Private Company (LLC or Pte Ltd)

A private company is easily identifiable by its name which contains the word “Private” (abbreviated to be “Pte.”) or “Sendirian” (a word in Malay and abbreviated to be “Sdn.”).

The number of shareholders is limited to 50 and 100% foreign ownership is allowed.

The liabilities of the shareholders in respect to its debts or the contribution of assets upon winding up is limited to the amount that the shareholders have committed to.

Incorporating a private company in Singapore is a simple process which can be completed in a few days. Companies will need to make a name application with ACRA (Accounting and Corporate Regulatory Authority) and upon approval, the new company can be incorporated immediately.