Singapore Company Dissolution

Singapore Company Dissolution Services

• Initial Consultation and Planning: We begin by understanding your specific circumstances and outlining the dissolution process, including timelines and requirements.
• Solvency Assessment: We assess your company’s solvency to determine the appropriate dissolution pathway (i.e., members’ voluntary winding up or creditors’ voluntary winding up).
• Preparation of Necessary Resolutions and Documents: We prepare all required resolutions, statutory declarations, and notices for shareholders’ and directors’ meetings.
• Filing with ACRA: We handle the filing of all necessary documents with the Accounting and Corporate Regulatory Authority (ACRA), ensuring compliance with regulatory deadlines.
• Appointment of Liquidator: If necessary, we can assist in the appointment of a qualified liquidator to manage the winding-up process.
• Advertisement of Dissolution: We manage the required advertisements in the Gazette to inform creditors and other stakeholders of the company’s dissolution.
• Finalizing Accounts and Tax Matters: We ensure that all final accounts are prepared and that all tax obligations with the Inland Revenue Authority of Singapore (IRAS) are settled.
• Striking Off Application: For solvent companies, we manage the application to ACRA to strike the company off the register.

Benefits of our Singapore Company Dissolution Services

• Efficiency and Accuracy: We streamline the dissolution process, minimizing delays and ensuring all documents are prepared accurately.
• Compliance Assurance: We ensure that all legal and regulatory requirements are met, mitigating the risk of future complications.
• Local Expertise, Global Perspective: Our team combines knowledge of Singaporean business practices with an understanding of international business needs.
• Dedicated Support & Communication: You’ll have a dedicated point of contact for guidance and updates.
• Multilingual Capabilities: We handle documentation and communication in multiple languages.

Striking Off a company in Singapore

Striking off is a simpler and less costly process for closing a company in Singapore, primarily applicable to solvent companies that have ceased trading and have no outstanding debts. It involves an application to the Accounting and Corporate Regulatory Authority (ACRA) to remove the company’s name from the register. However, strict eligibility criteria must be met, and the company must fulfill certain conditions, such as having no ongoing legal proceedings and having settled all its affairs. While striking off offers a streamlined approach to dissolution, it’s important to ensure all requirements are satisfied to avoid any complications or objections during the process.