Dormant Companies

Notwithstanding that the company is no longer in operation or has ceased business activities, a dormant company has to file its annual return with ACRA. It also must submit its Income Tax Return unless the company has been granted a waiver.


A dormant company has to notify ACRA of changes in the company, e.g. the appointment or cessation of directors, change in the registered office address, allotment of shares, etc. In addition, it is also still required to have a company secretary as the Companies Act states that the position of company secretary must not be left vacant for more than 6 months.


If the company fails to comply, penalties and summons may be issued against a company director, as prescribed in the Companies Act, Cap 50.  Therefore,  the company should engage the services of a corporate secretarial or tax agent to make sure everything is in order to avoid enforcement actions from ACRA or IRAS.


If you need more information about dormant or active company matters, hire a reliable corporate secretary in Singapore!

Share:

More Posts

Fixed Assets in Business

1. Fixed assets are tangible assets that are employed in the business to generate revenue/income. This assets are not intended for resale in the normal

Annual General Meetings

1. All companies in Singapore are required to hold annual general meetings (AGMs). An AGM is a mandatory annual meeting of shareholders of a company.

Filing GST Returns to IRAS

1. GST-registered businesses are required to file their GST returns and make GST payments to IRAS by the due date. Your GST Returns filing and

Get in Touch​