Sole Proprietorship: Set Up

Who is eligible to set up a sole proprietorship in Singapore?

To set up a sole proprietorship or partnership, you must be:

  • At least 18 years old
  • A Singapore Citizen, Singapore Permanent Resident, or an eligible FIN holder

If you are currently self-employed, you must top up your Medisave account with the CPF Board before you register a business, become a new owner of an existing business, or renew your business registration.