When setting up a business, incorporating the right structure will have a huge impact on your operations and growth. In Singapore, there are 5 main types of business entities, each with its own characteristics and implications – from legal status, liability for owner(s), tax rates, to annual statutory obligations and more.
Whether you’re a local business owner opening your first company or a foreign company expanding to Singapore, this guide is designed to provide essential information to get you started, such as:
- Types of business entities in Singapore
- How to choose the right type of corporate structure
- Requirements and steps to incorporate each type of business entity
- Incorporation guide for foreign companies looking to set up in Singapore