Private Limited Company (Pte. Ltd.):
A private limited company is the most common business structure in Singapore. It is a separate legal entity with limited liability, offering flexibility and ease of doing business. It requires at least one shareholder and one director, who can be individuals or corporate entities.
Sole Proprietorship:
A sole proprietorship is a business owned and operated by a single individual. The owner has unlimited liability for the business’s debts and obligations. It is the simplest and most straightforward business structure, but the owner bears all risks and responsibilities.
Partnership:
A partnership is formed when two or more individuals or entities come together to carry out a business with a shared goal. Partnerships can be general partnerships, where all partners have unlimited liability, or limited partnerships, where some partners have limited liability based on their contribution.
Limited Liability Partnership (LLP):
An LLP combines elements of a partnership and a company. It provides partners with limited liability while allowing flexibility in managing the business. LLPs must have at least two partners, and their liability is limited to the amount they contribute or their agreed-upon obligations.
Branch Office:
Foreign companies can establish a branch office in Singapore, which is an extension of the parent company. The branch office can engage in business activities, but it does not have a separate legal identity from the parent company. The parent company retains liability for the branch office’s obligations.
Representative Office:
A representative office serves as a liaison for a foreign company in Singapore. It is limited to non-commercial activities such as market research, business promotion, and exploring business opportunities. It cannot engage in profit-generating activities.
Non-Profit Organization (NPO):
Non-profit organizations are formed for charitable, religious, educational, or social purposes. They do not distribute profits to members or shareholders but reinvest them in furthering their objectives. NPOs can be registered as societies, companies limited by guarantee, or charitable trusts. You Can get the Services for Company Registration in Singapore with help of our team.
Professional Service Firms:
Singapore has a thriving professional services sector, including law firms, accounting firms, consultancy firms, architectural firms, engineering firms, and more. These firms provide specialized services to clients in various industries.
Retail and Hospitality Businesses:
Singapore has a vibrant retail and hospitality sector, including restaurants, cafes, hotels, clothing stores, supermarkets, and shopping malls. These businesses cater to both locals and tourists, contributing to the country’s tourism and consumer market.
Technology Startups:
Singapore has been fostering a robust startup ecosystem, particularly in the technology sector. Many technology startups have emerged in areas such as fintech, e-commerce, software development, biotech, artificial intelligence, and cybersecurity.
These are just a few examples of the types of businesses you can find in Singapore. The country’s business landscape is dynamic and diverse, encompassing various industries and sectors.