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 typeJanFeb  Mar Apr MayJun July AugSep Oct Nov Dec 
Companies*428,113428,550429,705431,051431,819433,208434,576436,454437,759439,186  440,215443,329
Sole Proprietorships & Partnerships143,645143,658 143,644143,469 143,284143,121 143,161143,061 142,772 142,612 141,730142,425
Limited Liability Partnerships16,909 16,89516,89816,920 16,89116,816 16,77916,703 16,694 16,671 16,64216,709
Limited Partnerships726737 744750 764772782794800809825829
Public Accounting Firms410411 413 413 411410 410 409 409 409  410412
Variable Capital Companies1,0231,0381,048 1,0571,0671,0851,095 1,106 1,108 1,117 1,1361,145
Total Live count590,826591,289592,452593,660 594,236595,412596,803598,527599,542600,804  600,958604,849
* Local and foreign companies

Data as of 20 January 2025
 Entity typeJanFeb  Mar Apr MayJun July AugSep Oct Nov Dec 
Companies*4,550 3,538 4,456 4,659  4,7244,158 4,989 4,654 4,261 4,641  4,4063,150
Sole Proprietorships & Partnerships1,742
1,405 1,6491,445  1,4851,450 1,644 1,501 1,507 1,485 1,3441,071
Limited Liability Partnerships136 102 115 141  14194 118 112 105 112 10367
Limited Partnerships15 15 16 12  2014 14 25 13 17  257
Public Accounting Firms 1 1 2 1 2 0 1 0 0 3 22
Variable Capital Companies1415 12 11  1020 18 12 10 13  2214
 Total Formation6,458 5,076 6,250 6,269  6,3825,736 6,784 6,3045,896 6,271  5,9024,311

* Local and foreign companies

The decrease in the business formation and cessation counts in December 2024 was due to a temporary suspension of

(a) all eServices on Bizfile portal including those relating to business registration and cessation to facilitate IT system migration activities carried out in first week of December; and

(b) ACRA’s periodic exercise to remove from the public register business entities that failed to renew their registrations and companies that were dormant.

 

Formation of business entities by sector (2024)

 Sector typeJanFeb  Mar Apr MayJun July AugSep Oct Nov Dec 
Manufacturing235 171 204 228  237188241 227215 222  226136
Construction377 243 331 295  297294 332 298 266
255 248175
Wholesale Trade1,002732 1,0461,047  1,0799591,220 1,144 967  1,045  994694
Retail Trade568462 561524 533466 580 547 556 568  538419
Transportation & Storage237207 220 227 235 239 270 223 211  239  254167
Accommodation139 8 8  7713 7 13 5 112
Food & Beverage Services323 237 335 335 338306 360 364 339 364  276216
Information & Communications831663 855 866 930818891 841 758 857  790531
Finance & Insurance 571473 559587 650540 688 633 580 603  622482
 Real Estate89 73 7787 9057 90 74 79 75  7760
Professional Services1,107 943 1,0541,069 1,039978 1,0871,008 1,018  1,052  1,013759
Administrative & Support Services322256 250266 259 243 265 223 232 237 203177
Education, Health & Social Services344260 363 309 304289 308 305 259 327 296208
Arts, Entertainment, Recreation & Other Services412318 350 392 361327 407 377 365 398  328264
Others27 29 37 29 2325 32 33 38 24  2621
Total 6,458 5,076 6,250 6,269 6,3825,736 6,784 6,304 5,896 6,271  5,9024,311
* Local and foreign companies
 Entity typeJanFeb  Mar Apr MayJun July AugSep Oct Nov Dec 
Companies*2,671 3,101 3,3013,313  3,9562,769 3,621 2,776 2,956
3,214  3,37736
Sole Proprietorships & Partnerships1,551 1,392 1,663 1,620  1,6701,613 1,6041,601 1,796
1,645  2,226376
Limited Liability Partnerships105 116 112 119  170169 155 188 114 135  1320
Limited Partnerships4 4 9 6664 13 7 8 93
Public Accounting Firms2 0 0 1  41 1 1 0 3 10
Variable Capital Companies00 22 0 281 84 35
Total Cessation4,3334,6135,087 5,061 5,8064,5605,3934,5804,881 5,0095,748420

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.

 

The decrease in the business formation and cessation counts in December 2024 was due to a temporary suspension of

(a) all eServices on Bizfile portal including those relating to business registration and cessation to facilitate IT system migration activities carried out in first week of December; and

(b) ACRA’s periodic exercise to remove from the public register business entities that failed to renew their registrations and companies that were dormant.

Cessation of business entities by sector (2024)

 Sector typeJanFeb  Mar Apr MayJun July AugSep Oct Nov Dec 
Manufacturing166196 210 191250192206 193 20720927130
Construction194215268 240318273 286 244 254 277  29931
Wholesale Trade743 849 928867 953688893723824  78793851
Retail Trade464465522 606 598503605528 649
553 60351
Transportation & Storage231249241240 289252247223220226 36532
 Accommodation6 8 13 3 31 11  76
5 40
Food & Beverage Services219248 235259387263288284 271286 29215
Information & Communications582 578616588 741557686572602579  71936
Finance & Insurance367418 465426 471310 445 346 378449 39119
Real Estate48 67 70 65 796055 60 5043  693
Professional Services646 677 777809 817707818727 667  759 86958
Administrative & Support Services169 183 208213 282195 264188 211
191 25924
Education, Health and Social Services241194246247 280237 260221216
25924024
Arts, Entertainment, Recreation & Other Services238 237258 278 311296 29723029436738743
Others1929 30 29 272632 3432
19  423
Total4,333 4,6135,0875,061 5,8064,5605,393 4,580 4,881
5,009  5,748420
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