A Limited Liability Partnership is owned by a Singapore resident, with foreigners and corporations allowed only with the appointment of a local manager. A Private Limited Company can be 100% foreign or locally-owned but a minimum of one Singapore Resident Director is required. A Limited Liability Partnership has no cap…Read More
Singapore Company Formation and Incorporation FAQs
Here are the basic questions and answers you need to know before forming a company in Singapore.
There are several reasons why you choose Singapore for business, or why Singapore is so attractive a location to foreigners who wish to set up a company. The pull factors are: Ease of starting a business Strong legal system and high degree of personal safety Business-friendly ecosystem Strategic position and…Read More
The following types of business entities are available to entrepreneurs keen on setting up a company in Singapore: Sole Proprietorship Partnership Limited Partnership Limited Liability Partnership Company – of which there are “private” and “public” companies To learn more about the features and benefits of each type of business entity,…Read More
Yes, a foreigner can start a business in Singapore. There are three options foreigners can select from to set up a company in Singapore: Option 1: Private Limited Company + Employment Pass Option 2: Private Limited Company + EntrePass Option 3: Engaging a Resident Director To find out how each…Read More
The advantages of a Singapore Limited Liability Partnership are as follows: Separate legal entity, hence partners are not personally liable for losses or debts, or wrongful acts of other partners. However a partner is personally liable for claims against his personal wrongful acts or omissions Has perpetual succession. Any change…Read More
There could be a combination of reasons or a singled-out reason why businesses fail. Here are 7 common reasons why businesses sink: Operating with a vision not supported by a strong strategy Hiring the wrong people Letting politics ruin the business atmosphere Not trusting your team No culture of excellence…Read More