LLC Singapore is basically a Limited Liability Company in Singapore, registered as a Private Limited Company (Pte Ltd). It gives entrepreneurs a formal business structure with limited liability, access to tax incentives, and improved credibility with clients and investors.
But let’s be honest: setting up a company isn’t always straightforward. You might be unsure which structure to choose, what documents are required, or even what ACRA does. If you’re worried about getting it wrong, that’s completely understandable, especially if you’re a first-time founder or setting up from overseas.
This Sleek guide simplifies everything. We’ll cover what an LLC is, why it’s a strong choice in Singapore, and how to register one step by step.
What is an LLC, and why choose it?
A Limited Liability Company (LLC), known in Singapore as a Private Limited Company (Pte Ltd), is a separate legal entity from its owners. It can own property, enter into contracts, and take on liabilities, without putting your personal assets at risk.
That’s the core advantage: limited liability. If the business runs into debt or legal issues, your personal finances stay protected.
An LLC also adds credibility. It shows clients, investors, and partners that you’re serious. Plus, you get access to Singapore’s corporate tax benefits and flexibility to add shareholders as you grow. So, if you want protection, structure, and room to scale, an LLC is often the strongest option.
Note: While Singapore does not use the term “LLC” officially, the closest equivalent is the Private Limited Company (Pte Ltd), a business structure that offers limited liability, separate legal identity, and flexible ownership.
Advantages of an LLC structure
Why do most founders choose an LLC structure in Singapore? Beyond limited liability, the benefits run deep:
- Operational control: Whether you’re a solo founder or managing with a team, you can shape how your business is run without rigid corporate layers.
- Tax perks built in: With exemptions for startups and a single-tier tax system, LLCs in Singapore keep more cash in your business, especially in early growth years.
- Lean setup, pro image: You get the credibility of a corporate structure without the overhead. It’s the perfect blend of formality and flexibility for modern businesses.
- Scalable structure: Start lean with one shareholder and scale up with ease. The LLC format makes it simple to add investors, issue shares, and grow on your terms.
LLC vs Sole Proprietorship vs LLP
A sole proprietorship is fast, fuss-free, and cost-effective to launch. But it leaves you fully exposed. There’s no legal separation between you and the business, so if debts pile up or someone takes legal action, your personal savings or even your HDB flat could be at risk.
An LLP suits those starting a professional practice with one or more partners. You get some liability protection, but only for your own actions. If your partner makes a costly mistake, you might still feel the heat. This setup suits professions like law, design, or consulting, where shared services are the norm.
An LLC, registered as a Private Limited Company, is the most robust option. It creates a separate legal identity for your business, so your personal assets stay protected. It also offers corporate tax benefits and gives your business credibility with investors, banks, and customers. That’s why most serious founders, whether they’re launching a fintech app or a fast-growing F&B brand, go with an LLC from the start.
Here’s a quick comparison table to help you understand the key differences between a sole proprietorship, LLP (Limited Liability Partnership), and LLC (Private Limited Company):
Eligibility and requirements for setting up an LLC in Singapore
To register a Private Limited Company (LLC) in Singapore, you need:
- Minimum age
You must be at least 18 years old. - Legal standing
You cannot be an undischarged bankrupt. - Company name
Must be approved and available in ACRA’s register. - Registered address
A physical address in Singapore is required. PO boxes are not allowed. - Resident director
At least one director must be a Singapore citizen, permanent resident, or valid work pass holder. - Shareholders
You need at least one, and up to fifty. They can be individuals or companies, local or foreign. - Share capital
Minimum is S$1. You can increase it anytime after incorporation. - Company secretary
You must appoint a qualified Singapore-resident company secretary within six months of incorporation.
How to register an LLC in Singapore
Once you’ve decided to go with an LLC, the actual setup process is straightforward if you know what to expect. Here’s how to get it done the right way.
Step 1: Choose a company name
Your name should be unique, easy to remember, and available on ACRA’s register.
- Check name availability on ACRA’s Bizfile portal
- Avoid names that are identical or too similar to existing companies
- No offensive or restricted terms
- Reserve the name (valid for 120 days)
If you need help brainstorming the perfect name, check out our guide on Tips on Picking Your Company Name for creative ideas and compliance tips.
