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Feature Articles

Singapore’s Corporate Sector: Recent Trends in Firm Formation and Cessation

21 November 2019

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

In 2017, MTI published an article on the formation and cessation trends of business entities in Singapore over the period of 2010 to 2016. This article examines more recent data from the Accounting and Corporate Regulatory Authority (ACRA) in view of the slowdown in the Singapore economy, with a focus on the formation and cessation of companies and businesses, which make up the vast majority of business entities in Singapore.

The stock of business entities in Singapore grew between 2014 and 2018 on the back of strong net formation of business entities

The total number of business entities in Singapore increased between 2014 and 2018 on the back of strong net formation (i.e., formation minus cessation) of business entities. Over this period, the net formation of business entities averaged 16,520 per year. As a result, the stock of business entities rose from 455,280 in 2014 to 503,130 in 2018.

Download for the full article [PDF, 276 KB].

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