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 |
|
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|
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