contact
9 + 9 =

Sole Proprietorship

This package is suitable for all individuals residing in Singapore (Singapore citizens, Permanent Residents, Employment pass and Dependent Pass holders) who wish to set up a small business in their name. However, if the owner is a foreigner (not ordinarily resident) in Singapore, he must appoint a local manager who is either a Singapore citizen or a Singapore Permanent Resident.

The owner of a sole-proprietorship is required to notify ACRA about the principal place of the business, and any other place where the business is carried out. However, a P.O. Box address cannot be used as the business address. Under the Home Office Scheme, homeowners are allowed to conduct small-scale businesses using their residential premises. This scheme applies to both HDB and private properties. Application for approval under the Home Office Scheme can be submitted before or after business/company registration with ACRA.

Registration for sole proprietorship must be renewed annually.

Completed application form (download)
• Proposed Sole Proprietorship Name (to check availability)

Business Owner/ Local Manager
• Residents : Copy of NRIC/employment pass

For Letter of Consent
• Letter of consent application form
• Current extract of company particulars from Registrar of Companies
• Copies of education certificates

Important note : All documents must be in English; or officially translated in English.

SGD

Year 1 Year 2
onwards
Registration 600 -
Registered Office Address (per year) FREE 120
Letter of Consent 600 -
TOTAL 1200 120

 Sole Proprietorship registration service includes government fee of SGD 65

A Sole proprietorship is a form of business structure which is very quick and easy to set up, easy to administer and manage with low registration cost and less administrative duties to adhere to.

A Sole proprietorship is owned by one individual or company who has absolute control in the management of the company. It does not have a separate legal entity status and the owner has unlimited liability who can be sued in his/her's own name or the business name for all the debts and loses of the business.

Any person of 18 years or above (Singapore Citizens, Singapore Permanent Residents, Foreigners residing outside Singapore). However, if the owner is not resident in Singapore, then he must appoint a local manager who is ordinarily resident in Singapore.

The registration for sole proprietorship is done for one year and the same must be renewed annually.

Profits of a sole proprietorship are taxed at the owner's personal income tax rates.