How to incorporate/register company in Singapore
PH consulting has been helping our clients with their business structures. Be it a start up or a subsidary company or branch office, there can be many details to look into to ensure the corporate entity is the right fit for the business.
In Singapore, there are categorically 4 different business structures to choose from. They are ;
- Sole-Proprietorships
A sole-proprietorship is a business firm with only one owner. It is the simplest and most flexible business structure.
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- Partnerships
A partnership is a business firm owned by more than one individual or company.
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- Limited Liability Partnerships (LLPs)
LLPs combine the limited liability features of private limited companies with the operational flexibility that a partnerships entails.
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- Private Limited Companies (Pte Ltd)
A private limited company ia a legal entity and offers liabilities protection for the shareholders but entails more regulatory oversights.
At the time of writing, there need be only one shareholder and one director. They can be the same person. There must be a minimum of one share owned by one shareholder. The value of the share can be just S$1.
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