{"id":23110,"date":"2021-03-10T16:41:24","date_gmt":"2021-03-10T16:41:24","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/?page_id=23110"},"modified":"2021-03-10T16:46:54","modified_gmt":"2021-03-10T16:46:54","slug":"limited-liability-partnership-set-up","status":"publish","type":"page","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/limited-liability-partnership-set-up\/","title":{"rendered":"Limited Liability Partnership Set-Up"},"content":{"rendered":"<div class=\"gb-container gb-container-2bcb0cdc\"><div class=\"gb-inside-container\">\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1870\" height=\"422\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/wp-content\/uploads\/2021\/02\/MBS-1.jpg\" alt=\"\" class=\"wp-image-21725\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/wp-content\/uploads\/2021\/02\/MBS-1.jpg 1870w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/wp-content\/uploads\/2021\/02\/MBS-1-300x68.jpg 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/wp-content\/uploads\/2021\/02\/MBS-1-1024x231.jpg 1024w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/wp-content\/uploads\/2021\/02\/MBS-1-768x173.jpg 768w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/wp-content\/uploads\/2021\/02\/MBS-1-1536x347.jpg 1536w\" sizes=\"(max-width: 1870px) 100vw, 1870px\" \/><\/figure>\n\n\n<section class=\"gb-container gb-container-06f23e47\"><div class=\"gb-inside-container\">\n\n<h2 class=\"has-text-align-center wp-block-heading\"><strong>W.L.P. Can Help You Set up Limited Liability Partnership (LLP) in Singapore<\/strong><\/h2>\n\n\n<div class=\"gb-grid-wrapper gb-grid-wrapper-1023b967\">\n<div class=\"gb-grid-column gb-grid-column-013c55ea\"><div class=\"gb-container gb-container-013c55ea\"><div class=\"gb-inside-container\">\n\n<div style=\"height:90px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">W.L.P. Group can assist you in setting up a Limited Liability Partnership (LLP) in Singapore. Our friendly and competent personnel are waiting for you!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We provide excellent service to our clients. Let&#8217;s start setting up of your company, Contact W.L.P. Group now!<\/p>\n\n<\/div><\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-705e115d\"><div class=\"gb-container gb-container-705e115d\"><div class=\"gb-inside-container\">\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/wp-content\/uploads\/2021\/02\/finding-your-audience-3-1024x576-1.jpg\" alt=\"Limited Liability Partnership Set-Up\" class=\"wp-image-18801\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/wp-content\/uploads\/2021\/02\/finding-your-audience-3-1024x576-1.jpg 1024w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/wp-content\/uploads\/2021\/02\/finding-your-audience-3-1024x576-1-300x169.jpg 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/wp-content\/uploads\/2021\/02\/finding-your-audience-3-1024x576-1-768x432.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n<\/div><\/div><\/div>\n<\/div>\n<\/div><\/section><\/div>\n<\/div>\n\n\n\n<div style=\"height:61px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"faq-container\">\n    <h2 class=\"faq-heading\">What is Limited Liability Partnership (LLP) in Singapore?<span class=\"toggle\"><\/span><\/h2>\n    <div class=\"faq-contents\">      \n       <ul>\n<li>An LLP is a business formed by a minimum of two to a maximum of twenty partners. Once the partnership exceeds more than twenty partners, the partnership must be registered as a company under the Companies Act, Cap. 50.<\/li>\n<li>The partners are limited to liabilities incurred due to their own wrongful actions, however are not liable for loss and debts occurred by other partners (s).<\/li>\n<li>Profits of the LLP are treated as personal income\/ corporate income of the individual\/ corporate entity who is part of the partnership, hence the profits are taxable to a tax rate as that of personal\/corporate income.<\/li>\n<li>LLP is not required to audit their accounts (unless special circumstances)<\/li>\n<\/ul>\n<ul>\n<li>LLP has to file an annual declaration of solvency with ACRA.