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.

2022 Statistical Highlights - Monthly business entity count

 Entity type Jan Feb   Mar  Apr  May Jun  July  Aug Sep  Oct  Nov  Dec 
 Companies* 390,703 391,539 393,279  394,845 396,159 397,895 399,246 401,066  402,438  403,486  404,963  406,641
Sole Proprietorships & Partnerships 146,876 146,934 146,823 146,538 146,210  145,970 145,779 145,661 145,522  145,265  144,982  144,545 
Limited Liability Partnerships 17,436 17,469 17,479 17,223 17,200 17,154 17,116  17,094 17,109 17,081 17,099 17,098
Limited Partnerships 552 558 568 579 581  587  596  604  612 620  624 632
Public Accounting Firms 437 438 435  434  435 434 434 434  433  433 432 428
Variable Capital Companies 496 514 525 557 570 592 624 643 668 690 731 779
Total Live count 556,500 557,452  559,109  560,176  561,155  562,632  563,795  565,502 566,782 567,575 568,831 570,123
* Local and foreign companies

Data as of 1 January 2024

The business entities statistics have been updated to reflect the latest entities’ status as of 01 January 2024. All statistics by sector will be based on the Singapore Standard Industrial Classification (SSIC) 2020.

Formation of business entities (2022)

 Entity type Jan Feb   Mar  Apr  May Jun  July  Aug Sep  Oct  Nov  Dec 
 Companies* 3,684 3,294 4,081  4,044  3,717  3,864  3,894  4,149  4,054  3,736  4,188  3,714 
Sole Proprietorships & Partnerships 1,252 1,272 1,438 1,255 1,301 1,360 1,400 1,553 1,453  1,268  1,310 1,269 
Limited Liability Partnerships 114 124 104 110  107  109 97 122 123  73 105 89
Limited Partnerships 14 9 16  14  8  13 14 15 13 14 15  15
Public Accounting Firms 1 1 0  0 1  0 0 1 0 0 0 0 
Variable Capital Companies 24  18 12 32 15  23 32 19  26 22 43 48
 Total Formation 5,089 4,718 5,651 5,455 5,149  5,369 5,437 5,859  5,669  5,113 5,661 5,135 
* Local and foreign companies

Formation of business entities by sector (2022)

 Sector type Jan Feb   Mar  Apr  May Jun  July  Aug Sep  Oct  Nov  Dec 
Manufacturing 188 207 226 203 198 196  190 216 192 192 232 197
Construction 251 281 315  268 259 306 236 291 290 251  266 247
Wholesale Trade 691 578 717 723 751 753 808  912 855 829 901  804
Retail Trade 462 391  504 376  379 384 472 523 455 405 410  422
Transportation & Storage 196 205  238 220 207 229 218  243  226 218 216 172
 Accommodation 3 4 5   2  5 7 9  19  8 3 6 3
Food & Beverage Services 272 234  310 301  260 303 302 295 322 289 233 214 
Information & Communications 760 729 858  729 734  763 723 856 743   691 777  693 
Finance & Insurance  704 623 720 818 610  698  736 703 723 593 703  678
 Real Estate 49  44 78 74 66  50 51 59 80 75 60 56
Professional Services 839 764 891 887 884  857 900  897 909 780  983 879
Administrative & Support Services 174  159 177 192 190 186 200  209  228 199 212 196
Education, Health & Social Services 223 209 236 215  239 222 229 227  282  238  296  257
Arts, Entertainment, Recreation & Other Services 255  268 344  424 342 383 336 379  330  322 330 293
Others 22 22 32 23  25 32 27 30  26 28 36 24
Total  5,089  4,718 5,651  5,455  5,149  5,369  5,437  5,859 5,669 5,113 5,661 5,135

Cessation of business entities (2022)

* Local and foreign companies
 Entity type Jan Feb   Mar  Apr  May Jun  July  Aug Sep  Oct  Nov  Dec 
 Companies* 2,455 2,458  2,341 2,478 2,403  2,128 2,543 2,329 2,682 2,688 2,711 2,036
Sole Proprietorships & Partnerships 1,289 1,214 1,549  1,540  1,629 1,600 1,591  1,671 1,592 1,525 1,593 1,706
Limited Liability Partnerships 103 91 94 366 130 155 135 144 108 101 87 90 
Limited Partnerships 5 3 6 3 6 7 5 7 5 6 11 7
Public Accounting Firms 0 0 3 1 0 1 0 1 1 0  1 4 
Variable Capital Companies 0 0 1 0  2 1 0 0 1  0 2 0
Total Cessation 3,852 3,766 3,994 4,388 4,170 3,892 4,274  4,152 4,389 4,320 4,405 3,843

Cessation of business entities by sector (2022)

 Sector type Jan Feb   Mar  Apr  May Jun  July  Aug Sep  Oct  Nov  Dec 
Manufacturing 145 151 164 220 167  197 187 180 173 175 162 196
Construction 174 183 187 189 244 161  198 203 225 190 203 153
Wholesale Trade 691 678 752 752 764 706 815 744 808 734 807 659
Retail Trade 410 411 473 538 472 487 446 511 496 536 515 495
Transportation & Storage 220 216 253 276 272 276 280 249 265 267 249  208
 Accommodation 8 7 4 4 8 4  13 4 11 2 10 5
Food & Beverage Services 212 212 214 243 230 178 209 240 244 284 274 205
Information & Communications 594 373 381 416 411  418 418  473  449 431 457 399
Finance & Insurance 248 278 267 306 282  227 301 239 295 358 296 288
Real Estate 38 40 48 48 49  48 45 51 45 51  42 48
Professional Sevices 537 582 636 668 654 552 666  605 661 625 663 604
Administrative & Support Services 164 197 166 219 198 152 196 189 220 185 219 172
Education, Health and Social Services 172 207 200 226 190  209 210 212 192  220 214 188
Arts, Entertainment, Recreation & Other Services 214 207 223 259 202 253 271 234 273 228 261 205
Others 25  24  26 24  27 24 19 18 32 34 33 18
Total 3,852 3,766 3,994 4,388 4,170 3,892 4,274 4,152 4,389 4,320 4,405 3,843

 

Data as of 1 January 2024

2021 Statistical Highlights

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