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This entity is a very popular in Singapore with its own pros and cons.
A company that is established locally in Singapore is a private limited company. The term “Pte Ltd.” or “Private Limited” is added as suffix in the name of the company.
Foreign entrepreneurs can establish a private limited company, but with a Singapore Citizen or Singapore Permanent Resident as a local director. For a business with significant growth plans and takes business risks invariably and comes out with growth, this kind of entity is best suited to set up a business.
