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Comparison Chart of Singapore LLP with Indian LLP

Comparison Chart of Singapore LLP with Indian LLP

S. NoConditionsSingapore LLPIndian LLP
1.Introduction of LawIn the Year 2005 with the nomenclature Limited Partnership Act, 2005In the Year 2008 with the nomenclature Limited Partnership Act, 2008
2.RegistrationRegistration with Registrar of Companies required.Registration with Registrar of Companies required.
3.RegistrationDocument LLP AgreementLLP Agreement
4.Distinct entityIs a separate legal entity under the Limited Liability Partnership Act, 2005Is a separate legal entity under the Limited Liability Partnership Act, 2008
5.Name of EntityName to contain ‘Limited Liability Partnership’ or ‘LLP’ as suffixName to contain ‘Limited Liability Partnership’ or ‘LLP’ as suffix
6.Change of NameThe Registrar has the power to direct a limited liability partnership to change its name in certain circumstancesThe Central Government has the power to direct a limited liability partnership to change its name in certain circumstances
7.Foreign PartnershipForeign Nationals can be a Partner in a LLP provided foreigners must appoint a professional service bureau to carry out the registration in their behalf .Foreign Nationals can be a Partner in a LLP.
8.No of MembersMinimum 2 partnersMinimum 2 partners
9.ContributionObligation of partners as per the LLP Agreement.Obligation of partners as per the LLP Agreement.
10.Cost of FormationThe cost of Formation is statutory filling fees, comparatively lesser than the cost of formation of Company.The cost of Formation is statutory filling fees, comparatively lesser than the cost of formation of Company.

Comparison Chart of Singapore LLP with Indian LLP

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