Types of business organisations available
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Limited Liability Company (LLC)
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Limited Liability Company (LLC)
The limited liability company, with share capital, is the most common vehicle contemplated by a foreigner interested investing in Singapore.
They must have a minimum of one director resident in Singapore and may have only one shareholder (individual or corporation). An LLC incorporated under the Companies Act is a separate entity from its shareholder(s). Equity participation by Singaporeans isn’t a requirement.
Every Limited Liability Company must have the word “Limited” or “Ltd.” at the end of its name and a Private Limited Company must have the word “Private” or “Pte”. All companies have to include their unique registration number in cLLCompany documents, but they aren’t required to display their company name on the outside of their office premises.
An LLC should hold its AGM within 6 months from its financial year end. The annual return together with the audited financial statements in XBRL format (unless exempted) should be filed within 7 months from its financial year end. Every LLC is required to appoint an auditor unless it is a dormant LLC or a small company.
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