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 |
423,478 |
425,490 |
|
|
Sole Proprietorships & Partnerships |
143,984 |
144,183 |
144,234 |
143,909 |
143,773 |
143,686 |
143,573 |
143,370 |
143,135 |
142,893 |
|
|
Limited Liability Partnerships |
17,114 |
17,159 |
17,167 |
17,116 |
17,100 |
17,050 |
17,174 |
16,972 |
16,916 |
16,888 |
|
|
Limited Partnerships |
639 |
644 |
653 |
657 |
664 |
673 |
680 |
686 |
690 |
704 |
|
|
Public Accounting Firms |
425 |
427 |
426 |
425 |
423 |
421 |
421 |
420 |
420 |
417 |
|
|
Variable Capital Companies |
860 |
872 |
879 |
889 |
905 |
910 |
920 |
937 |
954 |
975 |
|
|
Total Live count |
570,992 |
573,201 |
575,527 |
576,495 |
579,221 |
580,424 |
585,088 |
586,137 |
585,593 |
587,367 |
|
|
* Local and foreign companies
Data as of 1 November 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 |
3,831 |
4,090 |
|
|
Sole Proprietorships & Partnerships |
1,356 |
1,532 |
1,602 |
1,397 |
1,584 |
1,425 |
1,600 |
1,599 |
1,449 |
1,516 |
|
|
Limited Liability Partnerships |
104 |
121 |
112 |
115 |
110 |
130 |
124 |
134 |
91 |
104 |
|
|
Limited Partnerships |
13 |
10 |
16 |
13 |
18 |
11 |
14 |
12 |
13 |
19 |
|
|
Public Accounting Firms |
0 |
2 |
0 |
0 |
3 |
0 |
1 |
1 |
2 |
2 |
|
|
Variable Capital Companies |
79 |
12 |
8 |
11 |
17 |
5 |
12 |
20 |
17 |
21 |
|
|
Total Formation |
5,036 |
5,672 |
6,722 |
5,692 |
6,570 |
5,688 |
6,480 |
6,814 |
5,403 |
5,752 |
|
|
* 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 |
238 |
223 |
|
|
Construction |
248 |
319 |
336 |
260 |
317 |
289 |
306 |
287 |
262 |
293 |
|
|
Wholesale Trade |
708 |
831 |
1,051 |
884 |
1,034 |
897 |
1,097 |
1,166 |
855 |
886 |
|
|
Retail Trade |
461 |
460 |
585 |
458 |
534 |
472 |
581 |
591 |
465 |
491 |
|
|
Transportation & Storage |
201 |
230 |
244 |
229 |
259 |
206 |
197 |
234 |
207 |
228 |
|
|
Accommodation |
11 |
3
|
10 |
9 |
11 |
11 |
14 |
7 |
2 |
7 |
|
|
Food & Beverage Services |
221 |
303 |
342 |
317 |
370 |
303 |
317 |
353 |
281 |
320 |
|
|
Information & Communications |
690 |
761 |
896 |
751 |
887 |
822 |
861 |
914 |
753 |
698 |
|
|
Finance & Insurance |
546 |
604 |
770 |
569 |
751 |
600 |
650 |
663 |
529 |
647 |
|
|
Real Estate |
50 |
86 |
90 |
78 |
59 |
67 |
72 |
68 |
78 |
73 |
|
|
Professional Services |
900 |
997 |
1,130 |
993 |
1,109 |
995 |
1,095 |
1,266 |
886 |
947 |
|
|
Administrative & Support Services |
211 |
229 |
247 |
245 |
265 |
234 |
267 |
254 |
218 |
210 |
|
|
Education, Health & Social Services |
280 |
276 |
338 |
337 |
322 |
271 |
352 |
321 |
283 |
296 |
|
|
Arts, Entertainment, Recreation & Other Services |
293 |
345 |
393 |
322 |
377 |
297 |
380 |
402 |
317 |
395 |
|
|
Others |
33 |
24 |
38 |
30 |
28 |
25 |
30 |
25 |
29 |
38 |
|
|
Total |
5,036 |
5,672 |
6,722 |
5,692 |
6,570 |
5,688 |
6,480 |
6,814 |
5,403 |
5,752 |
|
|
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 |
4,105 |
2,078 |
|
|
Sole Proprietorships & Partnerships |
1,599 |
1,333 |
1,551 |
1,722 |
1,720 |
1,512 |
1,713 |
1,802 |
1,684 |
1,758 |
|
|
Limited Liability Partnerships |
88 |
76 |
104 |
166 |
126 |
180 |
0 |
336 |
147 |
132 |
|
|
Limited Partnerships |
6 |
5 |
7 |
9 |
11 |
2 |
7 |
6 |
9 |
5 |
|
|
Public Accounting Firms |
3 |
0 |
1 |
1 |
5 |
2 |
1 |
2 |
2 |
5 |
|
|
Variable Capital Companies |
0 |
0 |
1 |
1 |
1 |
0 |
2 |
3 |
0 |
0 |
|
|
Total Cessation |
3,847 |
3,463 |
4,396 |
4,724 |
3,844 |
4,485 |
1,816 |
5,765 |
5,947 |
3,978 |
|
|
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 |
246 |
147 |
|
|
Construction |
179 |
202 |
183 |
212 |
165 |
231 |
96 |
273 |
276 |
174 |
|
|
Wholesale Trade |
742 |
644 |
804 |
887 |
592 |
800 |
239 |
1,042 |
1,016 |
625 |
|
|
Retail Trade |
442 |
351 |
474 |
516 |
465 |
493 |
331 |
609 |
636 |
475 |
|
|
Transportation & Storage |
234 |
192 |
286 |
249 |
228 |
273 |
130 |
305 |
274 |
248 |
|
|
Accommodation |
10 |
7 |
7 |
14 |
3 |
8 |
2 |
10 |
14 |
3 |
|
|
Food & Beverage Services |
186 |
195 |
222 |
228 |
222 |
249 |
95 |
313 |
323 |
205 |
|
|
Information & Communications |
392 |
363 |
479 |
535 |
484 |
531 |
167 |
675 |
789 |
468 |
|
|
Finance & Insurance |
264 |
263 |
330 |
327 |
241 |
284 |
45 |
438 |
486 |
346 |
|
|
Real Estate |
50 |
40 |
54 |
59 |
50 |
48 |
20 |
72 |
86 |
41 |
|
|
Professional Sevices |
569 |
491 |
655 |
759 |
568 |
714 |
236 |
877 |
961 |
617 |
|
|
Administrative & Support Services |
189 |
160 |
214 |
211 |
176 |
177 |
78 |
245 |
256 |
140 |
|
|
Education, Health and Social Services |
186 |
172 |
218 |
231 |
200 |
226 |
107 |
257 |
250 |
211 |
|
|
Arts, Entertainment, Recreation & Other Services |
228 |
204 |
240 |
280 |
246 |
244 |
167 |
329 |
288 |
256 |
|
|
Others |
15 |
21 |
27 |
36 |
34 |
24 |
11 |
41 |
46 |
22 |
|
|
Total |
3,847 |
3,463 |
4,396 |
4,724 |
3,844 |
4,485 |
1,816 |
5,765 |
5,947 |
3,978 |
|
|
Data as of 1 November 2023