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  434,830  436,711  438,021 439,456     
Sole Proprietorships & Partnerships 143,430 143,372  143,300  143,071  142,837 142,690  142,668  142,534  142,210 142,028     
Limited Liability Partnerships 16,922  16,908  16,911  16,933  16,904 16,829  16,792  16,716  16,707 16,684     
Limited Partnerships 729 740  747  754  766 773  783  795  801 810     
Public Accounting Firms 410 411  413  413  411 410  410  409  409 409     
Variable Capital Companies 1,023 1,038 1,049  1,056  1,066 1,084  1,096  1,107  1,108 1,117     
Total Live count 590,834 591,233 592,346 593,498  594,027 595,247  596,579 598,272  599,256 600,504     
* Local and foreign companies

Data as of 1 November 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  4,989  4,654  4,261 4,641     
Sole Proprietorships & Partnerships 1,742
 1,405  1,649 1,445   1,485 1,450  1,644  1,501  1,507 1,485    
Limited Liability Partnerships 136  102  115  141   141 94  118  112  105 112    
Limited Partnerships 15  15  16  12   20 14  14  25  13 17     
Public Accounting Firms  1  1  2 1  2  0  1  0  0 3     
Variable Capital Companies 14 15  12  11   10 20  18  12  10 13     
 Total Formation 6,458  5,076  6,250  6,269   6,382 5,737  6,784  6,304 5,896 6,271     
* 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   237 188 241  227 215 222     
Construction 377  243  331  295   297 294  332  298  266 255    
Wholesale Trade 1,002 732  1,046 1,047   1,079 959 1,220  1,144  967  1,045     
Retail Trade 568 462  561 524   533 466  580  547  556 568     
Transportation & Storage 237 207  220  227  235  239  270  223  211  239     
Accommodation 13 9 8 8   7  7 13  7  13 5     
Food & Beverage Services 323  237  335  335   338 306  360  364  339 364     
Information & Communications 831 663  855  866   930 818 891  841  758 857     
Finance & Insurance  571 473  559 587   650 541  688  633  580 603     
 Real Estate 89  73  77 87   90 57  90  74  79 75     
Professional Services 1,107  943  1,054 1,069   1,039 978  1,087 1,008  1,018  1,052     
Administrative & Support Services 322 256  250 266  259  243  265  223  232 237     
Education, Health & Social Services 344 260  363  309   304 289  308  305  259 327     
Arts, Entertainment, Recreation & Other Services 412 318  350  392   361 327  407  377  365 398     
Others 27  29  37  29   23 25  32  33  38 24     
Total  6,458  5,076  6,250  6,269   6,382 5,737  6,784  6,304  5,896 6,271     

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  3,620  2,773  2,951 3,206     
Sole Proprietorships & Partnerships 1,615  1,463  1,721  1,674   1,719 1,597  1,666  1,635  1,831 1,667     
Limited Liability Partnerships 105  116  112  119   170 169  155  188  114 135     
Limited Partnerships 4  4  9  5   8 7  4  13  7 8     
Public Accounting Firms 2  0  0  1   4 1  1  1  0 3     
Variable Capital Companies 0 0  1 4  0  2 6  1  9 4     
Total Cessation 4,388  4,677  5,137  5,117  5,853 4,517  5,452  4,611  4,912 5,023     

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  210  196  206 208     
Construction 197 226  277  252  320 270  287  248  257 276     
Wholesale Trade 751  848  937  867  959 689  895  729  829  790     
Retail Trade 477 475  532  615  609 496  625  530  655 560     
Transportation & Storage 240  258  248  250  297 250  249  225  225 227     
 Accommodation 6  8  13  3  3 1  11   7 6 5     
Food & Beverage Services 223  250  234  253  389 269  293  282  272 282     
Information & Communications 582  585  615  592  741 559  688 570  603 579     
Finance & Insurance 364 417  462  426  470 308  450  345  377  450    
Real Estate 49  67  70  65  79 58  55  60  49 43     
Professional Services 657  687  783  820  822 703 826  736  667  764     
Administrative & Support Services 169  187  210  218  287 197  266  190  213 194     
Education, Health and Social Services 244 198  249  252  283 218  264  222  221 258     
Arts, Entertainment, Recreation & Other Services 240  243  267  285  315 287  301  238  300 368     
Others 19 29  30  29  28 25  32  33  32 19     
Total 4,388  4,677  5,137  5,117  5,853 4,517 5,452  4,611  4,912 5,023     

Data as of 1 November 2024

2023 Statistical Highlights

2022 Statistical Highlights

2021 Statistical Highlights

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