Business Setup for a Limited Liability Partnership
An LLP is a separate legal entity with at least two partners. Partners may be eligible individuals or entities, and the LLP continues despite changes in partners. A partner remains responsible for their own wrongful acts; limited liability does not remove every possible obligation.
Income is allocated to partners and taxed at the applicable personal or corporate rate, depending on the partner. Keep accounting records and meet ACRA annual-declaration requirements.
Minimum requirements
- At least two eligible partners; individual partners must be at least 18.
- A registered office address in Singapore.
- At least one manager who is an individual aged 18 or above and ordinarily resident in Singapore.
An LLP does not have company shares or a company paid-up share-capital requirement. Agree and document any partner capital contributions separately.
| Business Set Up | Price (SGD$) |
|---|---|
| 2 Partners | $488 |
| Additional Local Partner | $30/pax |
| Additional Foreign Partner | $50/pax |
- Minimum 2 Proposed Business Name (In Order of Preference)
- Courier address (For billing and courier of Business documents)
- Description of Business Principal Activity (Maximum 2)
- Colored image of Authorised Local Manager’s NRIC (Front & Back), contact number and email address
- Colored image of Partners' NRIC (Front & Back), contact number and email address
- Profit Allocations for Partners
- Agreed partner capital contributions (if any)
- Colored image of Authorised Local Manager’s NRIC (Front & Back), contact number and email address
- Minimum 2 Proposed Business Name (In Order of Preference)
- Courier address (For billing and courier of Business documents)
- Description of Business Principal Activity (Maximum 2)
- Profit Allocations for Partners
- Colored image of Foreign Partners’ ID (Front & Back), contact number, overseas residential address and email
- Proof of Address (E.g Latest Telephone / Utility Bill) of all foreign Partners.
- Agreed partner capital contributions (if any)
