Company Liquidation in Singapore
Fully remote procedure
6–12 months
from 1090 EUR
Professional assistance in closing your company with full compliance with all legal procedures and minimization of risks.
Company liquidation in Singapore is the official process of ceasing a company’s operations, which includes all required legal and administrative steps for closure. This service helps company owners comply with Singaporean law and avoid potential penalties for unmanaged liquidation.
Unmanaged liquidation is the process of closing a company without following the procedures required by law. This approach may lead to legal and financial consequences for the company’s directors and owners.
Unmanaged liquidation is the process of closing a company without following the procedures required by law. This approach may lead to legal and financial consequences for the company’s directors and owners.
Types of company closure
- Strike OffThis is a simplified procedure, similar to the process in Hong Kong, where a liquidator is not required.
Requirements for Strike Off:- The company has no outstanding debts to creditors, government authorities (ACRA, IRAS), or employees.
- All tax obligations have been fulfilled, including submission of the final tax returns.
- The company is not carrying out any business activities.
- All corporate bank accounts have been closed.
- There are no ongoing legal proceedings or pending claims.
Procedure:- Submission of an application to ACRA requesting to strike the company off the register.
- Notification of interested parties (e.g., creditors).
- ACRA reviews all company obligations before removal.
- After successful verification, the company is struck off the register.
Benefits:- Fast and cost-effective.
- The process takes 4–6 months.
- No liquidator is required.
- Winding UpThis is a formal process that requires the appointment of a liquidator and is used for companies with assets, liabilities, or a more complex structure.
Requirements for Winding Up:- The company has outstanding debts that need to be settled.
- Assets need to be sold to repay creditors.
- A formal audit of the company closure process is required.
Procedure:- Appointment of a liquidator: an internal or external professional who manages the winding-up process.
- Settlement of debts and distribution of assets.
- Submission of final reports to ACRA and IRAS.
- Removal of the company from the ACRA register.
Benefits:- Suitable for complex cases.
- Ensures full compliance with all obligations to creditors.
Step-by-step procedure
Consultation and Eligibility Check
We conduct a consultation to understand your needs and current situation, and we verify whether your company meets the requirements for strike off.
Collection and Preparation of Documents
We request the necessary documents from you, including the company’s Constitution, financial statements for recent years (if required), confirmation of closure of bank accounts, consent of all directors and shareholders for the Strike Off, etc.
Submission of Application to ACRA
We prepare and submit the Strike Off application to ACRA, attaching all required documents.
Support During ACRA Review
We monitor the process during ACRA’s review to ensure all requirements are met. If the registrar raises any inquiries or comments, we promptly assist you with responses and the provision of additional information.
Notice of Intended Strike Off
After submission, ACRA issues a notice of its intention to strike the company off. The notice is sent to the registered directors and shareholders and is published in the Government Gazette. Interested parties have 60 days to file an objection. We track this stage and keep you informed.
Final Strike Off Notification
If no objections are received within 60 days, ACRA officially removes the company from the register. We notify you of the completion of the process and provide a copy of ACRA’s final notice.
Completion of Service and Recommendations
We provide you with the full set of final documents and advise you on the requirement to retain financial and corporate records for 5 years after the company has been struck off.
Documents required to order the service
Company incorporation documents
1
Accounting data and financial reports for the past period
2
- Company Constitution
- Certificate of Incorporation
- Latest updates to the company’s registration details
- Transaction journals, bank statements, income and expense records, and information on accounts receivable and accounts payable.
Examples of documents issued upon service completion
-
A notification from the Accounting and Corporate Regulatory Authority (ACRA) confirming that the application for striking the company off the register has been accepted and the review process has begun. It also includes information about the publication of the notice in the Government Gazette and the 60-day period during which interested parties may file objections. -
The final document issued by ACRA upon successful completion of the strike-off process. It confirms that the company has been officially removed from the register and no longer exists as a legal entity.
Service cost
Company liquidation in Singapore
€
1090
We guarantee that this price is final
Related services
Frequently Asked Questions
The Strike Off procedure is the process of removing a company from the register when it is no longer operating and has no debts. It is simpler and more cost-effective than winding up and is used when a company has no assets, no liabilities, and is not conducting business.
A company may apply for Strike Off if it is no longer carrying on business, has no assets or liabilities, and has fulfilled all tax obligations. The company must also be registered as active in Singapore and must not have any outstanding debts or obligations.
The process begins by submitting an application to the Accounting and Corporate Regulatory Authority (ACRA) requesting to remove the company from the register. Once the application is reviewed and approved, ACRA will publish a notice of the proposed strike-off. If no objections are received within 3 months, the company will be officially struck off the register.
The Strike Off process typically takes between 6 and 12 months. This timeframe includes the submission and review period, as well as the window for possible objections. If there are no issues, the company will be struck off 3 months after the publication of the notice.
Before submitting the application, the company must close all bank accounts, settle all tax obligations, and dispose of any remaining assets. The company must also be debt-free and have no outstanding legal or financial obligations. It is important that the company be in good standing and not involved in any ongoing legal proceedings.
If the Strike Off process is not completed correctly, or if the company has outstanding financial or legal obligations, the directors may be held liable for failing to fulfil their duties to tax authorities and other government bodies. This may also negatively affect the reputation of the company and its founders.
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Why choose us?
Licensed Corporate Secretary
Direct Services in China and Singapore
We provide services directly in Hong Kong, China, and Singapore without intermediaries. This speeds up the registration process and enables clients to manage their businesses more efficiently in these jurisdictions.
We are a licensed provider of corporate secretary services in Hong Kong, ensuring full compliance with local laws and regulatory requirements. Our license guarantees the reliability and security of the services we provide.
Comprehensive Turnkey Services
We offer not only company registration but also full support services: accounting, assistance with bank account opening, and handling correspondence at the company’s registered address. This ensures convenience and minimizes bureaucratic complexities for our clients.
Experience Since 2016
Since our founding in 2016, we have successfully assisted hundreds of companies in registering and efficiently conducting business. Our experience with international clients allows us to cater to the unique needs of each company, regardless of size.
Personal Manager for Each Client
Each client is assigned a personal manager who guides them through all stages of registration and ongoing support. This individualized approach ensures tasks are handled promptly and according to client expectations.
Confidentiality and Data Security
We guarantee complete confidentiality and protection of client data, strictly adhering to commercial secrecy regulations. Your information is secure at every stage of our cooperation.
Transparent and Fair Pricing
We provide clients with detailed cost breakdowns of all services, avoiding hidden fees. This ensures full transparency and predictable expenses.
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