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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

Please click on the topic to view the available data tables.

Formation of Business Entities

Title : Formation Of All Business Entities By Industry, Annual

Number

Data Items

2018
2019
2020
2021
2022
2023
2024
2025

Total

61,804
61,573
63,480
65,438
64,305
70,399
71,687
78,146

Manufacturing

1,919
2,102
2,471
2,663
2,437
2,555
2,415
2,583

Construction

2,716
2,716
2,402
3,019
3,261
3,562
3,487
3,718

Wholesale Trade

10,166
10,420
11,001
8,337
9,322
11,145
11,876
12,048

Retail Trade

5,216
5,798
8,943
8,271
5,183
6,145
6,417
7,701

Transportation & Storage

3,014
2,970
2,924
2,868
2,588
2,746
2,798
3,886

Accommodation

103
101
63
64
74
104
104
111

Food & Beverage Services

3,341
2,985
3,285
3,934
3,335
3,669
3,795
4,103

Information & Communications

8,195
6,834
6,660
7,869
9,056
9,405
9,696
9,991

Finance & Insurance

5,866
6,467
6,002
8,349
8,309
7,210
6,744
7,337

Real Estate

692
691
631
700
742
881
910
921

Professional Services

10,733
10,584
9,984
9,980
10,470
12,084
12,234
13,409

Administrative & Support Services

2,733
2,735
2,226
1,991
2,322
2,835
2,964
3,245

Education, Health & Social Services

3,400
3,213
3,130
3,271
2,873
3,635
3,626
4,059

Arts, Entertainment, Recreation & Other Services

3,353
3,549
3,362
3,742
4,006
4,094
4,294
4,708

Others

357
408
396
380
327
329
327
326
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 decrease in the business formation and cessation counts in December 2024 was due to a temporary suspension of (a) all eServices on Bizfile portal including those relating to business registration and cessation to facilitate IT system migration activities carried out in first week of December; and (b) ACRA's periodic exercise to remove from the public register business entities that failed to renew their registrations and companies that were dormant.

Formation Of All Business Entities By Industry, Annual
Formation Of All Business Entities By Type, Annual

Download all in Excel  (19 KB)

Cessation of Business Entities

Title : Cessation Of All Business Entities By Industry, Annual

Number

Data Items

2018
2019
2020
2021
2022
2023
2024
2025

Total

44,814
47,320
42,474
48,715
49,456
51,587
55,318
60,445

Manufacturing

1,706
1,764
1,631
1,970
2,118
2,265
2,302
2,518

Construction

2,192
2,331
1,921
2,178
2,310
2,385
2,857
2,737

Wholesale Trade

7,811
8,204
7,294
8,835
8,910
9,093
9,251
9,980

Retail Trade

4,489
5,110
4,496
5,291
5,793
5,766
6,102
6,794

Transportation & Storage

5,949
4,491
3,383
3,110
3,031
2,879
2,779
2,960

Accommodation

67
77
78
90
80
99
68
64

Food & Beverage Services

2,132
2,358
2,034
2,457
2,746
2,754
3,048
3,074

Information & Communications

3,466
4,174
4,713
5,377
5,222
6,041
6,849
7,550

Finance & Insurance

3,125
3,247
2,928
3,603
3,384
3,844
4,521
4,783

Real Estate

649
585
584
590
553
640
673
763

Professional Services

6,371
7,036
6,509
7,342
7,455
7,817
8,302
9,616

Administrative & Support Services

2,092
2,314
1,988
2,325
2,278
2,212
2,371
2,550

Education, Health & Social Services

2,042
2,495
2,252
2,489
2,441
2,516
2,671
2,985

Arts, Entertainment, Recreation & Other Services

2,470
2,875
2,410
2,749
2,832
2,933
3,200
3,736

Others

253
259
253
309
303
343
324
335
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 decrease in the business formation and cessation counts in December 2024 was due to a temporary suspension of (a) all eServices on Bizfile portal including those relating to business registration and cessation to facilitate IT system migration activities carried out in first week of December; and (b) ACRA's periodic exercise to remove from the public register business entities that failed to renew their registrations and companies that were dormant. 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)

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