<\/li>\n<\/ul>\n\n<p><strong><u>General Requirement<\/u><\/strong><\/p>\n<ul>\n<li>Any Singapore registered company or a natural person of at least 18 years of age is eligible to register an LLP.<\/li>\n<li>A local Singapore address must be provided as the business address for the LLP. HDB\/ URA address will have to seek written approval from HDB under the Home Office Scheme for the usage of residential premises as a business address.<\/li>\n<li>All Singapore citizens or PRs&nbsp; partners registering LLP must ensure that their Medisave accounts have sufficient funds and no outstanding amount before proceeding with the registration.<\/li>\n<\/ul>\n    <\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr style=\"width:15%; margin: auto\" class=\"solid\">\n\n\n\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-text-align-center wp-block-heading\"><strong>REGISTRATION OF LIMITED LIABILITY PARTNERSHIP<\/strong><br><strong>FROM S$580 NETT<\/strong><\/h4>\n\n\n\n<hr style=\"width:15%; margin: auto\" class=\"solid\">\n\n\n\n<div style=\"height:75px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"gb-grid-wrapper gb-grid-wrapper-519a923a\">\n<div class=\"gb-grid-column gb-grid-column-ac0dd5ba\"><div class=\"gb-container gb-container-ac0dd5ba\"><div class=\"gb-inside-container\">\n\n<p class=\"wp-block-paragraph\"><strong>Fees Inclusive Of:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>ACRA Name Search &amp; Reservation<\/li><li>ACRA Application Fees<\/li><li>Set-Up Advisory<\/li><li>Bank Account Opening (OCBC\/ UOB\/ Maybank)<\/li><\/ul>\n\n<\/div><\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-4705d75a\"><div class=\"gb-container gb-container-4705d75a\"><div class=\"gb-inside-container\">\n\n<p class=\"wp-block-paragraph\"><strong>Required Information:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Proposed Business Name&nbsp;<\/li><li>Registered Business Address<\/li><li>Principal Business Activity (Minimum 1, Maximum 2) \u2013<a href=\"https:\/\/www.acra.gov.sg\/components\/templates\/SSICCodeSearch.aspx\">&nbsp;<\/a>SSIC Code Search<\/li><li>Copy of Owner\/ Partner\u2019s NRIC (Front &amp; Back), contact number and email address<\/li><li>Profit Allocation (%) for Partnership only<\/li><li>Proof of Residency for Foreign partner(s) only<\/li><li>Preferred Bank for Bank Opening (OCBC\/ UOB\/ Maybank)<\/li><\/ol>\n\n<\/div><\/div><\/div>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1870\" height=\"422\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/wp-content\/uploads\/2021\/02\/WLP_Garden-by-the-bay-1.jpg\" alt=\"\" class=\"wp-image-21756\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/wp-content\/uploads\/2021\/02\/WLP_Garden-by-the-bay-1.jpg 1870w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/wp-content\/uploads\/2021\/02\/WLP_Garden-by-the-bay-1-300x68.jpg 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/wp-content\/uploads\/2021\/02\/WLP_Garden-by-the-bay-1-1024x231.jpg 1024w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/wp-content\/uploads\/2021\/02\/WLP_Garden-by-the-bay-1-768x173.jpg 768w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/wp-content\/uploads\/2021\/02\/WLP_Garden-by-the-bay-1-1536x347.jpg 1536w\" sizes=\"(max-width: 1870px) 100vw, 1870px\" \/><\/figure>\n\n\n\n<div style=\"height:48px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>W.L.P. Can Help You Set up Limited Liability Partnership (LLP) in Singapore What is Limited Liability Partnership (LLP) in Singapore? An LLP is a business formed by a minimum of two to a maximum of twenty partners. Once the partnership exceeds more than twenty partners, the partnership must be registered as a company under the &#8230; <a title=\"Limited Liability Partnership Set-Up\" class=\"read-more\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/limited-liability-partnership-set-up\/\" aria-label=\"More on Limited Liability Partnership Set-Up\">Read more<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-23110","page","type-page","status-publish"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"W.L.P. 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