Looking to register a partnership firm in Singapore?

Business Registration Singapore
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 profit from the business belong to the Partners, and is subjected to personal income tax; and is 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.

A 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 a 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 set up 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 are only for 2 partners, additional S$80 for each additional partner applies.

Our Business Registration Singapore – Partnership Formation package is only at *S$388 and it 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 set up the Partnership firm without the need for a virtual office, round stamp we charge a promotion Price: *S$358, inclusive of ACRA Fees.

The above services are 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
  • NRIC Copy of Managers (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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