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Partnership

A partnership is a business firm formed by 2 to 20 partners. There are different forms of partnership setups in Singapore.

1. General Partnership

The business partners are personally liable for the business liabilities and debts. The partners share responsibility. It is not the best business structure in Singapore since it has a lot of risks.

2. Limited Partnership (LP)

This is the most common type of partnership structure in Singapore because the liabilities are limited to the company’s investments. The risks are limited.

3. Limited Liability Partnership (LLP)

This is basically a structure where a registered LLP gives the partners the freedom to run the business. And this partnership is usually for professional business joint. (eg: Lawyer firm, Accounting firm, Audit firm etc.)

Our Partnership Workflow

  • Procedure
  • Required Documents
  • Select Packages / Services
  • Payment

Procedure

1

Fill in pre-incorporation form online

2

To receive the packages recommended by us

3

Select package & make payment

4

To review and sign the documents

5

Incorporation with ACRA by us

Required Documents

Documents List

  • Pre-Incorporation Form
  • Particulars of partners/managers (foreign passport or Singapore ID)
  • Proof of residential address of the partners/managers
  • Local business address for partnership
  • The details of the company if patterner is a company
  • Partnership agreement (optional)

Requirement

  • Let us know the proposed business name, registered address, manager and brief description of business activity.
  • True copy fo NRIC/Passport is required to be present for verification.
  • Ensure passport validity not less than 6 months

Note: More documents might be required from you in case by case basis.

Related Regulations

  • Renewal – The registration must be renewed. It can be renewed for a period of one year or three years. Renewal must be done before the expiry of registration.
  • Address – A local Singapore physical address is required.
  • Partners – Any natural person whose age is 18 years and above can register partners.
    At least 2 partners are required. At least 1 manage who is ordinarily resident in Singapore.
  • Taxation – Chargeable profits are treated as personal incomes of the partners who are individuals and are subjected to personal income tax. In the case of corporate partners chargeable profits are subjected to corporate tax rate.
  • Make changes – Any changes in registered details must be notified to ACRA.
  • Records – It is required to keep accounts record for five years.

Select Packages / Services

INCORPORATION - Partnership - Limited Partnership (Package)

S$580
  • Incorporation of limited partnership
  • Registered address free 1 year worth $200

INCORPORATION - Partnership - Limited Liability Partnership (Package)

S$580
  • Incorporation of limited liability partnership
  • Registered address free 1 year worth $200

Payment Method

Paypal

Credit Card / Debit Card

Cheque

Internet Banking

and more …

FIND OUT MORE ABOUT PRICING

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Learn More About Private Limited Company &
Subsidiary Company

Characteristics of a Private Limited Company
Characteristics of a Singapore Subsidiary Company
Incorporation details you need to know

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