In the unlikely situation that you have to close your company, we are here to assist so that the application for a strike-off can be done in the most cost-efficient manner possible.

Requirements to strike off a company

All Singapore companies applying for strike off must gain approval from ACRA. Companies must fulfil the following list of criteria:

• The company has ceased business
• The company has closed all its bank account(s)
• The company is not a party to any ongoing or pending proceedings (civil or criminal) before a court, whether in Singapore or elsewhere
• The company is not subject to any ongoing or pending regulatory action or disciplinary proceedings
• The company has no assets or contingent assets and no liabilities or contingent liabilities
• The company has no outstanding tax liabilities owing to the Inland Revenue Authority of Singapore (IRAS) and is not indebted to any other Government Agency
• The company has cancelled its GST status with IRAS (if applicable)
• The company has obtained approval from all/majority directors/ shareholders

Additional requirements:

• Bookkeeping has to be done up to date, including the disposal of assets and liabilities
• Tax filing has to be filed up to date and tax clearance obtained from IRAS
• Company resolutions and other documentation to validate the strike off application