Strike Off Company in Singapore (*From S$600)
ACRA Strike Off Company
We provide professional ACRA strike off services in the closing (or strike off) of local Singapore companies, working with the Accounting and Corporate Regulatory Authority (ACRA) and other relevant government agencies.
We always want to provide business owners with a fast and easy process to strike off company in Singapore. Contact our consultants now!
Closing Down Singapore Company FAQs
How we can assist you with Company strike off?
WLP Group is a professional Singapore company registration services firm registered with ACRA acting on behalf of business owners and entrepreneurs in the process of ACRA Company strike off in Singapore. You can engage our Singaore strike off company in 1 hour services to de-register your Singapore company conveniently and at affordable rates!
Our Company strike off service aims to provide you with the compliance essentials of closing down a company, and you can be assured that we will be supporting during the process of de-registering your company from ACRA. Call us at +65 6493 2970 for a free Singapore company strike off consultation or if you are looking to strike off company in 1 hour!
What are the REQUIREMENTS FOR ACRA STRIKE-OFF COMPANY IN SINGAPORE?
We provide professional services in the process of closing (or ACRA strike off services) of local companies, working with the Accounting and Corporate Regulatory Authority (ACRA) and other relevant government agencies.
ACRA will strike off company in Singapore, only if the company meets the following conditions:
- The company has ceased operation
- The company has no bank account or the bank account is closed
- The company is not and will not be involved in any court proceedings in or outside Singapore
- The company has no assets and liabilities*
- The company has no outstanding penalties or offers of composition due to the ACRA and is not indebted to other government departments
- The company has no outstanding tax liabilities to / tax refund from the Inland Revenue Authority of Singapore (IRAS) **
- The company has no outstanding charges in its charge register (e.g. no mortgages, etc.)
- None of the officers of the company have outstanding ACRA summonses
- If the Company is GST registration, kindly cancel it before the Company starts the process of ACRA strike off in Singapore
* If the Company has liability which is trade in nature and be waived off, it is subject to Company income tax.
What are the STRIKE OFF PROCESS AND PROCEDURES?
Upon approval of a strike off, a Striking Off Notice will be sent to the company at its registered office address, to its directors at their residential addresses and to the IRAS, within 14 days of the receipt of the strike off application.
A period of one month is given in the Striking Off Notice to anyone that may wish to raise any objection to the application.
After the one month period has expired, a notification of the intention to strike off this company off the register in 60 days’ time will be made in the Government Gazette. Any interested person can still raise an objection to the application during this 60 days period.
After the 60 days have expired, a final notification will be made stating that the company has been struck-off the register. The date that the company is struck-off will also be stated in the final notification.
The entire Company striking off process therefore takes about four months.
Aggrieved persons can appeal to the Court for restoration of the company within 6 years (formerly is 15 years).
RELATED QUICK FACTS
Registered Office Service:
EVERY business/company must have a registered office in Singapore which must be operational and accessible to the public during normal office hours. Please note that a P.O. Box address cannot be used as a business address. If you do not have one, check out our Registered Office Service.
Corporate Secretarial Service:
All Companies registered in Singapore must appoint a Company Secretary to handle Statutory Compliance matters. If you have not appointed an experienced Company Secretary, check out our Corporate Secretarial Service.
Accounting & Tax:
Need help to keep proper account records for your business, perform tax computations and submit your Personal Income Tax Filing to IRAS? WLP offers book-keeping and tax services for business owners to fulfill compliance to IRAS. Check out our Accounting & Tax Services.
What does ACRA Company Strike Off means?
ACRA strike off is one of the ways to cease and close down a local company in Singapore. It serves the purpose of closing down a Singapore Company (after going through the process of company incorporation Singapore) and removing the Company’s name from the Companies Registrar in the Accounting and Corporate Regulatory Authority (ACRA) when the Singapore Company is no longer in operation.
Who can submit the application to strike off company in Singapore?
- Director of the Company
- Corporate Secretary
- Corporate Service Provider
Where to apply for the ACRA strike off company in Singapore?
You can complete the closing down Singapore company application online through the ACRA Bizfile website with the CorpPass.
How long does the ACRA Strike Off application take to process?
You can complete the application to strike off company in 1 hour. However, upon submission of request to strike off, ACRA will process the application within 5 working days.
Once the strike off company in Singapore application is successful, ACRA will send a notice to the Company’s registered address as well as the officers’ (Director, corporate secretary and shareholders). After 30 days from the initial approval for strike-off, if there is no objection from the company’s officers, the Company name will be published in the Government Gazette also known as the First Gazette Notification.
Only after 60 days from the First Gazette Notification, if there is no objection from the general public, the Company will then be struck off from the register. This is also known as the Final Gazette Notification.
Who can lodge an objection against the Company Striking-off?
Any interested person can file an objection against the ACRA strike off application of a Company; usually a debtor of the Company. He/she can file an objection at no fee in ACRA. Upon receipt of such objection, the Company will be notified and be given 2 months to resolve the issue with the interested party.
Should the Company is not able to resolve the issue within the given timeframe, the strike-off application of company incorporation Singapore will lapsed and the Company can only submit an application for the process of closing down Singapore company when the objection has been successfully resolved.
Can the Company withdraw their strike-off application?
Yes, a withdrawal of company incorporation Singapore application for the process of closing down Singapore Company is possible if there are clear reasons for the withdrawal. There is no filing fee for this transaction however the withdrawal request must be lodged at least 5 working days before the Final Gazette Notice.
Contact your Singapore company registration services provider to strike-off your application as soon as possible to avoid any penalty charges or having to go through the process of strike-off company in Singapore.
For more information regarding the process to strike off company in 1 hour, contact us for a free Singapore company strike off consultation!