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Strike Off Company

All Singapore companies applying to strike their names off the register must obtain approval from ACRA. The whole procedure may be time consuming and we can assist you fully in the strike-off process.

Criteria to strike off a company

 

According to ACRA, here are criteria to strike off your business:

  • The company has not commenced business since incorporation or has ceased trading.

  • The company has no outstanding debts owed to Inland Revenue Authority of Singapore (IRAS), Central Provident Fund (CPF) Board and any other government agency.

  • There are no outstanding charges in the charge register.

  • The company is not involved in any legal proceedings (within or outside Singapore).

  • The company is not subject to any ongoing or pending regulatory action or disciplinary proceeding.

  • The company has no existing assets and liabilities as at the date of application and no contingent asset and liabilities that may arise in the future.

  • All/majority of the director(s) authorise you, as the applicant, to submit the online application for striking off on behalf of the company. 


Who may apply to strike it off?

The company director, the company secretary or the registered filing agent can submit an online application via BizFile+ using SingPass or CorpPass to strike off the company. 

Process of Striking-Off a Company

It may take at least 4 months to complete the whole striking-off process

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After getting approved, ACRA may send a striking off notice to the company’s registered office address

After 30 days from the approval, ACRA will publish the name of the company in the Government Gazette known as the First Gazette Notification (if there's no objection).

After 60 days from the First Gazette Notification, ACRA will publish the name of the company in the Government Gazette again and the name of the company will be struck off the register (if there's no objection). 

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Source: ACRA website

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Working with different clients from different industries at different stages, we can better relate your company's situation and our compliance specialists can help you fulfill your business needs. Get in touch with us today for more information!

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