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  412,168 413,499   416,356  417,684 422,320 423,752        
Sole Proprietorships & Partnerships 143,984 144,183 144,234   143,909  143,773  143,686 143,573  143,370  
   
Limited Liability Partnerships 17,114 17,159 17,167  17,116   17,100  17,050 17,174  16,972        
Limited Partnerships  639 644  653  657 664  673 680  686  
   
Public Accounting Firms 425 427 426 425  423  421 421 420
     
Variable Capital Companies 860 872  879  889  905  910 920  937        
Total Live count 570,992 573,201  575,527  576,495  579,221  580,424 585,088  586,137
 
 
* Local and foreign companies

Data as of 1 September 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  4,984  4,156  4,838 4,117  4,729 5,048         
Sole Proprietorships & Partnerships 1,356  1,532  1,602  1,397  1,584 1,425   1,600  1,599        
Limited Liability Partnerships 104  121  112 115   110 130  124  134        
Limited Partnerships 13 10 16   13  18 11  14  12        
Public Accounting Firms  0  2  0  0  3 0  1 1         
Variable Capital Companies 79  12  8  11 17  5   12  20        
 Total Formation 5,036 5,672  6,722 5,692  6,570 5,688 6,480   6,814        
* 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  252  210  247 199  261 263         
Construction 248 319  336  260  317 289   306  287        
Wholesale Trade 708 831   1,051 884   1,034 897   1,097 1,166         
Retail Trade 461 460 585 458   534 472  581 591        
Transportation & Storage 201  230  244  229  259 206   197 234        
 Accommodation 11 3  10  9  11 11   14  7        
Food & Beverage Services 221 303 342   317 370  303   317  353        
Information & Communications 690 761  896 751   887 822   861  914        
Finance & Insurance  546  604  770  569  751 600   650  663      
 Real Estate 50   86  90  78  59 67  72  68        
Professional Services  900 997 1,130  993   1,109 995  1,095   1,266        
Administrative & Support Services 211 229  247  245 265  234   267  254        
Education, Health & Social Services  280 276 338  337   322 271  352  321        
Arts, Entertainment, Recreation & Other Services 293   345 393   322  377 297   380  402        
Others  33 24   38  30  28 25   30  25        
Total  5,036  5,672  6,722   5,692  6,570 5,688  6,480  6,814        

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  2,732  2,825  1,981 2,789  93   3,616        
Sole Proprietorships & Partnerships 1,599 1,333  1,551  1,722  1,720 1,512  1,713  1,802        
Limited Liability Partnerships 88  76 104   166  126 180  0  336         
Limited Partnerships 6  5 7   9 11  2  7   6        
Public Accounting Firms 3  0  1  1  5 2  1   2        
Variable Capital Companies 0  0  1  1  1  0 2   3        
Total Cessation 3,847 3,463   4,396  4,724  3,844 4,485 1,816   5,765        

Due to a system issue in May 2023, there was a delay in the striking off process of companies and Limited Liability Partnerships. The issue was rectified in June 2023 and ACRA has since resumed the standard processing time for striking off applications. This has consequential effect on the published cessation statistics from July to September 2023.

Cessation of business entities by sector (2023)

 Sector type Jan Feb   Mar  Apr  May Jun  July  Aug Sep  Oct  Nov  Dec 
Manufacturing 161  158  203  180  170 183  92  279         
Construction 179  202  183  212  165 231  96  273       
Wholesale Trade 742  644  804  887  592 800  239   1,042        
Retail Trade 442  351 474   516  465 493  331  609         
Transportation & Storage 234 192   286  249  228 273  130   305        
 Accommodation 10  7  7  14  3 8 2   10        
Food & Beverage Services 186  195  222  228  222 249 95   313        
Information & Communications  392  363  479  535  484 531  167   675        
Finance & Insurance 264  263  330  327  241 284  45   438        
Real Estate  50  40  54  59  50 48  20   72        
Professional Sevices 569  491  655  759 568  714  236   877        
Administrative & Support Services  189  160  214  211  176 177  78  245         
Education, Health and Social Services 186   172  218  231  200 226 107  257         
Arts, Entertainment, Recreation & Other Services  228 204   240 280   246 244 167   329        
Others 15  21  27 36  34 24 11  41         
Total  3,847  3,463  4,396  4,724 3,844  4,485  1,816   5,765        

 

Data as of 1 September 2023

2022 Statistical Highlights

2021 Statistical Highlights

2020 Statistical Highlights

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