Key points
Its main purpose must be public accountancy services and its name must carry the required LLP ending. With two partners, at least one must be a PA; with more than two, at least two-thirds must be PAs. A Singapore-resident PA partner must control and manage the public accountancy services.
Planning your next steps
Minimum paid-up capital is S$50,000. Insurance must meet the highest applicable amount: S$1 million, S$500,000 per corporate practitioner, or 2.5 times prior-year gross income subject to the stated S$50 million cap. Insurer quotations can support setup, but the required coverage must then be maintained. Check partner composition and insurance together before filing.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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