The for-profit foundation in Singapore is a Singapore private limited company, and its name includes the foundation company. Private companies are divided into exempted private limited companies (EPC): private exempted companies, ending with PTE. Shareholders of such companies are individuals, not companies. PTE Ltd: this company is also the end of PTE Ltd, but its shareholders are the company. Company type of non-profit foundation: public guarantee company limited (CLG) (guarantee liability company). In this kind of company, the liability of shareholders is limited to the amount of assets they promised to provide to the company at the time of liquidation, not or only the amount of their capital contribution to the company.
Singapore for-profit foundation companies or non-profit public offering foundations are registered and managed by the Accounting and Enterprise Development Agency of Singapore (ACRA), among which non-profit public offering foundations are widely favored by the blockchain ICO virtual currency development industry.