Company Registration for Local Residents
Setting up a company in Singapore is relatively simple for residents. However, you need to determine which business entity will meet your needs.
The three most common business entities available for registration in Singapore are Sole Proprietorship, Limited Liability Partnership and Private Limited Company.
Choose from the following company registration options:
The private limited company is the most popular business entity among entrepreneurs in Singapore. Newly-formed companies enjoy full tax exemption on the first S$100,000 of chargeable income during the first three consecutive years of set up.
A limited liability partnership (LLP) is a perfect blend of a partnership and a private limited company. This structure is suitable if your business offers professional services in areas such as law, architecture, accountancy and management consultancy.
A sole proprietorship is the simplest form of business entity with only one owner who is the decisive authority and responsible for all assets and liabilities belonging to the business. Citizens and residents may register a sole proprietorship.