Set up your Sole Propretorship

Everything you need to know about registering a Sole Proprietorship in Singapore. We can help with the annual requirements that are needed for your Sole Proprietorship.

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01

Register your company name.
We’ll start by collecting your details and checking if your company name is available.

02

Nominate directors & shareholders.
Once you have decided on your company name, we collate information on your company’s directors and shareholders.

03

We’re in business.
Congratulations! You can now start doing business with your newly incorporated company!

Digital incorporation is easy as 1 - 2 - 3

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    Everything you need to get started

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    1-year sole proprietor registration

    S$150

    Let us help you register your sole prop so you can get started on launching your business!

    All-inclusive accounting and tax filing support

    Up to S$2,500 expenses per month

    Up to S$7,500 expenses per month

    Up to S$15,000 expenses per month

    Up to S$35,000 expenses per month

    Up to S$75,000 expenses per month

    S$75/month

    S$100/month

    S$150/month

    S$250/month

    S$350/month

    Select your accounting plan:

    Plans billed upfront annually and based on applicable financial year for the sole prop entity.

    This plan includes the following:

    Common add-ons to smaller plans

    Ad-hoc tax support

    Sleek will prepare the income tax returns submission for your sole proprietorship income to IRAS through the AIS (Auto-inclusion Scheme).

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    Sole proprietorship in Singapore

    A Sole Proprietorship is a type of business that has only one owner who manages all of its assets and liabilities.

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    Frequently Asked Questions

    A sole proprietorship, also known as a sole trader or proprietorship, is a business owned and controlled by an individual, a company or a limited liability partnership without any partners, with only the sole owner paying personal income tax on the profits earned from the business.
    To be eligible, one must be:

    1. At least 18 years.
    2. Either a (a) Singapore Citizen (b) Singapore Permanent Resident or (c) an EntrePass Holder.
    If you are residing locally, a foreigner must seek approval from the Ministry of Manpower (MOM) which will require a SingPass or CorpPass account and to satisfy additional criteria including having a local sponsor who is Singaporean or PR.
    To set up a Sole Proprietorship you can provide to us the following information:

    1. An approved business name
    2. Description of principal activities
    3. Local business address
    4. Copy of Singapore ID for the owner
    5. Local residential address of sole-proprietor
    6. Declaration of compliance and Statement of Non Disqualification
    Sleek helps to make your business compliance easier through our streamlined processes and digital platform at no hidden costs! We can help you to register your sole prop today! Feel free to reach out to our team for further information.
    Sleek helps to make your business compliance easier through our streamlined processes and digital platform at no hidden costs! Feel free to reach out to our team for further information.
    A sole-proprietorship, though a tax resident, is not considered as a company entity; therefore its profit is taxed at the owner’s personal income tax rates. Singapore’s personal income tax rates for resident tax payers are progressive from 0% to a maximum of 22% for income in excess of SGD320,000.
    Yes, sole props are also subject to the same rules for GST registration, except that their S$1million threshold is calculated across all of their sole prop businesses.

    Sleek can support with both GST registration (S$400) and with the ongoing GST compliance for S$1,200 per year.

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