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 typeJanFeb  Mar Apr MayJun July AugSep Oct Nov Dec 
 Companies*407,769409,712411,958413,281 416,135417,456422,088423,520423,242 425,253425,233426,234
Sole Proprietorships & Partnerships144,255144,502144,624144,412144,358144,341144,332144,252144,128 143,978143,748143,454
Limited Liability Partnerships17,10117,14617,153 17,10217,08617,03617,16016,95816,902 16,874 16,86916,878 
Limited Partnerships638643653658664671679685689702711715
Public Accounting Firms425427426425423421421420420417 415 411 
Variable Capital Companies8578698758859029079189369539749891,009 
Total Live count571,045573,299575,689576,763579,568580,832585,598586,771586,334588,198587,965588,701
* Local and foreign companies

Data as of 20 January 2025

The business entities statistics have been updated to reflect the latest entities’ status as of 20 January 2025. All statistics by sector will be based on the Singapore Standard Industrial Classification (SSIC) 2020.

Formation of business entities (2023)

 Entity typeJanFeb  Mar Apr MayJun July AugSep Oct Nov Dec 
Companies*3,4843,9954,9844,1554,8384,1164,7285,047 3,831 4,089 3,928 3,631 
Sole Proprietorships & Partnerships1,3561,5321,6021,3971,5841,425 1,6001,5991,449 1,516 1,310 1,432 
Limited Liability Partnerships104121112115 11013012413491 104 111 98 
Limited Partnerships131016 131811141213 19 13 13 
Public Accounting Firms 02003011 22 0 1 
Variable Capital Companies79 1291117 5 122017 21 18 21 
 Total Formation5,0365,6726,7235,6916,5705,6876,479 6,8135,403 5,751 5,380 5,196 

* Local and foreign companies

 

Formation of business entities by sector (2023)

 Sector typeJanFeb  Mar Apr MayJun July AugSep Oct Nov Dec 
Manufacturing183204252210247199261262 238 223 200 204 
Construction248319336260317289 306287262 293 263 251 
Wholesale Trade708831 1,051884 1,034897 1,0971,166 855886946 857 
Retail Trade461460585458 534472581591465 491 439 459 
Transportation & Storage201230244229259206 197234207 228 214 243 
 Accommodation113 1091111 1472 7 6 7 
Food & Beverage Services221303342 317370 303 317353281320 278 211 
Information & Communications690761896750 887822 861914753 698 632 739 
Finance & Insurance 546604771569751600 650663529 647 626 543
 Real Estate50 869078596772687873 83 80 
Professional Services9009971,130 993 1,109994 1,095 1,266886 946 891841
Administrative & Support Services211229247245265 234 266254218 210 192 236 
Education, Health & Social Services280276338 337 322271352321283 296 273223 
Arts, Entertainment, Recreation & Other Services293 345393 322377297 380402317395 315 282 
Others3324 38302825 302529 38 2220 
Total 5,036 5,672 6,723 5,6916,5705,687 6,4796,8135,4035,751 5,380 5,196 


Cessation of business entities (2023)

* Local and foreign companies
 Entity typeJanFeb  Mar Apr MayJun July AugSep Oct Nov Dec 
 Companies*2,1622,0522,7382,8321,9842,795963,6154,1092,078 3,948 2,630 
Sole Proprietorships & Partnerships1,6601,2851,4801,6091,6381,4421,6091,6791,5731,666 1,540 1,726
Limited Liability Partnerships8876105166126180 0336 147 132 116 89 
Limited Partnerships7568124 6 69 64 9
Public Accounting Firms301152 1 22 5 2 5 
Variable Capital Companies103100120 0 3 1
Total Cessation3,9213,4184,3334,6173,7654,4231,7135,6405,8403,8875,6134,460

Due to a system issue in May 2023, there was a delay in the striking off process of companies and Limited Liability Partnerships. The issue was rectified in June 2023 and ACRA has since resumed the standard processing time for striking off applications. This has consequential effect on the published cessation statistics from July to November 2023.

Cessation of business entities by sector (2023)

 Sector typeJanFeb  Mar Apr MayJun July AugSep Oct Nov Dec 
Manufacturing16415620717916517887273241145258215 
Construction19019717620015922280260266 168284187
Wholesale Trade7476427928695847972251,0301,0046121,065732 
Retail Trade451340466503455484314 590615 458583510 
Transportation & Storage238187 278241220263119 294 269233297241
 Accommodation87714371 1014 415 9 
Food & Beverage Services19219521822821925191307312202306235
Information & Communications395361475527479527160 667783463683524
Finance & Insurance269261333326239286 48436 487347 438380
Real Estate5038 5358495020 708541 82 45
Professional Services576487647743559705 228 857 946607821651
Administrative & Support Services18715620819917017472235249131 241190 
Education, Health and Social Services192 170213224196221101256 249206237251
Arts, Entertainment, Recreation & Other Services244199234269 235234156315274248275 254
Others18222637332411 4046 22 28 36 
Total3,9213,4184,3334,6173,7654,423 1,7135,6405,840 3,887 5,6134,460

Data as of 20 January 2025

2022 Statistical Highlights

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