Companies in Singapore can be classified into limited or unlimited companies, as well as public or private companies. As of 2018, approximately 65% of all companies in Singapore operate as private limited companies. If you are selling your shares for the first time or are pressed for time, you may need professional assistance of an experienced Singapore company secretary services provider. A public company limited by shares is a locally incorporated company; it must have the word "Limited" as part of its name. The process for setting up a Singapore company is easy and free of red-tape. Depending on how a company's shares are issued, promising benefits such as capital investment can be acquired. Private companies can further be classified into private companies limited by shares and Exempt Private Companies (EPCs). Private limited companies in Singapore may appoint a minimum of 1 and up to 50 local or foreign shareholders. What is a Singapore Private Limited Company (Pte Ltd)? The shareholders of a company are considered its owners and they may wish to sell or transfer their shares for reasons such as retirement, gifting or raising funds. Such companies are often listed on a stock exchange and raise capital by issuing shares and debentures. The obvious benefit is that a company in Singapore is limited by shares and is a separate legal entity from its shareholders. As a result, shareholders of a Singapore company are not liable for its debts and losses beyond their amount of share capital. There is no limit on the maximum number of shareholders. A private company limited by shares, or an unlimited company with a share capital, may re-register as a public limited company (PLC). An LLC usually operates as a separate legal entity, quite similar to a corporation. Pte Ltd is limited by shares. A private company must pass a special resolution that it be so re-registered and deliver a copy of the resolution together with an application form 43(3)(e) to the Registrar. A Limited Liability Company (LLC) is more often not limited by shares. Exempted Private Companies also enjoy all other benefits enjoyed by private limited companies along with these unique privileges including protection of shareholder’s assets, distinct legal entity, infinitely incredible image of the business entity and transfer of shares etc. However, a private limited company is the most preferred one. © 2021 Crowe Horwath First Trust LLP Crowe Horwath First Trust LLP is a member of Crowe Global, a Swiss verein. It is recognised as a taxable entity in its own right. This article will discuss the setting up of an Exempt Private Company in Singapore. A private company limited by shares is often referred to as a “private limited company”. 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