Similar to the identification number of individual persons, businesses and local companies are also given a unique alphanumeric upon registration with
FAQs: Singapore Company Incorporation
Here are the basic questions and answers you need to know before forming a company in Singapore.
What is the difference between a Limited Liability Partnership (LLP) and a Private Limited Company?
A Limited Liability Partnership (LLP) is a partnership in which some of the partners have limited liabilities. A limited liability partnership
Who is a Shareholder?
A shareholder is an owner of a company as determined by the number of shares they own. A shareholder can be an individual or a corporate entity
What are the types of business entities?
The following types of business entities are available to entrepreneurs keen on setting up a company in Singapore: Sole Proprietorship
Can a foreigner start a company in Singapore?
Yes, a foreigner can start a company in Singapore. There are three options foreigners can choose to set up a company in Singapore: If you intend to
What are the advantages and disadvantages of a Limited Liability Partnership (LLP)?
A Singapore Limited Liability Partnership (LLP) is the perfect blend of a partnership with a private limited company setup. The advantages of a
What are the reasons for business failure?
There could be a combination of reasons or a singled-out reason why your businesses is a failure. Here are 7 common reasons why businesses sink:
Why should I incorporate an offshore company?
Because offshore companies are commonly set up in a tax haven like the British Virgin Islands (BVI), Marshall Islands and Seychelles Islands, there
What does it mean when a company is in liquidation?
When a company is in liquidation, it is either struck off or wound up. There may be a few reasons why a company would be closed down: It cannot
What is a Transferee?
A transferee is the new shareholder who will be receiving the share in a transfer of shares transaction. The transferor, who is the existing
What is a Limited company?
There are three types of Limited Companies in Singapore: Private Limited Company This is a Singapore-incorporated company where the maximum
What are the advantages and disadvantages of a Sole Proprietorship?
The advantages and disadvantages of a Sole Proprietorship are as follows: Advantages: Business structure is easy to set up and suitable for
