Business Registration / Sole proprietorship / Partnership

JJ & E can assist you to register a Business registration with the Accounting and Corporate Regulatory Authority (ACRA) as according to the Business Registration Act (Cap. 32).

A business firm is a much simple form of setting up a business, as it required low setup cost, has low maintenance fee. It can be either a sole proprietorship or a partnership. Business Registration for sole proprietorship and partnership is normally done within 20 minutes.

And if you have already registered a Business for sole proprietorship / partnership with ACRA and now wish to convert it to a Private Limited company to enjoy Government benefits or tax exemption, we can also assist you to do a conversion.

Sole Proprietor (self-employed)

• A Business firm owned by one company or an individual who is Singapore Citizen or Permanent Resident running a business on his/her own behalf.
• All the profits generated by the business will belong to the sole-proprietor.
• Pay Personal income tax on the profits generated by the business.
• Required to contribute to CPF Medisave (Individual rate between 6-8%).
• The sole proprietor has absolute say in the running of the business firm.

Partnership

• Consists of more than one person.
• May have between two and twenty partners.
• All partners have equal rights in the management of the partnership.
• Unlimited liability Foreigner only can register if there is a Singapore local resident manager.
• Pay Personal income tax on the profits generated by the business.
• Required to contribute to CPF Medisave (Individual rate between 6-8%).

Limited Liability Partnership

• Has the flexibility of a partnership, with the benefit of limited liability.
• Minimum of 2 members.
• Each member’s personal income is derived from profits and are taxed at personal income tax rates.
• Compulsory to appoint a local manager.

(You will be direct to serivces payment page.)