- 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.