As the national business registry of Singapore, ACRA maintains the register of business entities. The following statistics on business entities registered with ACRA is updated on a monthly basis.

2023 Statistical Highlights - Monthly business entity count

 Entity type Jan Feb   Mar  Apr  May Jun  July  Aug Sep  Oct  Nov  Dec 
 Companies* 407,970   409,916                    
Sole Proprietorships & Partnerships 143,984 144,183              
   
Limited Liability Partnerships 17,114 17,159                    
Limited Partnerships  639 644    
 
   
   
Public Accounting Firms 425 427

     

     
Variable Capital Companies 860 872                    
Total Live count 570,992 573,201            
 
 
* Local and foreign companies

Data as of 1 Mar 2023

Formation of business entities (2023)

 Entity type Jan Feb   Mar  Apr  May Jun  July  Aug Sep  Oct  Nov  Dec 
Companies*  3,484  3,995                    
Sole Proprietorships & Partnerships 1,356  1,532                    
Limited Liability Partnerships 104  121                    
Limited Partnerships 13 10                    
Public Accounting Firms  0  2                    
Variable Capital Companies 79  12                    
 Total Formation 5,036 5,672                    
* Local and foreign companies

Formation of business entities by sector (2023)

 Sector type Jan Feb   Mar  Apr  May Jun  July  Aug Sep  Oct  Nov  Dec 
Manufacturing 183  204                    
Construction 248 319                    
Wholesale Trade 708 831                     
Retail Trade 461 460                    
Transportation & Storage 201  230                    
 Accommodation 11 3                    
Food & Beverage Services 221 303                    
Information & Communications 690 761                    
Finance & Insurance  546  604                  
 Real Estate 50   86                    
Professional Services  900 997                    
Administrative & Support Services 211 229                    
Education, Health & Social Services  280 276                    
Arts, Entertainment, Recreation & Other Services 293   345                    
Others  33 24                     
Total  5,036  5,672                     

Cessation of business entities (2023)

* Local and foreign companies
 Entity type Jan Feb   Mar  Apr  May Jun  July  Aug Sep  Oct  Nov  Dec 
 Companies* 2,151  2,049                    
Sole Proprietorships & Partnerships 1,599 1,333                    
Limited Liability Partnerships 88  76                    
Limited Partnerships 6  5                    
Public Accounting Firms 3  0                    
Variable Capital Companies 0  0                    
Total Cessation 3,847 3,463                     

Cessation of business entities by sector (2023)

 Sector type Jan Feb   Mar  Apr  May Jun  July  Aug Sep  Oct  Nov  Dec 
Manufacturing 161  158                    
Construction 179  202                  
Wholesale Trade 742  644                    
Retail Trade 442  351                    
Transportation & Storage 234 192                     
 Accommodation 10  7                    
Food & Beverage Services 186  195                    
Information & Communications  392  363                    
Finance & Insurance 264  263                    
Real Estate  50  40                    
Professional Sevices 569  491                    
Administrative & Support Services  189  160                    
Education, Health and Social Services 186   172                    
Arts, Entertainment, Recreation & Other Services  228 204                     
Others 15  21                    
Total  3,847  3,463                    
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