Formation and Cessation of Business Entities

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Coverage and Sources of Data

Data on business entities are primarily sourced from the registration records of the Accounting and Corporate Regulatory Authority (ACRA).

Data

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Formation of Business Entities

Title : Formation Of All Business Entities By Industry, Annual

Number

Data Items	2016	2017	2018	2019	2020	2021	2022	2023
Total	64,931	62,113	61,804	61,573	63,480	65,438	64,305	70,402
Manufacturing	2,078	2,011	1,919	2,102	2,471	2,663	2,437	2,683
Construction	3,032	2,850	2,716	2,716	2,402	3,019	3,261	3,431
Wholesale Trade	9,388	9,786	10,166	10,420	11,001	8,337	9,322	11,212
Retail Trade	5,827	5,418	5,216	5,798	8,943	8,271	5,183	5,996
Transportation & Storage	11,472	7,739	3,014	2,970	2,924	2,868	2,588	2,692
Accommodation	83	95	103	101	63	64	74	98
Food & Beverage Services	2,968	3,298	3,341	2,985	3,285	3,934	3,335	3,616
Information & Communications	5,251	5,480	8,195	6,834	6,660	7,869	9,056	9,403
Finance & Insurance	4,526	5,015	5,866	6,467	6,002	8,349	8,309	7,498
Real Estate	598	747	692	691	631	700	742	884
Professional Services	9,354	9,730	10,733	10,584	9,984	9,980	10,470	12,050
Administrative & Support Services	3,104	2,773	2,733	2,735	2,226	1,991	2,322	2,807
Education, Health & Social Services	3,324	3,504	3,400	3,213	3,130	3,271	2,873	3,572
Arts, Entertainment, Recreation & Other Services	3,480	3,324	3,353	3,549	3,362	3,742	4,006	4,118
Others	446	343	357	408	396	380	327	342

SOURCE : ACCOUNTING AND CORPORATE REGULATORY AUTHORITY

Footnotes

Business entities refer to companies, sole-proprietorships & partnerships, limited liability partnerships, limited partnerships, public accounting firms and variable capital companies.

Formation Of All Business Entities By Industry, Annual

Formation Of All Business Entities By Type, Annual

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Cessation of Business Entities

Title : Cessation Of All Business Entities By Industry, Annual

Number

Data Items	2016	2017	2018	2019	2020	2021	2022	2023
Total	60,747	48,206	44,816	47,321	42,474	48,715	49,445	51,761
Manufacturing	2,326	1,751	1,706	1,764	1,631	1,970	2,117	2,263
Construction	2,649	2,278	2,192	2,331	1,921	2,178	2,310	2,405
Wholesale Trade	10,773	8,007	7,811	8,204	7,294	8,835	8,910	9,109
Retail Trade	8,631	5,141	4,489	5,110	4,496	5,291	5,790	5,776
Transportation & Storage	5,523	7,087	5,949	4,491	3,383	3,110	3,031	2,910
Accommodation	83	66	67	77	78	90	80	100
Food & Beverage Services	2,772	2,115	2,132	2,358	2,034	2,457	2,745	2,748
Information & Communications	4,692	3,569	3,466	4,174	4,713	5,377	5,220	6,057
Finance & Insurance	3,317	3,041	3,127	3,247	2,928	3,603	3,385	3,845
Real Estate	764	651	649	585	584	590	553	641
Professional Services	8,836	6,841	6,371	7,037	6,509	7,342	7,453	7,857
Administrative & Support Services	3,138	2,248	2,092	2,314	1,988	2,325	2,277	2,231
Education, Health & Social Services	3,098	2,333	2,042	2,495	2,252	2,489	2,440	2,520
Arts, Entertainment, Recreation & Other Services	3,839	2,813	2,470	2,875	2,410	2,749	2,830	2,959
Others	306	265	253	259	253	309	304	340

SOURCE : ACCOUNTING AND CORPORATE REGULATORY AUTHORITY

Footnotes

Business entities refer to companies, sole-proprietorships & partnerships, limited liability partnerships, limited partnerships, public accounting firms and variable capital companies. The statistics on business entities cessation till 2017 have been adjusted to provide a more accurate reflection of the underlying cessation trends. In 2016 and 2017, ACRA conducted periodic reviews and removed from its public register, sole proprietorships and partnerships that failed to renew their registrations, and companies that were dormant. These periodic removal of business entities took place at ad hoc intervals and impacted published statistics on business entities cessation. The number of business entities cessation have therefore been adjusted to reflect the removal of such business entities at the date when they would have normally been removed. Going forward, such review and removal exercises will be conducted on a regular basis to provide a more accurate reflection of cessation trends.

Cessation Of All Business Entities By Industry, Annual

Cessation Of All Business Entities By Type, Annual

Download all in Excel (19 KB)