{"id":12870,"date":"2016-11-23T10:10:18","date_gmt":"2016-11-23T02:10:18","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/?page_id=12870"},"modified":"2026-08-21T15:40:57","modified_gmt":"2026-08-21T07:40:57","slug":"limited-partnership","status":"publish","type":"page","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/resources\/guide-to-setup-singapore-business\/limited-partnership\/","title":{"rendered":"Limited Partnership"},"content":{"rendered":"<div class=\"wpb-content-wrapper\" id=\"wpb-content-root\"><p>[vc_row][vc_column][vc_column_text]<\/p>\n<h2><b>Limited Partnership in Singapore: Is It the Right Business Structure for You?\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A <\/span><a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/resources\/business-compendium\/limited-partnership-lp\/\"><b>Limited Partnership<\/b><\/a><span style=\"font-weight: 400;\"> (LP) in Singapore is a business structure formed under the Limited Partnerships Act 2008, requiring at least one general partner and one limited partner. Unlike a private limited company, an LP has no separate legal personality, so general partners carry unlimited liability for all debts, while limited partners are liable only up to their agreed capital contribution and cannot take part in daily management.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">LPs are registered with the Accounting and Corporate Regulatory Authority through Bizfile and are commonly chosen for investment funds, family offices, and joint ventures wanting limited liability without full incorporation. Engaging an ACRA-approved corporate service provider simplifies registration, compliance, and renewal.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>What Is a Limited Partnership in Singapore?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A Limited Partnership sits between a general partnership and a private limited company. It has two classes of partners:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/resources\/business-compendium\/general-partnership\/\"><b>General partners<\/b><\/a><span style=\"font-weight: 400;\"> manage the business and are personally liable for all debts and obligations of the LP, exactly as in a standard partnership.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Limited partners contribute capital and are liable only up to that agreed amount, provided they take no part in management.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">An LP does not have a legal identity separate from its partners. The Partnership Act 1890 applies as the general law, subject to the specific provisions of the Limited Partnerships Act 2008.<\/span><\/p>\n<h3><\/h3>\n<h3><b>How Do You Register a Limited Partnership in Singapore?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Registration is completed entirely online through<\/span><a href=\"https:\/\/www.acra.gov.sg\/register\/business\/registering-different-business-structures\/limited-partnership\/\" target=\"_blank\" rel=\"noopener\"> <b>Bizfile<\/b><\/a><span style=\"font-weight: 400;\">, ACRA&#8217;s filing portal. The process:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/incorporation\/guide-to-select-your-singapore-company-names\/\"><b>Reserve a company name<\/b><\/a><span style=\"font-weight: 400;\"> with ACRA (approval is typically instant unless the name requires referral to another authority).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Submit the LP application via Bizfile, providing the registered address, business activity, and details of all general and limited partners.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Obtain partner endorsement; every proposed partner must endorse the application online, or a corporate service provider can file on their behalf.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Receive your <\/span><a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/incorporation\/choosing-preferred-uen-identification\/\"><b>Unique Entity Number<\/b><\/a><span style=\"font-weight: 400;\"> (UEN) and Business Profile once approved, usually the same day for straightforward applications, or 14\u201360 days if referred to another government agency (for example, the Ministry of Education for education-related activities).<\/span><\/li>\n<\/ol>\n<p><b>Note:<\/b><span style=\"font-weight: 400;\"> An existing general partnership can also convert into an LP by registering one or more (not all) partners as limited partners and re-registering the firm under the Limited Partnerships Act.<\/span><\/p>\n<h3><\/h3>\n<h3><b>What Are the Requirements for General Partners and Limited Partners?<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Every LP must have at least one general partner and one limited partner; there is no maximum.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If all general partners reside outside Singapore, ACRA requires the appointment of a locally resident manager (Singapore Citizen, PR, or eligible EntrePass\/<\/span><a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/services\/immigration\/singapore-employment-pass\/\"><b>Employment Pass<\/b><\/a><span style=\"font-weight: 400;\"> holder) to discharge the LP&#8217;s statutory obligations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The manager cannot be an undischarged bankrupt unless permitted by the High Court or Official Assignee.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business registration and renewal require partners to be up to date on MediSave contributions with the CPF Board, either paid in full or on an active GIRO arrangement.<\/span><\/li>\n<\/ul>\n<h3><\/h3>\n<h3><b>How Is a Limited Partnership Taxed in Singapore?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">An LP is not a separate taxable entity. Each partner is taxed individually on their share of the LP&#8217;s income, in the same way as a general partnership. General partners are taxed on business income; limited partners are taxed based on their profit-sharing ratio under the partnership agreement.