LIMITED LIABILITY PARTNERSHIP (LLP)

• There must be at least two parties involved in partnership.
• Manager of the firm should be a Singapore resident.
• Partners can either be local residents or foreign persons. A local person cannot make LLP with a non-resident individual or person.

An LLP is required to be registered with Singapore’s “Accounting and Corporate Regulatory Authority (ACRA). The registration process is made up of two broad steps:

1. Reservation of proposed name; and
2. Registration of the entity.

Following documents are required for registration purpose:

• Proposed name of LLP – it is advisable to propose 2 to 3 names
• Complete particulars of all partners and managers of LLP including their residential addresses and in case where one of the partners is a company then its registration number, registered address and jurisdiction etc.
• Declaration of compliance as to the fact that all the information provided is true as to their belief.
• Registered address of the office of proposed LLP
• Manager’s consent to act in the capacity of a Manager and statement of qualification to act as Manager.

If everything goes well and all the information/documents provided to the authority are correct in their true sense, then it normally takes only one day for the registration.

Being a non-resident, you can also engage the services of a professional consultancy firm which can submit the required information on your behalf. A foreigner also needs to establish a representative office here in Singapore for undertaking administrative works. Such representative office shall not have its separate legal identity and would be primarily engaged in non-commercial activities.