Company Services

Margin Wheeler

A leading Corporate Advisory Firm in Singapore, growing with your help, helping with your growth.

Striking Off Company @ $600

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Requirements for Striking-Off a Company
We provide professional services in the closing (or strike-off) of local companies, working with the Accounting and Corporate Regulatory Authority (ACRA) and other relevant government agencies.

ACRA will strike a company off the register only if the company meets the following conditions:

  • The company has ceased operation
  • 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 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 is submitting for striking off

* If the Company has liability which is trade in nature and be waived off, it is subject to Company income tax.

Process of Striking-Off a Company
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 this company off the register in three months’ time will be made in the Government Gazette. Any interested person can still raise an objection to the application during this three months period.

After the three months 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 striking-off process therefore takes about five months.

Should you have any queries, send an email to us @ [email protected] or contact us @ 6272 0820.

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