The Singapore company deregistration process is as follows:
1.Self-check whether the company has not paid fines, failed to solve taxes, legal matters and other issues. If so, fix the problem before logging out.
2.Preparation of the company's financial statements, including bills, bank statements, purchase and sale contracts, etc. These documents are the materials that must be provided during the cancellation process.
3.Submit the deregistration resolution, financial statements, certificate of incorporation, etc. to the Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS) to apply for deregistration.
4.*The department will conduct a one-month review and issue an acceptance letter. If approved, you will proceed to the next step.
5.Enter a 3-month announcement period. During this period, the relevant creditor-debtor and the rights holder may raise objections. If there is an objection to the deregistration, the relevant issues need to be resolved before the deregistration process can proceed.
6.If there is no objection during the publicity period, the company status will be changed to struck off, and the cancellation will be completed.
It is important to note that if the company has unresolved debts and tax issues before the deregistration, it may lead to the failure of the deregistration and even incur fines and legal action. Therefore, it is necessary to self-check and solve relevant problems before canceling. In addition, there are costs associated with deregistering the company. The exact amount of the fee depends on the size of the company and the complexity of the business.