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Distributions to limited partners must be refunded if made while general partners were insolvent, or if general partners are later declared bankrupt within one year of the distribution.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>How Is a Limited Partnership Dissolved or Terminated?\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">However, with the presence of the limited partners, it made some difference to the termination of the LPs, <\/span><span style=\"font-weight: 400;\">compared<\/span> <span style=\"font-weight: 400;\">to private limited companies. For instance,<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Limited partners are <\/span><b>NOT <\/b><span style=\"font-weight: 400;\">entitled to dissolve the LP by notice.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">LP is dissolved on the death, dissolution, bankruptcy<\/span><span style=\"font-weight: 400;\">,<\/span><span style=\"font-weight: 400;\"> or liquidation of a limited partner.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">In the event of <\/span><a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/services\/corporate-secretarial\/strike-off-company\/\"><b>termination of an LP<\/b><\/a><span style=\"font-weight: 400;\">, its affairs are to be wound up by the general partners unless there is a court order to the contrary.<\/span><\/p>\n<h3><\/h3>\n<h3><b>How Much Does It Cost to Register and Renew a Limited Partnership in Singapore?<\/b><\/h3>\n<p><a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/services\/company-setup\/singapore-company-registration-services\/\"><b>Registering a company in Singapore<\/b><\/a><span style=\"font-weight: 400;\"> involves modest, fixed fees payable to ACRA via Bizfile. Below is a complete breakdown of current costs, verified against ACRA&#8217;s official fee schedule.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Transaction<\/b><\/td>\n<td><b>Fee (SGD)<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Business name application<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$15<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">New LP registration<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$100<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Annual renewal (1-year)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$30<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Renewal (3-year option, if eligible)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$30 (locks in rate for 3 years)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Notice of Error filing<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$60<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Note:<\/b><span style=\"font-weight: 400;\"> Renewal can be filed up to <\/span><b>60 days before expiry<\/b><span style=\"font-weight: 400;\">, and a 3-year renewal option is available if partners have no outstanding MediSave arrears. Operating with an expired LP registration is a criminal offence under the Limited Partnerships Act.<\/span><\/p>\n<h3><\/h3>\n<h3><b>Limited Partnership vs. LLP vs. Private Limited Company: Which Should You Choose?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Choosing between an LP, LLP, and private limited company depends on liability exposure, tax treatment, and long-term growth plans. The comparison below breaks down the key differences across all three structures.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Feature<\/b><\/td>\n<td><b>Limited Partnership (LP)<\/b><\/td>\n<td><b>LLP<\/b><\/td>\n<td><b>Private Limited Company<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Separate legal entity<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Liability<\/span><\/td>\n<td><span style=\"font-weight: 400;\">GP: unlimited \/ LP: limited to contribution<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Limited for all partners<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Limited to share capital<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Minimum owners<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1 general + 1 limited partner<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2 partners<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1 shareholder<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Taxation<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Taxed at partner level<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Taxed at partner level<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Corporate tax rate, with exemptions<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Best suited for<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Investment funds, family offices, joint ventures<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Professional practices (law, audit, consulting)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Most SMEs, startups, and scaling businesses<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Governing law<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Limited Partnerships Act 2008<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Limited Liability Partnerships Act 2005<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Companies Act 1967<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Note: <\/b><span style=\"font-weight: 400;\">For most trading businesses seeking credibility, tax exemptions, and easier fundraising, a private limited company remains the stronger long-term choice. An LP is best reserved for specific fund, family office, or joint-venture structures where partners deliberately want a non-corporate vehicle.<\/span><\/p>\n<h3><\/h3>\n<h3><b>Choosing the Right Business Structure With 3E Accounting<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A Limited Partnership offers a flexible middle ground between a general partnership and a private limited company, but it comes with real liability trade-offs that deserve careful structuring before you file. Whether you are setting up a new LP, converting an existing partnership, or weighing an LP against a Pte Ltd, the decision affects your tax position, liability exposure, and ability to raise funds for years to come.