Singapore Limited Liability Partnership for Singapore Residents
A Limited Liability Partnership (“LLP”) combines the features of partnerships and companies. LLP is more similar to a private limited company. In an LLP, each individual partner’s liability is limited. Partners can be individuals or body corporate (company or other LLP). Basic requirements to setup LLP are
- At least 2 Partners
- At least one manager who is a Singapore resident
- A Singapore registered office address
If you are a Singapore resident who is looking at setting up LLP, Inctro can provide assistance to the incorporation of your LLP with ACRA.
Package Includes:
- Incorporation of Singapore LLP
- Registered Address (if you want to use our prestigious address)
FAQ's
- A private limited company is most ideal because can qualify for tax exemption schemes and is taxed at the effective corporate rate of 0-17%, it is a separate legal entity and is distinct from its shareholders and directors.
- A minimum of 1 and a maximum of 50 shareholders.
- Tax Exemptions: Singapore government encourages the spirit of entrepreneurship and innovation. For newly incorporated companies that meet the qualifying condition, there are substantial tax exemptions.
- Ease of Raising Capital: Capital can be raised for the expansion and growth of the company by bringing in new shareholders or issuing more shares to the existing shareholders.