Private Limited Companies (Pte Ltd)
Singapore's premier business structure. Offers limited liability protection, 100% foreign ownership, separate legal personality, and access to attractive startup tax exemptions under IRAS.
Incorporation
Fast, Compliant Singapore Entity Formation
Setting up a business in Singapore positions your enterprise within Asia's most reputable and financially robust jurisdiction. JJV Lucky Stars Consultants guides entrepreneurs, local business founders, and international enterprises through every step of ACRA incorporation—delivering approved company registration within 24 hours.
- Private Limited Company (Pte Ltd) incorporation with ACRA BizFile+ lodgment
- Sole Proprietorship and General Partnership registrations
- Limited Liability Partnership (LLP) formation and partnership agreements
- Foreign Corporate Vehicle structuring (Subsidiary, Branch Office, Representative Office)
Sole Proprietorship
A streamlined, low-overhead business vehicle owned by a single individual or company. Quick to establish, ideal for single-operator local retail, trade, or freelancing activities.
Partnership & LLP
Combines the flexibility of an internal partnership structure with corporate limited liability. Partners are insulated from debts and wrongful acts incurred by other partners.
Foreign Company Setup
Tailored setup pathways for international companies expanding into Southeast Asia. Includes local nominee director onboarding, registered address, and corporate bank introduction.
Business Entity Comparison in Singapore
Carefully analyze the legal structure, tax treatment, and liability protection before choosing your business vehicle:
| Entity Features | Companies (Private Limited) | Sole Proprietorship | Partnership | Limited Liability Partnerships (LLP) |
|---|---|---|---|---|
| Legal Status | A legal person (can enter into contracts, hold property, sue and be sued and exist irrespective of change of shareholders) | Not a legal person | Not a legal person | A legal person (can enter into contracts, hold property, sue and be sued and exist irrespective of change of partners) |
| Number of owners/shareholders | Minimum – 1 director and 1 shareholder (Director must be ordinarily resident in Singapore) | 1 owner | Minimum – 2 Maximum – 20 (except for professional firm) | Minimum – 2 Maximum – no maximum number of partners |
| Liability of owner/shareholder | Limited – the shareholder is not liable for the debts of the company beyond unpaid capital | Sole proprietor has unlimited personal liabilities | Partners have unlimited joint and several liabilities | Not personally liable for the conduct of other partners or transactions unless for own wrongful acts |
| Suitable For | Businesses with projected growth, seeking investment funding, institutional credibility, or expansion | Individual with low risk activities | Small group of individuals carrying on low risk trade | Professional firms such as accountancy, law, and architecture |
| Advantages | Tax exemptions: 75% on first S$100,000 and 50% on next S$100,000 for qualifying start-ups; separate legal identity; perpetual existence | Low maintenance and easy registration | Low cost setup and minimal compliance | Low cost setup with limited liability protection for partners |
| Disadvantages | Compliance obligations such as financial reports, AGMs, annual returns, and appointing a Company Secretary | Personal assets not protected from creditors | Taxed at personal income tax rates which can exceed corporate rates; unlimited liability | Taxed at individual level; partners must actively manage partnership agreements |
How to Incorporate in Singapore with JJV Lucky Stars Consultants
01
Name Application
We check and reserve your proposed company name through ACRA's BizFile+ system.
02
Document Signing
Preparation of Company Constitution, Form 45 (Consent to Act as Director), and shareholder registers.
03
ACRA Registration
Official registration with ACRA and immediate issuance of the Unique Entity Number (UEN).
04
Corporate Bank Account
Assistance with opening corporate bank accounts with leading Singapore banks (DBS, OCBC, UOB).
