To close a Singapore company, should I use strike off or winding up?

Generally, a company that has stopped operating and has no assets or liabilities is closed by strike off, while a company with debts to pay or assets to dispose of is closed by winding up. Strike off is simpler and costs less.

A strike off application can be made only if all of the following requirements are met.

• The company has ceased business or has not started business since incorporation
• No outstanding amounts or unresolved matters with government agencies
• No registered charges
• No ongoing litigation or regulatory proceedings in Singapore or overseas
• No assets or liabilities, and no possibility of future claims
• All directors or a majority of directors agree to the strike off

Before applying, corporate income tax must be filed and paid, and any remaining tax credit must be cleared. For applications made on or after 20 October 2026, it takes at least 2 months from ACRA approval until the company is struck off.

Lee Kim Alliance provides a winding up and strike off service.

As of November 2026, source: ACRA, ACRA