Step 2: Prepare required documents
ACRA needs key information and documents to approve your registration.
- Company constitution (formerly known as M&AA)
- Consent forms from the directors and the secretary
- Identification and residential address details of all directors and shareholders
- Registered office address in Singapore
Step 3: Submit the application via Bizfile
Once documents are ready, it’s time to register.
- Submit online through ACRA’s Bizfile portal
- Most applications are processed within a day if there are no issues
- Some cases may require approval from other government agencies
Step 4: Pay the registration fee
There’s a one-time fee payable to ACRA.
- S$15 for name reservation
- S$300 for company registration
- Total: S$315
Step 5: Receive a certificate of incorporation
If your application is successful, you’ll receive a digital certificate of incorporation via email.
- Issued by ACRA as proof your company is legally registered
- Includes your Unique Entity Number (UEN), which you’ll need for banking and compliance
What to do after setting up your Singapore LLC
Once you’ve incorporated your company, here are the next essential steps to stay compliant and operational:
- Open a business bank account
Most banks offer digital onboarding. You’ll need your incorporation documents and ID for all directors/shareholders. - Appoint a company secretary (within 6 months)
A Singapore-resident secretary is mandatory to manage filings and maintain statutory records. - Set up accounting and bookkeeping
Start recording income and expenses from Day 1. Use accounting software or outsource for accuracy and ease. - Check if you need an auditor
Required if your company exceeds S$10M in revenue, assets, or has over 50 employees. - Register for GST (if applicable)
Mandatory if your taxable turnover exceeds S$1M in 12 months. Voluntary registration can benefit importers or B2B firms. - File annual returns
Submit financial statements and company details to ACRA each year. Most companies also need to hold an AGM unless exempt.
Taxation for LLCs in Singapore
One of the biggest perks of running an LLC in Singapore is the favourable tax system. Here’s what you need to know to stay compliant and take advantage of available benefits.
Corporate tax rates
Singapore follows a flat corporate tax rate, capped at 17%. However, most companies don’t pay the full rate due to partial exemptions and tax incentives. For the first S$100,000 of chargeable income, new startups enjoy a 75% exemption, and a 50% exemption on the next S$100,000. This applies to the first three consecutive Years of Assessment (YAs). The maximum exemption per YA is S$125,000.
Single-tier tax system
Singapore uses a single-tier corporate tax system. This means that once your company pays corporate income tax, dividends paid to shareholders are not taxed again. It keeps things simple and ensures profits are not double-taxed.
GST (Goods and Services Tax)
If your LLC earns more than S$1 million in taxable turnover within a 12-month period, you must register for GST. Once registered, you need to charge GST on your goods and services and file GST returns regularly. The current GST rate is 9%. If you’re below the threshold, voluntary registration is still an option, especially if your clients are GST-registered or you’re dealing with imports.
Other tax incentives
Singapore offers a range of tax incentives, especially for startups, tech firms, and R&D-heavy businesses. You may qualify for deductions or exemptions under schemes like the Startup Tax Exemption, R&D Tax Incentive, or the Productivity and Innovation Credit (PIC). If your business involves overseas income, you might also benefit from foreign-sourced income exemptions under certain conditions.
Tax overview for Singapore LLCs
Category | Details |
Corporate Tax Rate | Flat 17% on chargeable income |
Startup Tax Exemption | 75% on first S$100,000 + 50% on next S$100,000 (for first 3 YAs) |
Partial Exemption | 75% exemption on first S$10,000 + 50% on next S$190,000 |
Effective Tax Rate (typical) | Often below 9% for small to mid-sized companies |
Tax on Dividends | None (Singapore uses a single-tier tax system) |
GST Registration Threshold | Mandatory if annual taxable turnover exceeds S$1 million |
Current GST Rate | 9% (effective from 1 Jan 2024) |
Voluntary GST Registration | Allowed and sometimes beneficial (e.g. for B2B or import-heavy firms) |
Other Incentives | R&D deductions, foreign income exemptions, industry-specific tax breaks |
Considering an LLC to protect your personal assets?
