Limited Liability Partnership

About this package

How it works

An LLP combines the features of a Limited Limited Company and a Partnership.  It provides the legal status of a typical private limited company while offering the flexibility and simplicity of a partnership.  LLPs are the preferred business entity for professionals such as lawyers, accountants, engineers, architects and other such consultancy, advisory and management firms.

LLP Registration

Requirements for LLP

  • At least 2 Partners (Residents or Non-Residents)
  • At least one manager who must be a Singapore resident
  • A local registered office address

Documents required for registering LLP

  • Proposed LLP name
  • Personal particulars of each partner
  • Written consent to act as manager, if required

Features of LLP

Who can be a partner?

  • Residents (Singapore citizens, Permanent Residents or Work Visa holders)
  • Non-Residents
  • Corporations (local or foreign companies)
  • Other LLPs

Features of a LLP

  • It has a separate legal entity therefore individual partners are not personally liable for losses or debts
  • Each Partner has limited liability according to his share of the Partnership and personally liable for his own misdeeds
  • Each partner is not liable for any misdeeds of the other partners
  • Minimum of 2 partners, no maximum limit
  • Partners can be individuals or body corporate (company or other LLP)
  • At least ONE local resident manager must be appointed
  • Annual filings are NOT required for LLPs.
  • LLPs are not required to pay corporate tax.  Instead each partner is taxed personally under Personal Income Tax.
  • LLPs survive the death of its partners.  Ownership can be transferred or willed as inheritance.  Changes in ownership of the partnership does not affect it’s status, rights or liabilities.

Request for Quote

    Your Name (required)

    Your Email (required)

    Your Phone

    Your Message

    Help us avoid spam. Type the characters shown below

    To use CAPTCHA, you need Really Simple CAPTCHA plugin installed.

    [dynamichidden cf7-counter "CF7_counter"]