We are here for you, however, our physical office will be closed in accordance with the Singapore government measures from 7th April 2020 to 1st June 2020. Read more..

Sole Proprietorship Business Setup Package


As the simplest form of business structure available to potential single business owners, a Sole Proprietor exercises singularly decisive authority and responsibility for all assets and liabilities belonging to the business. A Sole Proprietorship can be registered by all Singapore citizens, Permanent Residents (PR), Employment Pass (EP) and Entrepreneur Pass (EntrePass) holders.

Why you should start a Sole Proprietorship

  • Quick, easy and inexpensive to set up
  • Not a separate legal entity from the business owner/proprietor
  • Not a perpetual entity
  • Sole proprietor is personally accountable for all liabilities incurred for all aspects of business
  • Undivided authority and control
  • Less administrative duties and compliance requirements
  • Annual registration renewal
  • Earnings taxed at personal income tax rates
  • Not required to audit accounts or file annual returns with ACRA

How AsiaBiz can help you:

All you have to do is to ensure you meet the minimum requirements (listed below) of setting up a Sole Proprietorship. AsiaBiz will facilitate a smooth and hassle-free registration of your business in less than 30 minutes!

What you need to set up a Sole Proprietorship

  • Individual owner must be at least 18 years of age, or a Singapore Company/LLP
  • Local Manager who is a Singapore Citizen or PR, at least 21 years of age
  • Singapore registered office address
  • Foreigners residing overseas can partner with a local or resident person or appoint a local manager
  • Medisave must be paid up with Central Provident Fund (CPF) Board for yearly renewal
  • Business name

Ready to start a Sole Proprietorship in Singapore?

We’ve got it all covered. With AsiaBiz, you get a dedicated one-stop solution for your company incorporation, immigration, offshore setup, accounting, taxation, and corporate compliance needs.
Share This
Call Us
Text Us
Email Us