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              
Sole Proprietorships & Partnerships 143,984 144,183 144,234   143,909  143,773        
   
Limited Liability Partnerships 17,114 17,159 17,167  17,116   17,100              
Limited Partnerships  639 644  653  657 664  
   
   
Public Accounting Firms 425 427 426 425  423    

     
Variable Capital Companies 860 872  879  889  905              
Total Live count 570,992 573,201  575,527  576,495  579,221      
 
 
* Local and foreign companies

Data as of 1 June 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              
Sole Proprietorships & Partnerships 1,356  1,532  1,602  1,397  1,584              
Limited Liability Partnerships 104  121  112 115   110              
Limited Partnerships 13 10 16   13  18              
Public Accounting Firms  0  2  0  0  3              
Variable Capital Companies 79  12  8  11 17               
 Total Formation 5,036 5,672  6,722 5,692  6,570              
* 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              
Construction 248 319  336  260  317              
Wholesale Trade 708 831   1,051 884   1,034              
Retail Trade 461 460 585 458   534              
Transportation & Storage 201  230  244  229  259              
 Accommodation 11 3  10  9  11              
Food & Beverage Services 221 303 342   317 370               
Information & Communications 690 761  896 751   887              
Finance & Insurance  546  604  770  569  751            
 Real Estate 50   86  90  78  59              
Professional Services  900 997 1,130  993   1,109              
Administrative & Support Services 211 229  247  245 265               
Education, Health & Social Services  280 276 338  337   322              
Arts, Entertainment, Recreation & Other Services 293   345 393   322  377              
Others  33 24   38  30  28              
Total  5,036  5,672  6,722   5,692  6,570              

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              
Sole Proprietorships & Partnerships 1,599 1,333  1,551  1,722  1,720              
Limited Liability Partnerships 88  76 104   166  126              
Limited Partnerships 6  5 7   9 11               
Public Accounting Firms 3  0  1  1  5              
Variable Capital Companies 0  0  1  1  1              
Total Cessation 3,847 3,463   4,396  4,724  3,844              

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              
Construction 179  202  183  212  165            
Wholesale Trade 742  644  804  887  592              
Retail Trade 442  351 474   516  465              
Transportation & Storage 234 192   286  249  228              
 Accommodation 10  7  7  14  3              
Food & Beverage Services 186  195  222  228  222              
Information & Communications  392  363  479  535  484              
Finance & Insurance 264  263  330  327  241              
Real Estate  50  40  54  59  50              
Professional Sevices 569  491  655  759 568               
Administrative & Support Services  189  160  214  211  176              
Education, Health and Social Services 186   172  218  231  200              
Arts, Entertainment, Recreation & Other Services  228 204   240 280   246              
Others 15  21  27 36  34              
Total  3,847  3,463  4,396  4,724 3,844               

 

Data as of 1 June 2023

2022 Statistical Highlights

2021 Statistical Highlights

2020 Statistical Highlights

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