are several types of entities one can register to start business operations in Singapore. Naturally, the requirements and limitations of these entities differ accordingly and each has their defined set of capabilities.   These are the different types of entities:   Sole Proprietorship Partnerships Limited

A sole-proprietorship is not a separate legal entity and is directly associated with the owner. The owner is personally entitled and liable to all profits, losses, debts and obligations incurred by the business. It is the easiest business entity to set

A partnership is a business entity that consists of at least 2 people. The people included in the partnership are called partners, and they are personally liable for debts incurred by the business. The governance of duties, profit and losses

A company entity is one of the most common business types in Singapore. The company and owners (of the company) are regarded as separate entities. The main types of companies are: Local Private Company Private Limited Companies (Pte Ltd) are made up of

A Limited Liability Partnership (LLP) is type of business entity that is commonly used by lawyers, accountants and other professional services firms. Generally speaking, it is a good combination between a partnership and a private limited company, as it does

The Accounting and Corporate Regulatory Authority (ACRA) determines the roles and responsibilities of a company secretary.   There are many duties and responsibilities to be undertaken by a corporate secretary of a company in Singapore such as: Administrative role The company secretary handles administrative

There are many benefits to registering a company in Singapore and we would not want to flood you with content that you can already find on other articles. Hence here is an article that summarizes the advantages of incorporating a

There are several reasons why Singapore is ideal for setting up business operations here. One of the more prominent benefits that are not usually available in other countries is the tax rate. There are no tax on overseas income, no capital

Now that you know the different types of business entities available for aspiring business owners to conduct their business operations, let us understand which is the most ideal for your business goals. Although it may seem as a frivolous matter to

A CorpPass is short form of Singapore Corporate Access. It is a digital identity issued to Singaporean businesses that allows access and ease of operations with governmental digital services like the Inland Revenue Authority of Singapore (IRAS), Ministry of Manpower

It is relatively straightforward and quick to set up a company in Singapore, making it one of the most preferred options of entrepreneurs and small and medium sized business owners. The company registration process is fully computerised and is overseen

It is relatively inexpensive to set up a company in Singapore, making it one of the most preferred options of entrepreneurs and small and medium sized business owners. The company registration process is fully computerised and is overseen by the

The requirements to register a company in Singapore are straightforward: Company name: ACRA Approved company name. Local director: You need to appoint at least one Singapore resident director in your company. Shareholders: You need to have at least one shareholder in your company,

A private limited liability company is the most popular type of business entity that entrepreneurs, seasoned business operators and foreign companies use to conduct business operations here. A private limited company in Singapore is a separate legal entity from its

The Accounting & Corporate Regulatory Authority (ACRA) acts as the Company Registrar and it oversees the registration process of companies in Singapore. The process to register a company in Singapore is relatively straightforward; these information is required by ACRA: Company name

In short, a foreigner cannot be a corporate secretary of a company in Singapore. Corporate secretaries of companies based in Singapore are required to be legal residents of Singapore. A legal resident of Singapore is an individual who is either a

A foreign national individual can own a company in Singapore, and as a matter of fact, he or she can own 100% of the company in its entirety. This is one of the reasons why registering a company in Singapore