A Limited Liability Partnership (LLP) combines the best features of a Partnership and a Private Limited Company. It offers the ease and flexibility of operating a partnership, while retaining a legal identity separate from its partners. This type of business entity is ideal for lawyers, architects, accountants, and other professional firms. To register a LLP, you must be a Singapore citizen, resident, or employment pass holders. Foreign individuals and companies may also register a LLP, but they must appoint a local manager.
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LLP Setup Requirements
- Minimum 2 Partners
- Minimum one manager who must be a Singapore resident
- A Singapore registered office address