ACRA will strike-off a company that meets the following requirements:
The company has ceased its business operation
The company has closed its bank account
The company has no assets and liabilities
The company is not and will not be involved in any court proceedings, whether in or outside Singapore
The company has no outstanding penalties or offers of composition owing to ACRA or other government departments
The company has no outstanding tax liabilities owing to the Inland Revenue Authority of Singapore ("IRAS")
The company has no outstanding charges in its charges register
None of the officers of the company have outstanding ACRA summonses
ACRA will strike-off a company that meets the following requirements:
- The company has ceased its business operation
- The company has closed its bank account
- The company has no assets and liabilities
- The company is not and will not be involved in any court proceedings, whether in or outside Singapore
- The company has no outstanding penalties or offers of composition owing to ACRA or other government departments
- The company has no outstanding tax liabilities owing to the Inland Revenue Authority of Singapore ("IRAS")
- The company has no outstanding charges in its charges register
- None of the officers of the company has outstanding ACRA summonses
The Singapore Companies Act requires all Singapore Private Limited companies to have at least one individual director who is ordinarily resident in Singapore. A Singapore resident can be one of the following:
- Singapore Citizen
- Singapore Permanent Resident
- Singapore Employment Pass/Entre Pass/Dependant Pass holder with a residential address in Singapore
Corporate FinEdge can provide a local Singapore resident director to meet the requirements of the Singapore Companies Act. We will act as a local Nominee Director for your company, provided the followings conditions are met:
- The placement is offered for statutory compliance only. The Nominee Director will not be involved in any of the Company operation or business matters or management of the Company.
- The Company must appoint one or more individuals to be the directors and responsible for running the company operations.
- Execution of our Nominee Director Indemnity Agreement.