Strike-off Company

When the business of a Company has ceased, it is advisable to close the Company as a dormant company is still subjected to statutory obligations of a Company such as annual return filing which will incur costs to the Company.

Striking off a Company typically is a faster and less complicated process compared to a winding up process. The entire strike off process typically takes approximately less than 6 months to be completed.

Our consultants would be able to you to strike off your Company. Striking off a Company will require certain requirements to be met beforehand. Our consultants can advise you accordingly to ensure a smooth process.

Fees For Striking Off  S$320

ACRA will striking off a Company off the register only if the Company meets the following conditions:

  • The Company has not commenced business since incorporation or has ceased trading.
  • The Company has no existing assets and liabilities as at the date of application and no contingent asset and liabilities that may arise in the future.
  • The majority of the shareholder(s) has/have provided written consent to the striking off application.
  • All the director(s) agree and consent to the striking off application.
  • The Company has submitted the last set of audited accounts (only for a public company limited by guarantee) OR the latest unaudited balance sheet (for all other companies).
  • The Company has no outstanding tax liabilities with Inland Revenue Authority of Singapore (IRAS).
  • The Company has no outstanding employers’ Central Provident Fund (CPF) contributions owing to the CPF Board.
  • The Company has no outstanding debts owed to any other government agency.
  • There are no outstanding charges in the charge register.
  • The Company is not involved in any legal proceedings (within or outside Singapore).

 

Contact us to assist you in your de-registration process.