Reliable Company Striking Off Services

Closing a business requires careful compliance with regulatory procedures. Our firm assists clients through the entire process, from preparing the necessary documents to submitting final filings, ensuring a smooth and compliant dissolution of the company. We manage the administrative and regulatory aspects of company closure, helping clients avoid potential penalties and ensuring that all obligations are fulfilled. With our knowledge of the legal requirements for strike-offs and company closures, we streamline the process, allowing clients to focus on their next venture or transition.

300% ROI*

From SMEs business services on average

24 Hours**

Saved during tax preparation

10,000+***

Consultations advisory delivered

Strike Off Team Discussion

Striking Off a Company in Singapore

Striking off a company in Singapore is a process governed by the Accounting and Corporate Regulatory Authority (ACRA) to formally deregister a business that is no longer operational. This service is particularly suited for dormant or inactive companies that have fulfilled all legal and financial obligations. Our firm specialises in providing a seamless and compliant striking-off service, ensuring that clients navigate the process with ease.

Smooth and Efficient Company Closure
We take care of the entire process of striking off your company, ensuring a hassle-free and compliant closure.

Expert Handling of Legal Formalities
From filing necessary documents to meeting regulatory requirements, we manage all the steps to officially dissolve your company

Peace of Mind Through Professional Support
Rely on our team to guide you through every stage of the company strike-off, ensuring a clean and compliant exit.

“Closing our company was made stress-free by their team. The strike-off service was thorough, efficient, and handled with care.”

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Testimonials Star
Jackson Goh
Mar 2023

Close Your Business Quickly and Compliantly – Get Started Now!

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Strike Off Consultant

Our firm offers a complete suite of services to streamline the striking-off process:

1.      Preliminary Assessment: We evaluate your company’s compliance with ACRA’s eligibility requirements, ensuring a smooth application.

2.      Document Preparation: Our team prepares necessary documentation, including board resolutions and final account statements.

3.      Tax Compliance: We assist in filing the final tax return with the Inland Revenue Authority of Singapore (IRAS) and resolving any outstanding tax matters.

4.      Application Filing: We handle the application submission via ACRA’s BizFile+ portal, ensuring all criteria are met.

5.      Stakeholder Notifications: Guidance on informing creditors, employees, and stakeholders about the company’s closure.

6.      Follow-Up and Monitoring: We monitor the status of the application, providing regular updates throughout the process.

What is Striking Off?

Striking off involves removing a company from ACRA’s register, ceasing its existence as a legal entity. This is an efficient alternative to winding up, particularly for businesses that have settled liabilities and met regulatory requirements. Once struck off, the company is no longer bound by statutory obligations but must ensure all pre-existing conditions are addressed before applying.

Strike Off Advisor

Frequently Asked Questions

Why would I want to strike off my company?

If your company is no longer operating and you don’t need it for anything else (like taxes or other legal requirements), striking it off can help you avoid unnecessary costs, like annual fees or filing requirements.

How do I know if my company is eligible for striking off?

Your company should be dormant (no business activities), have no outstanding debts, and be up to date with all its filings (like tax returns). If there are any liabilities or ongoing obligations, striking off might not be an option.

How long does the process take to strike off a company?

It usually takes about 4 to 6 months, but it depends on how quickly your company meets all the requirements and if there are any complications along the way.

What happens if my company has outstanding debts or unresolved legal matters?

You won’t be able to strike off the company until everything is settled. If there are debts or legal issues, you’ll need to address them first before starting the striking-off process.

Can I still strike off a company if it hasn’t been active for a while?

Yes, you can! But, your company needs to have no outstanding obligations like tax filings or fees. It must be truly dormant for the process to be straightforward.

What happens if ACRA rejects my application to strike off my company?

If ACRA rejects the application, they’ll let you know why, and you’ll have to resolve the issue (like outstanding filings or debts) before reapplying. It’s important to clear any issues to get the green light from ACRA.

Does striking off a company affect its directors or shareholders?

No, striking off the company doesn’t directly affect the directors or shareholders in terms of their personal liabilities, as long as there are no outstanding issues like unpaid taxes. However, if the company has unresolved debts, the directors could still be held responsible.

Looking to Strike Off Your Company? Book Your Free Consultation Today!

Eligibility Criteria for Striking Off

ACRA imposes specific criteria to ensure that only eligible companies can be struck off. The key conditions include:

●      The company has ceased all business operations or never commenced trading.

●      All outstanding debts, including taxes, have been settled.

●      The company has no pending legal proceedings or unresolved disputes.

●      No outstanding liabilities, such as Central Provident Fund (CPF) contributions or government agency debts.

●      All financial accounts have been finalised, and there are no active charges registered against the company.

Strike Off FAQ
Strike Off Preparer

The striking-off procedure is straightforward yet requires careful attention to detail:

1.      Application Submission: Filed by directors, the company secretary, or a corporate service provider.

2.      Notification of Stakeholders: ACRA issues a striking-off notice to the company’s registered office, directors, and tax authorities, providing a 30-day objection period.

3.      Gazette Publication: If no objections arise, ACRA publishes a Notice of Intention to Strike Off, initiating a second 60-day objection window.

4.      Finalisation: Upon no objections, ACRA issues a final notice, and the company is officially struck off the register.

The entire process typically spans 5–6 months, allowing ample time for stakeholders to address any concerns.

Get In Touch With Us Now

With extensive experience in corporate compliance, we offer personalised support tailored to your company’s needs. Our proven track record in handling striking-off applications ensures a smooth transition, allowing you to focus on future opportunities.

Contact us today to simplify your company’s closure process and achieve peace of mind with our expert services.

    Benefits of Professional Assistance

    Strike Off Review

    Engaging professional services ensures the striking-off process is handled efficiently and in full compliance with Singapore’s regulations. Key benefits include:

    ●       Time-Saving: Avoid delays caused by incomplete or incorrect documentation.

    ●       Regulatory Expertise: Ensure all legal and tax obligations are fulfilled.

    ●       Peace of Mind: Focus on new ventures while professionals manage the administrative burden.

    While striking off dissolves the company, certain obligations remain:

    ●       Retention of Records: Retain financial and tax records for at least five years.

    ●       Director Restrictions: Directors of multiple struck-off companies may face disqualification from holding directorships for five years.

    ●       Reinstatement: A struck-off company can be restored within six years through a court order, provided valid reasons.