Limited Partnership (LP) in Singapore — Amazon FBA & E-Commerce Formation Guide
For non-US residents, a US LLC (e.g., Wyoming or Delaware) is highly popular for Amazon FBA because it provides easy access to US payment gateways (Stripe, Mercury) and Amazon US, often with 0% US corporate tax if structured correctly. If selling primarily in Europe, a UK LTD or Estonian OÜ simplifies VAT registration and OSS compliance.
Last verified: June 13, 2026
Corporate Tax
0.0%
State Tax
0.0%
Formation Cost
$85
Annual Fee
$22
Forming a Limited Partnership (LP) in Singapore as a Amazon FBA & E-Commerce means a total tax burden of 0.0% and an official formation cost of $85. There is no minimum capital requirement. Standard formation takes 3-5 business days, or 1-2 business days expedited. No local director is required; the process can be managed remotely. This guide covers the steps, tax breakdown, banking options, and compliance requirements — all from verified data.
First-year total cost
≈ $3,057
Ongoing (per year)
≈ $2,622
Why Limited Partnership (LP) for Amazon FBA & E-Commerce?
A business model where you sell physical products on Amazon's marketplace, utilizing their Fulfillment by Amazon (FBA) network. Choosing the right jurisdiction is critical for managing inventory taxes, VAT/Sales Tax nexus, and accessing global payment gateways.
Ideal for
- US LLC (Wyoming/Delaware) for the US market
- UK LTD for the European market
- Estonian OÜ for digital nomads
- UAE Free Zone for tax-free scaling
Challenges to watch
- Sales tax and VAT compliance across multiple states/countries
- Strict Amazon seller account verification processes
- Product liability risks requiring corporate shields
- Managing multi-currency cash flows and high conversion fees
Key decision criteria
- Does the jurisdiction support easy Amazon Seller Central registration?
- Can you easily open a business bank account compatible with Amazon disbursements?
- What are the VAT or Sales Tax nexus implications for where your inventory is stored?
- Do you need product liability insurance, and is it available for your entity type?
Limited Partnership (LP) formation requirements
Minimum capital
None
Standard timeline
3-5 business days
Expedited timeline
1-2 business days
Local director
Not required
Registered office
Virtual office allowed
Notarization
Not required
A local manager (ordinarily resident in Singapore) must be appointed only if all General Partners are non-resident.
Estimated breakdown (based on avg. $150,000 revenue)
Simulate with your own revenue →
VAT / Sales Tax
Standard rate 9%. Registration threshold: 1,000,000 SGD. Foreign suppliers of digital services must register for GST under the Overseas Vendor Registration (OVR) regime if their global turnover exceeds SGD 1 million and B2C digital services to Singapore exceed SGD 100,000.
Banking & payments for Amazon FBA & E-Commerce
Opening a traditional bank account in Singapore can be challenging for non-resident founders due to strict KYC and AML regulations, often requiring an in-person visit. However, digital platforms like Aspire, Wise, and Airwallex offer fully remote onboarding and are highly recommended for foreign-owned LPs.
Supported payment gateways
Remote-friendly accounts
Aspire
Top choice for Singapore startups. Offers multi-currency accounts, corporate cards, and fully remote onboarding.
Wise Business
Excellent for multi-currency transactions and international payments with low conversion fees.
Airwallex
Great alternative for cross-border businesses needing global accounts and payment gateway integration.
Singapore incentives & advantages
Section 13OA Tax Exemption
Tax exemption on specified income from designated investments.
Section 13H Venture Capital Fund Tax Incentive
Zero tax on capital gains and dividend income from qualifying investments.
Limited Partnership (LP) formation steps
Choose an approved business name and reserve it via ACRA's BizFile+ portal.
Appoint at least one General Partner and one Limited Partner.
Engage a Corporate Service Provider (CSP) if all partners are foreigners without Singpass.
Appoint a local manager (ordinarily resident in Singapore) if all General Partners are non-residents.
Draft and sign the Limited Partnership Agreement (LPA) outlining profit distribution and liabilities.
Register the LP via BizFile+ and pay the ACRA registration fees.
Obtain the Unique Entity Number (UEN) and Business Profile from ACRA.
Open a corporate bank account (e.g., Aspire, Wise) using the UEN and Business Profile.
Amazon FBA & E-Commerce FAQ
Can I open a US Amazon FBA account as a non-US resident?
Yes. Forming a US LLC allows you to get an EIN and open a US business bank account, which makes the Amazon Seller Central verification process much smoother and avoids high currency conversion fees.
Do I need to pay US taxes if I sell on Amazon US?
If you are a non-US resident with a single-member LLC and no physical presence (ETBUS) in the US, you may not owe US federal income tax. However, you must still collect and remit Sales Tax in states where you have economic or physical nexus (like storing inventory in an Amazon warehouse).
Which is better for Amazon Europe: UK LTD or US LLC?
A UK LTD is generally better for Amazon Europe as it simplifies obtaining a UK/EU VAT number and EORI number, which are mandatory for importing and storing goods in European fulfillment centers.
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Related guides
Complete Limited Partnership (LP) guide
Taxes, requirements, banking, compliance
Limited Partnership (LP) cost calculator
One-time and annual cost breakdown
🇧🇬 Amazon FBA & E-Commerce — Single-Member Limited Liability Company (EOOD)
Tax 10.0% · formation $30
🇨🇾 Amazon FBA & E-Commerce — Variable Capital Investment Company (VCIC)
Tax 15.0% · formation $180
🇨🇾 Amazon FBA & E-Commerce — Company Limited by Guarantee
Tax 15.0% · formation $265
🇨🇾 Amazon FBA & E-Commerce — Sole Proprietorship
Tax 0.0% · formation $100
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