Closing a Company or Business

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Closing a Company or Business

All aspects of opening, running and closing a business in Singapore come under the authority of Accounting & Corporate Regulatory Authority (ACRA).

• A list of useful brochures on setting up, running and closing down a business in Singapore can be found online on ACRA's main website for closing a company: Click here

Many transactions may be carried out electronically using BizFile.

Different procedures and conditions apply depending on whether the enterprise is a Limited Liability Partnership, a Business or a Private Limited Company.

Closing a Limited Liability Partnership (LLP)

There are two ways of closing a Limited Liability Partnership; it may be wound up with the assistance of a professional advisor, or, if it meets certain conditions, it may apply to ACRA to be struck off their register.

Winding up may be voluntary by either the members or the creditors, or compulsory. If the company is to be wound up, it is advisable to seek professional advice.

• Detailed information from ACRA: Click here

Striking off

Any director of the company who is issued with a SingPass may apply to have the company struck off or they may appoint a professional firm (auditors, a law firm or a corporate secretarial firm) to do so on their behalf.

• The application must be filed using Bizfile: Click here

Closing a Business

The business owner may close a business by filing online either:

• a notice of termination 
• or a notice of cessation 

Online notification should be made on the Bizfile website accessed using ID No and SingPass:

• To enter Bizfile: Click here
• Detailed information from ACRA: Click here 

Closing a Private Limited Company

There are a number of ways in which a Private Limited Company may be closed: it may be wound up (voluntarily or by court order); it may placed under receivership; it may be placed under judicial management; or it may apply to be struck off the register.

• Detailed information on each of these options from ACRA: Click here 

Further Information

• Accounting & Corporate Regulatory Authority (ACRA)
  At: No 10 Anson Road #05-01/15 International Plaza Singapore 079903
• AngloINFO INFOrmation Page Starting a Business in Singapore