Looking to register a partnership firm in Singapore?

SINGAPORE_BUSINESS_REGISTRATION
Partnership Formation is suitable for 2 to a max of 20 partners and is regulated under  Business Registration Act Cap 32 and Partnership Act Cap 391. It is easy to form and has less compliance & requirements.

All profits by the business belongs to the Partners, subjected to personal income tax and are required to contribute to CPF Medisave based on trade profits declared with Inland Revenue of Singapore.

Partnership registration (at least 2 partners, and less than 20) requires a Minimum of 1 manager to be Singaporean / Singapore permanent resident of full capacity & 18 Years or above.

Partnership can be 100% foreign owned but foreigners should always consider setting up a Private Limited Company to take advantage of the $100,000 profit tax exemption and declare final dividends to avoid being taxed at 20% of trading profits drawn in the capacity as partner of the partnership firm.

*Bank account opening is subjected to banks’ approval.

Our Business Registration Singapore – Partnership Formation package costs *$308 includes: (*100% owned by Singaporean / Permanent Residents)

  • * Professional Fees for form the Partnership firm
  • * ACRA Incorporation fee
  • * FREE 1 Round Self-inking stamp
  • * FREE 12 Months Shared Fax
  • * FREE 12 Months Address
  • – Free Daily Mail Alert via Email
  • – Free Shared Fax Number for 12 Months with minimum 12 Months Address Service Signup
  • – Free 30 days trial version of MYOB Premier Accounting Software

Total Fees after Discount: S$308

*If you only require our services solely to setup the Partnership firm without the need for virtual office, round stamp we charge a promotion Price: *S$248, inclusive of ACRA Fees (*100% owned by Singaporean / Permanent Residents)

The above services is only for 2 partners, additional S$80 for each additional partner applies.

Our Business Registration Singapore – Partnership Formation package costs *$388 includes: (*Jointly owned by Singaporean / Permanent Residents & Foreigners)

  • * Professional Fees for form the Partnership firm
  • * ACRA Incorporation fee
  • * FREE 1 Round Self-inking stamp
  • * FREE 12 Months Shared Fax
  • * FREE 12 Months Address
  • – Free Daily Mail Alert via Email
  • – Free Shared Fax Number for 12 Months with minimum 12 Months Address Service Signup
  • – Free 30 days trial version of MYOB Premier Accounting Software

Total Fees after Discount: S$388

*If you only require our services solely to setup the Partnership firm without the need for virtual office, round stamp we charge a promotion Price: *S$358, inclusive of ACRA Fees.

The above services is only for 2 partners, additional S$80 for each additional partner applies.

Information Required For Partnership Formation:

  • 2 Proposed Partnership Names
  • Principal Activities Description (Maximum of 2 activities)
  • Location of Registered Office – A1 Office or your physical office
  • Managers NRIC Copy (Only Singaporeans / PRs can be the local Managers)
  • Owners – NRIC copy for locals, passport copy and proof of foreign address for foreigners

Read more on: Singapore Company Formation

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