Accounts Tax Secretary

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Company Strike off

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We handle the complexity for your business and stay compliant

Accounts Tax Secretary

Why B6?

Statutory Compliance

Prepare the necessary final accounts, IRAS Tax submission and ACRA filing.

Advisory

Provide recommendations after reviewing your company's current status and financial statements.

Personalized Support

We are here to support you to ensure the process is smooth and stress-free

To strike off a company in Singapore, the company must be officially removed from the ACRA register. This is done by applying for striking off under section 344 of the Companies Act.
For almost dormant companies, you may decide to strike off the company and save the compliance money.

Eligilibity Criteria

arrow_forward The company must be dormant (ie, not conducting business, not holding assets and not owning any liabilities/contingent liabilities arising in future)

arrow_forward The company must not have outstanding debts to IRAS, CPF Board and other government agencies, eg, Unpaid taxes, fees or penalties

arrow_forward The company has cancelled its GST status with IRAS (If GST registered)

arrow_forward There are no outstanding fixed (or floating) charges in the charge register (eg, Mortgages, etc)

arrow_forward All the company's officers have no outstanding ACRA summonses.

arrow_forward The company must have no ongoing (or will be) legal action or claims against it (within or outside Singapore)

arrow_forward The company must have no outstanding annual returns.

arrow_forward Written consent from the majority of the shareholders must be obtained.

arrow_forward Finalised accounts drawn up till the date of cessation must be attached.

B6 can assist you with the following to smooth the process.

arrow_forward Up-to-date bookkeeping to the date of cessation, including disposal of assets and liabilities

arrow_forward Up-to-date tax filing and payment to IRAS for all relevant years of assessment

arrow_forward Company resolutions and/or documentation to validate its strike-off application

arrow_forward Strike off application and follow up.

Steps to strike off

1
Hold a Board Resolution
The director of the company must pass a broad resolution to apply for striking off
2
Ensure all compliance requirements are met
Ensure that the company has filed all outstanding tax returns and has paid all dues to IRAS and other authorities
3
Apply for striking off via ACRA
4
ACRA's review
ACRA will review the application, and if everything is in order, it will issue a notice of intention to strike off the company
5
3 months Public Notice
ACRA will publish a notice of the intention to strike off the company in the Government Gazette and on the ACRA website. This gives creditors and other interested parties the opportunity to raise objections within 3 months.
5
Striking off the company
If there are no objections after 3 3-month period, ACRA will proceed with striking off the company, and the company will be officially dissolved. The date of the company's striking off will be stated (Final Gazette Notification)
  • If any objections are raised, ACRA will give the company 2 months to resolve the matter. If unable to do so, the application will lapse and will need to be resubmitted to ACRA.
  • If the company has creditors, it’s essential to settle all outstanding liabilities before applying to have the company struck off.
  • If a company is involved in any legal proceedings, it cannot be struck off the register.

A company can apply for withdrawal of its application for striking off with no filing fee

  • Once struck off, the company no longer exist as a legal entity and cannot carry out any business or hold assets
  • If the company is later found to have been struck off in error, it may be reinstated by ACRA
  • A company can be restored within 6 years after the company name has been struck off, by court order.

The entire process typically takes around 6-9 months from the application date to the final striking-off notice.

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FAQ

  • Is a minimum period from the date of incorporation of a company required before filing for strike off?
    There is no minimum period required to file for strike off as long as the company meets all the requirements stated above.
  • How long must I retain the statutory and related documents for a company after it has been struck off the register?
    All books and papers of a company that has been struck off and dissolved must be retained for at least 5 years from the date that the company was dissolved. This falls under the responsibility of a person who was an officer of the company immediately before its dissolution.