Our lawyers in Singapore can provide you with assistance for the incorporation of a limited liability partnership (LLP) and can offer you further information on the advantages of the LLP.
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How can your team assist me in registering an LLP in 2026?
Our team of lawyers in Singapore will:
- complete the registration formalities;
- address all the competent authorities;
- help clients in hiring foreign workforce, which implies completing specific immigration formalities;
- set up online accounts, necessary for the communication with the local institutions;
- assist in finding a suitable business address, etc.
What is an LLP in Singapore?
An LLP in Singapore requires at least two partners, who can be individuals or companies. The LLP is a separate legal entity and the partners of the LLP have limited liability on the company’s debts; as such, a partner can’t be considered liable for the mistakes of other partners in the LLP.
| Quick Facts | |
|---|---|
| What is a limited liability partnership (LLP)? | Investors who want to open a limited liability partnership in Singapore must know that this structure combines the characteristics of a partnership with the ones of a limited liability company (it has a separate legal personality from its founders). |
|
Minimum number of founders |
2 |
|
Types of entities that can set up the LLP |
Individuals and legal entities. |
| Appointing a manager | It is mandatory to appoint a manager. |
| LLP legislation |
Investors can open a limited liability partnership in Singapore in accordance with the rules of the Limited Liability Partnership Act 2006. |
| Institution responsible for the registration of the LLP |
Accounting and Corporate Regulatory Authority (ACRA) |
| Registration fees |
$100 (plus $15 for the registration of the company’s trading name). |
| How long does it take to register the LLP in Singapore? |
The minimum time required for this procedure is 15 days. Provided that the registration needs the approval of another authority (depending on the business activity the LLP will carry out), it can take up to 60 days to register it. |
| Residency obligations |
While foreign investors can easily open a limited liability partnership in Singapore, they are required to appoint a manager who is a Singapore citizen or permanent resident. |
| Are foreign investors required to live in Singapore once they register the LLP? | No, there aren’t any residency requirements in this sense. |
| Foreign employment obligations |
In the case in which the LLP will hire foreign workforce, the approval of the Ministry of Manpower is required. Once employed, the institution will charge a Foreign Worker Levy. |
| Owning property |
The LLP has the right to own property in its own name. |
| Liability policies |
In the Singaporean LLP, the partners are not held personally responsible for the debts of the LLP. |
| Accounting obligations |
The LLP has the obligation to maintain bookeepping records, the profit and loss accounts, the balance sheet and to submit financial reports at the end of the financial year. |
| Additional obligations starting with the 2nd financial year | Starting with the 2nd year of activity, the LLP must also submit an Annual Declaration of Solvency/Insolvency. |
What are the main characteristics of the LLP?
The LLP is characterized by the fact that the partners are responsible to run the business, as an LLP in Singapore does not stipulate naming directors or shareholders. However, the LLP should have a manager, whose age should be above 18 and who is a Singaporean citizen. The manager can also be appointed if he or she is a permanent resident of Singapore or if he has received an employment pass.
What is the law regulating the activity of an LLP?
The rules which govern the legal activity of an LLP are prescribed by the Limited Liability Partnership Act 2006; our law firm in Singapore can provide you with more details on the provisions of this Act.
What are the main registration highlights of a Singapore LLP in 2026?
In the list below, our lawyers in Singapore present some of the main aspects investors should be aware of when registering the LLP:
- the LLP is registered by the Accounting and Corporate Regulatory Authority (ACRA);
- in 2026, there is also the obligation to appoint a local representative, who will act as the manager of the LLP;
- the registration process starts by filing an online application;
- investors should reserve the trade name;
- they must also submit a variety of corporate documents, as required by ACRA.
Is there a time limit for which the trade name can be reserved in 2026?
Yes, investors who want to open this company type in 2026 must know that the company name will be reserved for a period of 120 days since its approval. An extension on the approval is not allowed under the Singaporean law.
The video below presents how to register a limited liability partnership in Singapore:
What information is required when opening an LLP?
When opening a company in Singapore, you will have to provide the following documents:
- the proposed name of the company;
- information on the partners, including passport/Singaporean ID data;
- the address of the partners;
- declaration of compliance.
What are the requirements concerning the registered address of the LLP?
The LLP in Singapore must also have a registered address, as a part of the mandatory registration procedure. Concerning the registered address, in the list below our lawyers in Singapore present the following:
- the address must be located in Singapore;
- the address must accessible to the general public during the company’s standard working hours;
- please mind that the registered address can be in a different location than where the business carries its current operations.
Do I need to subscribe a minimum share capital?
No, the LLP is a company type that does not require investors to subscribe a minimum share capital during the registration formalities.
Are there any LLP registration fees charged in 2026?
If you want to register an LLP in Singapore in 2026, you will also need to pay various registration fees. According to the Accounting and Corporate Regulatory Authority (ACRA), the standard fees and other registration formalities for 2026 are as follows:
- the fee for the trading name application is $15;
- and the fee to register the Singaporean limited liability partnership is $100;
- the application will usually be processed in a period of 15 minutes;
- its approval can last up to 14-60 days, depending on what other institutions may need to provide their consent.
In the infographic below, you can find out the basics steps on how to register a Singapore limited liability partnership in 2026:
Can I make any changes to an LLP in Singapore?
Regarding the changes of partners or managers, any of the following must be reported:
- the name of the partner/manager;
- the residential address (if the person’s residency in Singapore changes);
- the nationality;
- the fixed or mobile telephone number;
- the e-mail address.
Please know that there is a deadline to report any corporate changes – ACRA must be notified in a period of 14 days from the moment when the change was registered in a corporate document.
What are the tax policies applicable to the LLP?
While the LLP is a separate business with its own legal personality, it must be noted that the taxation system is not exclusively based on corporate taxation principles. This is influenced by the nature of the partners – natural persons involved in a partnership are taxed following the personal income tax rules, while partners who are corporate entities, are charged with the corporate tax.
Do I need to register for value added tax?
The value added tax in Singapore is known as the goods and services tax (GST). Companies must pay this tax in accordance with the tax rules applied by the local authorities. When we refer to the LLP, the registration for GST becomes mandatory in the following cases:
- the company exceeded a taxable turnover of $1 million at the end of a financial year;
- the company expects to exceed $1 million (in taxable turnover) in the following financial year (or 12 months).
If you need further information on the LLP in Singapore , please contact our team of Singaporean lawyers for assistance.