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.

2024 Statistical Highlights - Monthly business entity count

 Entity type Jan Feb   Mar  Apr  May Jun  July  Aug Sep  Oct  Nov  Dec 
Companies* 428,320 428,764 429,926  431,271 432,043 433,461             
Sole Proprietorships & Partnerships 143,430 143,372  143,300  143,071  142,837 142,690             
Limited Liability Partnerships 16,922  16,908  16,911  16,933  16,904 16,829             
Limited Partnerships 729 740  747  754  766 773             
Public Accounting Firms 410 411  413  413  411 410             
Variable Capital Companies 1,023 1,038 1,049  1,060  1,070 1,089             
Total Live count 590,834 591,233 592,346 593,502  594,031 595,252             
* Local and foreign companies

Data as of 1 July 2024

Formation of business entities (2024)

 Entity type Jan Feb   Mar  Apr  May Jun  July  Aug Sep  Oct  Nov  Dec 
Companies* 4,550  3,538  4,456  4,659   4,724 4,159             
Sole Proprietorships & Partnerships 1,742
 1,405  1,649 1,445   1,485 1,450             
Limited Liability Partnerships 136  102  115  141   141 94       
   
Limited Partnerships 15  15  16  12   20 14             
Public Accounting Firms  1  1  2 1  2  0             
Variable Capital Companies 14 15  12  11   10 20             
 Total Formation 6,458  5,076  6,250  6,269   6,382 5,737             
* Local and foreign companies

Formation of business entities by sector (2024)

 Sector type Jan Feb   Mar  Apr  May Jun  July  Aug Sep  Oct  Nov  Dec 
Manufacturing 235  171  204  228   237 188  
       
Construction 377  243  331  295   297 294     
     
Wholesale Trade 1,002 732  1,046 1,047   1,079 959            
Retail Trade 568 462  561 524   533 466             
Transportation & Storage 237 207  220  227  235  239             
Accommodation 13 9 8 8   7  7            
Food & Beverage Services 323  237  335  335   338 306             
Information & Communications 831 663  855  866   930 818            
Finance & Insurance  571 473  559 587   650 541             
 Real Estate 89  73  77 87   90 57             
Professional Services 1,107  943  1,054 1,069   1,039 978             
Administrative & Support Services 322 256  250 266  259  243             
Education, Health & Social Services 344 260  363  309   304 289             
Arts, Entertainment, Recreation & Other Services 412 318  350  392   361 327             
Others 27  29  37  29   23 25             
Total  6,458  5,076  6,250  6,269   6,382 5,737             

Cessation of business entities (2024)

* Local and foreign companies
 Entity type Jan Feb   Mar  Apr  May Jun  July  Aug Sep  Oct  Nov  Dec 
Companies* 2,662  3,094  3,294 3,314   3,952 2,741     
     
Sole Proprietorships & Partnerships 1,615  1,463  1,721  1,674   1,719 1,597     
     
Limited Liability Partnerships 105  116  112  119   170 169             
Limited Partnerships 4  4  9  5   8 7             
Public Accounting Firms 2  0  0  1   4 1             
Variable Capital Companies 0 0  1 0  0  1             
Total Cessation 4,388  4,677  5,137  5,113   5,853 4,516             

Since September 2023, ACRA has significantly increased the number of ACRA-initiated striking-off actions. This has consequentially increased the number of companies struck off in February 2024. This trend is expected to persist for subsequent months.

Cessation of business entities by sector (2024)

 Sector type Jan Feb   Mar  Apr  May Jun  July  Aug Sep  Oct  Nov  Dec 
Manufacturing 170 199  210  190   251 187             
Construction 197 226  277  252   320 270             
Wholesale Trade 751  848  937  867   959 689             
Retail Trade 477 475  532  615   609 496     
     
Transportation & Storage 240  258  248  250   297 250             
 Accommodation 6  8  13  3   3 1     
     
Food & Beverage Services 223  250  234  253   389 269             
Information & Communications 582  585  615  592   741 559             
Finance & Insurance 364 417  462  422   470 307             
Real Estate 49  67  70  65   79 58             
Professional Services 657  687  783  820   822 703            
Administrative & Support Services 169  187  210  218   287 197     
     
Education, Health and Social Services 244 198  249  252   283 218     
     
Arts, Entertainment, Recreation & Other Services 240  243  267  285   315 287             
Others 19 29  30  29   28 25     
     
Total 4,388  4,677  5,137  5,113   5,853 4,516     
     

Data as of 1 July 2024

2023 Statistical Highlights

2022 Statistical Highlights

2021 Statistical Highlights

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