Company Formation Singapore

CHECK COMPANY
NAME AVAILABILITY (Step 1)



Articles

The Limited Partnership in Singapore

Updated on Sunday 11th December 2016

Rate this article
5 5 1
based on 0 reviews


The-Limited-Partnership-in-SingaporeThe Singapore Limited Partnerships Act

Foreign citizens can set up several types of companies in Singapore among which partnerships. One of the most employed types of partnerships is the limited partnership which falls under the regulations of the Singapore Limited Partnerships Act established in 2008. The Limited Partnerships Act was last amended in 2010. Under the current legislation, any local or foreign citizen or company can set up a limited partnership in Singapore.

If you want to open a company in Singapore and need assistance you can request the services of our specialists in the city-state.

You can also watch the video below for information on how to open a limited partnership in Singapore:

Requirements to start a limited partnership in Singapore

Under the Limited Partnerships Act two or more individuals or companies are allowed to open a limited partnership in Singapore. The Singapore limited partnership must be formed by:

  • -          one or more general partners,
  • -          one or more limited partners.

The general partners in Singapore limited partnerships will be fully liable with their personal assets for the company’s debt and responsibilities. The general partners will also be in charge with the management of the Singapore company. The limited partners, on the other hand, will be held liable for the company’s debts and obligations only to the extent of their participation in the limited partnership. Limited partners will not be involved in the management of the company.

Registration of limited partnerships in Singapore

A limited partnership must be created by registration with the Singapore Accounting and Corporate Regulatory Authority. Foreign citizens or companies wanting to set up a limited partnership are required to request the services of company formation specialists in Singapore.

 The first step will be the name reservation. Once the name is approved, the applicant must specify the purpose of the Singapore limited partnership. The partnership must also appoint at least one Singapore resident director.

Limited partnerships are not subject to audit requirements and need not file annual returns with ACRA. However, they will be required to maintain their accounting records for at least 5 years. For information related to the taxation of limited partnerships you can contact our consultants in company registration in Singapore.

 

Comments

There are no comments

Comments & Requests


Please note that client queries should NOT be posted here but sent through our Contact page.

Why choose us?

As a DM Advisory client, you will benefit from the joint expertise of local lawyers and consultants for opening an offshore company in Singapore. 

Company-formation-Singapore-agents.png

Company-formation-Singapore-cost.png

Company-formation-Singapore-24.png

Company-formation-Singapore-1000.png


Call us now at + 852 8191 3385 to set up an appointment with our consultants in Singapore

 

Tax Calculator

tax-calculator-singapore

Testimonials

Francesco-Dagnino.jpg

The experts at OpenCompanySingapore.com helped my clients establish a company in Singapore fast and easy. I would definitely recommend them to any foreign investor interested in forming a company in this Asian jurisdiction.

Francesco Dagnino, Partner of
Lexia Avvocati
www.LawyersItaly.eu

Read more testimonials

We Recommend ClientPedia

This website is marketed by ClientPedia

Banner-Promoting ClientPedia-244px.jpg

We accept online payments

paypal-logo.png