Sole Proprietorship Registration in Singapore

Our 5 stars reviews on Google

Excellent

Based on 38 reviews

Iman Jafari

May 30, 2023

I had the absolute pleasure of working with ContactOne Incorporation for our business registration in Singapore, and the experience has been nothing short of exceptional. Our main point of contact, Tricia, was the epitome of professionalism. Not only was she quick to respond to our many queries, but her comprehensive knowledge and clear communication made the experience feel almost effortless. Tricia's unwavering dedication to customer service is evident in the quality and timeliness of her responses, setting the bar high for the industry standard. The team at ContactOne demonstrated a deep understanding of Singapore's corporate regulations and the registration process, which was instrumental in accelerating the typically time-consuming process. They swiftly handled every aspect of the registration, allowing us to focus on the bigger picture - planning and running our business.

Alex Ng

July 1, 2022

We have been using ContactOne's services for the past 5 years and they have always been satisfactory. Tricia from ContactOne recently helped us incorporate a JV, and was responsive throughout the process, making it simple and easy. Cheers for the good services!

Yoke Ping Lim

May 25, 2022

The staff is very helpful and service is fast. Excellent!

Patrick Juay

May 4, 2022

I would like to commend Tricia Lam for her fast responses and helpfulness to answer any and all of my queries, even if she doesn't know the answer. Kudos Tricia. Keep it up!!

Thong Yew Tai

April 22, 2022

Tricia from ContactOne handled the whole process smoothly and professionally. Not only did she address our concerns with ease, she also made sure everything was in order with timely updates. Thank you! For new business owners do give them a go! Packages are reasonably priced too !

Velva Beauty

April 20, 2022

We have engaged ContactOne for business incorporation and corporate secretary services. They are professional and prompt in their services.

KylieChua Liu

March 29, 2022

Many Thanks to Tricia for assisting to incorporate the Company in a breeze. We have a wonderful working together with her!

Daniel Ong

March 24, 2022

The Goodhousecleaners Pte Ltd, recently incorporated, was looking for a corporate secretary. We stumbled upon ContactOne and did a random call. It was professionally picked up by a particular, Tricia Lam. Her patience in explaining to us the procedures with no frills, no hidden cost/agenda, caught our attention. To be frank, right from the very first contact, we had already decided to move with ContactOne. Now that our incorporation is complete, we are thankful for Tricia and ContactOne for making the experience a easy-peasy one. We look forward to working with Tricia and ContactOne when the need arises....... Cheers!!from the team at The Goodhousecleaners _ Daniel Ong, Victor Ong & Susan Wei

ContactOne by Numbers

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years experience

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entrepreneurs served in Singapore

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company filings done

Our Price

$288

Sole Proprietorship (SP) Formation

$328

General Partnership (GP) Formation

$328

Limited Partnership (LP) Formation

$468

Limited Liability Partnership (LLP) Formation

$120

Annual Renewal / Declaration Service

$107

Additional fee for each corporate owner/partner

$25

Additional fee for each additional partner from the 5th partner (inclusive) onwards

# All fees listed are inclusive of government fees and includes a copy of your business instant information document.

Sole Proprietorship and Partnerships in Singapore

If you are considering setting up a business without much capital, have very low business risks, and will generate income that will not significantly affect your personal tax exposure, registering for a business vehicle other than a Private Limited Company may be an alternate choice for your business startup. You may register for a sole proprietorship in Singapore, if you are a single owner, or decide on one of the 3 forms of partnerships (General Partnership, Limited Partnership, and Limited Liability Partnership) if you are starting a business that involves 2 or more partners.

The key differences between a company and a sole proprietorship or partnership are:

Taxable income for a company is taxed under the corporate tax system whereas taxable income for a sole proprietorship/partnership is taxed under the personal income tax system.
Shareholders of a company have limited liabilities (to the extent of their capital contributed into the company), whereas owners of a sole proprietorship/partnership are exposed to business liabilities in varying degree (from unlimited liabilities to limited liabilities).
A Private Limited Company and a Limited Liability Partnership can own properties, whereas a sole proprietor, general partnership, or limited partnership cannot own properties under their own name.
Profits generated from Sole Proprietorship and Partnerships are subjected to CPF Medisave Contributions. You will be required to make Medisave contributions to your own CPF account if your share of trade income is more than $6,000 for the year.
Click here to review the comparison chart across the forms of business organizations available to an entrepreneur.

Before you register

If you are intending to form a sole proprietorship or partnership, you have to ensure that your Medisave contributions relating to any past trade income are fully settled or under an existing payment arrangement with the CPF Board. Likewise, your Medisave account needs to be properly arranged for when you wish to renew the registration for the sole proprietorship or partnerships.

You are eligible to form a sole proprietor or a general partnership if you are

a Singapore citizen / Singapore Permanent Resident / Employment Pass Holder or Dependent Pass Holder; and
above the age of 18

You are eligible to form a Limited Partnership or Limited Liability Partnership if you are

a Singapore citizen / Singapore Permanent Resident / Employment Pass Holder or Dependent Pass Holder; and
above the age of 18; or
a body corporate (Private Limited Companies, Limited Liability Partnership)

The entire registration process

The entire sole proprietorship registration process takes approximately 15 – 45 minutes if all information and documentation are in place. However, the registration may be delayed for up to two weeks if the name application of your business is referred for further checks by the Authorities.

In our capacity as an agent for the business formation, we will need you, together with your partners (if any), to be present at our office for witnessing purpose.

You may wish to complete the relevant Business Registration Forms and email to us at [email protected] for us to kick off the registration process.

BR01 Sole Proprietor Registration Form
BR02 General and Limited Partnerships Registration Form
BR03 Limited Liability Partnership Registration Form

Alternatively, give us a call at 6333 0633, SMS or WhatsApp us at 8666 3633 or simply send us a message through the contact us form on this page to make an appointment and we will do all the paperwork for you!

Sole Proprietor and Partnership