Can business in Singapore change it’s legal entity type?

Indeed, it is possible for a business operating in Singapore to alter its legal entity type. This process entails a series of steps, such as seeking advice from experts, establishing a new entity, transferring assets and operations to it, dissolving the old entity, and informing all relevant parties. The exact procedure can differ based on the existing and desired business structures and regulations. It is essential to seek guidance from professionals and meticulously follow all necessary procedures to prevent any major legal or financial repercussions.