<\/span><\/p>\n<p><a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/\"><b>3E Accounting<\/b><\/a><span style=\"font-weight: 400;\"> is an ACRA-approved corporate service provider with deep experience registering and managing Limited Partnerships, LLPs, and private limited companies across Singapore. Our team handles Bizfile submissions, partner compliance, and annual renewals end-to-end, so you can focus on running your business with the right structure in place from day one.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_title=&#8221;CTA&#8221;][vc_column][vc_row_inner css=&#8221;.vc_custom_1730870221717{background-color: #126742 !important;border-radius: 5px !important;border-color: #EEEEEE !important;}&#8221;][vc_column_inner][vc_column_text css=&#8221;&#8221;]<\/p>\n<h4 style=\"text-align: center; color: white;\"><strong>Register Your Limited Partnership in Singapore Today<\/strong><\/h4>\n<p style=\"text-align: center; color: white;\"><span style=\"font-weight: 400;\">3E Accounting helps you register and manage your Limited Partnership in Singapore, backed by specialists who protect your interests.<\/span><\/p>\n<p>[\/vc_column_text][vc_btn title=&#8221;Register Now&#8221; style=&#8221;flat&#8221; color=&#8221;white&#8221; align=&#8221;center&#8221; css=&#8221;.vc_custom_1787297654984{padding-bottom: 20px !important;}&#8221; link=&#8221;url:https%3A%2F%2Fwww.3ecpa.com.sg%2Fcontact-us%2F&#8221;][\/vc_column_inner][\/vc_row_inner][vc_empty_space][vc_column_text css=&#8221;&#8221;]<\/p>\n<h2 style=\"font-size: 34px; color: #126742;\"><strong>Frequently Asked Questions<\/strong><\/h2>\n<p>[\/vc_column_text][vc_tta_accordion title_tag=&#8221;h3&#8243; style=&#8221;flat&#8221; color=&#8221;green&#8221; spacing=&#8221;10&#8243; gap=&#8221;10&#8243; c_align=&#8221;left&#8221; c_position=&#8221;right&#8221; active_section=&#8221;&#8221; no_fill=&#8221;true&#8221; css=&#8221;.vc_custom_1730871643818{margin-top: 0px !important;border-top-width: 0px !important;padding-top: 0px !important;}&#8221;][vc_tta_section title=&#8221;How to register a limited partnership in Singapore?&#8221; tab_id=&#8221;1&#8243;][vc_column_text css=&#8221;&#8221; el_id=&#8221;1&#8243;]<span style=\"font-weight: 400;\">Reserve a business name, then apply via ACRA&#8217;s Bizfile portal with details of general and limited partners, registered address, and business activity. All partners must endorse the application online. Once approved, ACRA issues a UEN and Business Profile, typically within one day for straightforward applications.<\/span>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;What are the legal requirements for limited partnership formation? &#8221; tab_id=&#8221;2&#8243;][vc_column_text css=&#8221;&#8221; el_id=&#8221;2&#8243;]<span style=\"font-weight: 400;\">A Singapore LP requires at least one general partner and one limited partner, a registered local address, and a business name approved by ACRA. If every general partner resides outside Singapore, a locally resident manager must be appointed to fulfil statutory obligations under the Limited Partnerships Act 2008.<\/span>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;What&#8217;s the difference between a limited partnership and a private limited company in Singapore&#8221; tab_id=&#8221;3&#8243;][vc_column_text css=&#8221;&#8221; el_id=&#8221;3&#8243;]<span style=\"font-weight: 400;\">An LP has no separate legal personality, so general partners face unlimited liability, while a private limited company is a distinct legal entity offering shareholders limited liability. Pte Ltd companies also enjoy stronger credibility, tax exemptions, and easier access to funding than LPs.<\/span>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;Which accounting services specialize in limited partnership compliance and tax filing?&#8221; tab_id=&#8221;4&#8243;][vc_column_text css=&#8221;&#8221; el_id=&#8221;4&#8243;]<span style=\"font-weight: 400;\">ACRA-approved corporate service providers, such as 3E Accounting, specialise in LP registration, partnership tax filing, MediSave compliance checks, and annual renewals. Choosing a licensed provider ensures accurate Form P submissions and helps partners avoid penalties for late or incorrect filings.<\/span>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;Can I convert my sole proprietorship into a limited partnership?&#8221; tab_id=&#8221;5&#8243;][vc_column_text css=&#8221;&#8221;]<span style=\"font-weight: 400;\">Yes. A sole proprietorship can be restructured into an LP by registering one or more incoming partners, with at least one designated as a limited partner. The new LP must be registered under the Limited Partnerships Act, and existing business particulars updated with ACRA.<\/span>[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][vc_empty_space][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text] Limited Partnership in Singapore: Is It the Right Business Structure for You?\u00a0 A Limited Partnership (LP) in Singapore is a business structure formed under the Limited Partnerships Act 2008, requiring at least one general partner and one limited partner. Unlike a private limited company, an LP has no separate legal personality, so general partners&hellip;<\/p>\n","protected":false},"author":22,"featured_media":80577,"parent":12753,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[24],"class_list":["post-12870","page","type-page","status-publish","has-post-thumbnail","category-resource","description-off"],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/12870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/comments?post=12870"}],"version-history":[{"count":3,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/12870\/revisions"}],"predecessor-version":[{"id":107816,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/12870\/revisions\/107816"}],"up":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/12753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media\/80577"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media?parent=12870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/categories?post=12870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}