There are 3 forms of partnership entities in Singapore. Each entity has their own corresponding benefits and different requirements during setup and registration. Unlimited Liability Partnership Akin to a Sole-Proprietorship, an Unlimited Liability Partnership has the exact same structure and benefits with minimal or no liability protection. It is the simplest form of business to operate in Singapore. There are no corporate taxes and each partner needs to only contribute personal taxes. An Unlimited Liability Partnership needs to be renewed annually and at least one partner and manager needs to be a local resident. An Unlimited Liability Partnership is not a separate legal entity from its partners. Hence, only low risk business activities should be performed and as there is unlimited liability, the partners involved are exposed to full damages from losses and debts incurred during the course of business.
Benefits of a Singapore Partnership   
- A local registered office address (local residential addresses may be permitted, certain conditions apply) 
- Easiest entity to register and setup
- Considered a tax resident company and eligible for tax exemptions and applicable grants
- Minimal annual compliance as compared to a Singapore Private Limited Company
- No corporate taxes, only personal taxes payable by the partners
Registration Requirements of a Singapore Partnership
- A minimum of 2 owners, can be a local company OR local or foreign individual
- 1 local resident manager if owners are foreign individuals
- A local registered office address (local residential addresses may be permitted, certain conditions apply)
- No paid-up capital requirement