Limited liability: What it protects (and what it doesn’t)
One of the biggest perks of setting up a Singapore LLC (Private Limited Company) is limited liability. If your business gets into trouble, your personal assets like your CPF or condo are generally safe.
The company is its own legal person. So if there are debts or lawsuits, it’s the business that takes the hit, not you.
What you’re protected from
If your LLC faces debts, legal claims, or cash flow issues, your risk is capped at the capital you’ve invested. Your CPF, savings, car, or HDB flat are not at risk. This applies whether you’re the only shareholder or part of a larger team. That’s why serious founders choose this structure from the start.
What you’re not protected from
Limited liability isn’t bulletproof. You can still be held personally liable if:
- You commit fraud or act illegally
- You personally guarantee a business loan or contract
- You mix personal and business finances (e.g., using one bank account)
- You fail to meet your legal responsibilities as a director
Following compliance rules and keeping clean records is what maintains your protection.
Why it matters in Singapore
This legal separation is especially important in Singapore’s business environment, whether you’re hiring, signing contracts, or raising funds. Investors and clients see a Private Limited Company as a credible, serious business. And you get peace of mind, knowing your personal finances are insulated from most business risks.
How Sleek helps with setting up an LLC in Singapore
Setting up your company can feel overwhelming, especially when you’re unsure about the right structure, unfamiliar with local regulations, or worried about missing a key compliance step. That’s exactly why thousands of entrepreneurs choose Sleek.
Early-stage founders already make a hundred decisions a day. Sleek takes incorporation and compliance off that list by handling it with the same discipline you bring to your product or service.
Here’s how we help:
- We guide you through every step of incorporation, from choosing a company name to submitting documents with ACRA.
- Our expert team ensures your company meets all regulatory LLC Singapore requirements, from appointing a company secretary to filing annual returns.
- Sleek handles all the paperwork, deadlines, and filings so you can focus on running your business.
- We help you open a corporate bank account and stay on top of accounting, GST registration, and tax filings.
- Our digital platform gives you full visibility and control, with real-time updates and a single dashboard for all your company’s needs.
With Sleek, your business gets more than a registration. You gain a launchpad, a support team, and full visibility as you grow.
If you’re ready to launch your LLC in Singapore, we’re ready to help.
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FAQs on setting up a Singapore LLC
How much does it cost to register an LLC in Singapore?
To register an LLC in Singapore, the standard government fee is S$315. This includes S$15 for reserving your company name and S$300 for official registration with ACRA. If you engage a service provider, additional fees may apply for incorporation, secretarial services, and ongoing compliance support.
Do I need to be in Singapore to start an LLC?
No, you do not need to be physically present in Singapore to start an LLC. Foreigners can register a company remotely, but must appoint at least one local resident director. This person must be a Singapore citizen, permanent resident, or hold a valid work pass.
If you plan to relocate to Singapore to manage your company, you must obtain approval from the Ministry of Manpower (MOM) after incorporation. A Registered Filing Agent (RFA) must submit this application on your behalf via BizFile+.
How long does it take to register an LLC?
Registering an LLC in Singapore typically takes 1 to 2 business days, provided all documents are prepared and there are no errors or delays. If the company name requires additional review or government approval, the registration process may take slightly longer.
What are the tax benefits for a Singapore LLC?
A Singapore LLC enjoys several tax advantages. These include low corporate tax rates (capped at 17%), tax exemptions for startups on the first S$100,000 of chargeable income, and a single-tier tax system, meaning dividends distributed to shareholders are not taxed again.
Do I need a company secretary?
Yes, every LLC in Singapore is legally required to appoint a company secretary within six months of incorporation. The company secretary ensures your business complies with statutory obligations, such as maintaining proper records, filing annual returns, and keeping ACRA updated.
What’s the difference between an LLC and a sole proprietorship?
An LLC is a separate legal entity that provides limited liability protection, corporate tax treatment, and a more professional image. A sole proprietorship is easier to set up but does not protect your personal assets, as the business and owner are legally the same.
When do I need to register for GST?
You must register your Singapore LLC for GST if your taxable turnover exceeds S$1 million over a 12-month period. Voluntary registration is allowed if your business would benefit, for example, if you work with GST-registered clients or deal with imports and exports
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