Types of LLC Registration in Singapore
In Singapore, Limited Liability Companies (LLCs) are a popular business structure due to their flexibility, separate legal identity, and limited liability protection. There are primarily two types of Singapore LLC registration options:
Private Limited Company (Pte Ltd): This is the most common form of LLC in Singapore. A private limited company can have up to 50 shareholders and is suitable for small to medium-sized businesses. It offers strong credibility, tax incentives, and ease of raising capital. Shareholders are not personally liable for company debts beyond their shareholdings.
Public Limited Company: This type of LLC can offer shares to the public and is usually listed on the Singapore Exchange (SGX). It requires at least 50 shareholders and is subject to more stringent regulatory and disclosure requirements. This structure is suitable for large businesses seeking to raise substantial capital.
While both are considered LLCs, private limited companies are more accessible and efficient for most entrepreneurs and startups. Singapore also supports the registration of subsidiary companies, branches, and representative offices for foreign businesses. Each structure has specific compliance obligations, making it essential to choose based on your business goals, growth plans, and operational scale. Professional guidance can ensure the right setup and compliance.