Definition
CPF contribution is a mandatory savings scheme implemented to provide retirement, healthcare, and housing benefits for citizens and residents. Both employees and employers contribute a percentage of the employee's salary to their CPF accounts. Contributions are managed by the Central Provident Fund Board.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.