You can choose between the following business structures:

Sole Proprietorship #

A sole proprietorship implies that there are no partners in the business. This means that the owner can keep all of the profits but is also at greater risk if something goes wrong. A sole proprietorship is not a legal entity distinct from the business owner.

Who can apply:

Singapore citizens or permanent residents, ONE Pass holders, Dependant Pass holders with a valid Letter of Consent (LOC).

Partnership #

Who can apply:

Singapore citizens or permanent residents, Dependant Pass holders with a valid Letter of Consent (LOC), and ONE Pass holders.

Private Limited Company (Pte Ltd) – most popular structure #

Private limited companies have fewer than 50 shareholders, and their shares are not open to the public. The most adaptable business structure is a private limited company. It is a legal entity distinct from its shareholders and directors. It is subject to limited liability. The Pte Ltd structure is recommended due to its flexibility, legal protection, and access to government grants, funding, and tax exemptions.

Who can apply:

Singapore citizens and permanent residents, Dependant Pass holders with a valid Letter of Consent (LOC), Employment Pass holders, EntrePass holders, ONE Pass holders, and Personalised Employment Pass holders are all eligible.

Limited Liability Partnerships (LLP) #

LLPs enable businesses to operate as partnerships while benefiting from the advantages of a private limited company. LLPs are distinct legal entities. Partners will not be held liable for any business losses or debts.

Who can apply:

Singapore citizens or permanent residents, ONE Pass holders, Dependant Pass holders with a valid Letter of Consent (LOC).