Closing Down Made Simple
Focus on the Future – Let Us Handle the Closure
Professional services for closing down companies in Singapore, ensuring a smooth, compliant, and stress-free process.
Simplifying Your Business Closure
Running a business in Singapore comes with numerous responsibilities, especially when it comes to staying compliant with corporate regulations. At Xignam, we are here to take the stress of compliance off your shoulders with our professional Company Secretary services.
From ensuring timely filings to maintaining statutory records, we provide comprehensive solutions tailored to your business needs. Whether you’re a budding startup or an established enterprise, our expertise and commitment to excellence make us the partner you can rely on to keep your company legally sound and fully compliant.
Let us handle the complexities, so you can focus on what truly matters – growing your business.
Hear From Actual Xignam Clients
Closing Down Company Services We Offer:
- Company Deregistration: Assistance with striking off dormant companies from ACRA's register.
- Liquidation Services: Comprehensive support for voluntary or compulsory liquidation processes.
- Tax Clearance: Managing final tax filings and obtaining clearance from the Inland Revenue Authority of Singapore (IRAS).
- Final Account Preparation: Preparation and submission of final financial statements for compliance purposes.
- Creditors’ Meetings: Organizing and facilitating meetings with creditors during the closure process.
- Regulatory Filings: Ensuring all statutory documents are filed with ACRA and other authorities.
- Settlement of Outstanding Obligations: Assistance with settling unpaid debts, payroll, or supplier obligations.
- Dissolution of Business Entities: Streamlining the closure of subsidiaries, branches, or partnerships.
- Let us handle the technicalities and legalities, so you can close your business efficiently and with peace of mind.
Who Needs Closing Down Company Services in Singapore?
Whether you’re shutting down a dormant company, ceasing operations, or liquidating assets, closing a business in Singapore involves strict legal and regulatory compliance. Our professional Closing Down Company Services are designed for business owners who want a seamless, efficient, and worry-free process, ensuring all statutory obligations are met with ease.
Why Choose Xignam as Your Closing Down of Company Service?
Proven Expertise
Our team of experts brings years of experience in handling company closures across various industries in Singapore.
We understand the complexities of legal, financial, and regulatory requirements, ensuring your business closure is fully compliant and hassle-free. With Xignam, you can trust that every detail will be managed professionally.
Tailored Solutions
No two companies are the same, and neither are their closure processes. We offer personalized services that align with your business type, whether it’s a dormant company, active entity, or one facing financial challenges.
Our flexible solutions are designed to address your specific needs, ensuring a smooth and efficient transition.
Efficient Process
Delays in the closure process can lead to unnecessary costs and complications. At Xignam, we prioritize efficiency, ensuring all tasks—deregistration, tax clearance, and regulatory filings—are completed promptly.
Our structured approach saves you time and minimizes disruptions, so you can move forward confidently.
Transparent Pricing
We believe in clear communication and straightforward pricing. With Xignam, you’ll receive a detailed breakdown of costs upfront, with no hidden fees or unexpected charges.
Our competitive rates ensure you get high-quality services without exceeding your budget.
Our Company Closure Process at Xignam
We follow a structured, step-by-step approach to ensure your company closure in Singapore is smooth, compliant, and efficient:
Our Credentials & Media Features
Who We Help
Dormant Companies
Startups, New, Small, and Medium Enterprises
Foreign-Owned Companies and Subsidiaries
Non-Profit Organizations
About Us
Xignam’s all-encompassing service model positions us as the leading experts for those seeking to relocate to Singapore, whether for business incorporation, Immigration, or investment.
Xignam is derived from the Latin word Signum which means “seal of approval” and we are accredited by the Singapore Ministry of Manpower (MOM) and the Accounting & Corporate Regulatory Authority (ACRA).
Frequently Asked Questions
Closing a company involves several steps, including resolving outstanding obligations, preparing final accounts, filing tax clearance with IRAS, and submitting the necessary documents to ACRA for deregistration or liquidation.
Striking off is a simpler process for dormant or inactive companies with no liabilities, while liquidation involves selling off assets to pay debts and is necessary for companies with creditors.
The process typically takes 5-6 months for striking off, but it may take longer for liquidation, depending on the company’s complexity and outstanding obligations.
Documents include financial statements, tax clearance from IRAS, board resolutions, creditors’ agreements (if applicable), and other statutory filings with ACRA.
No, all debts and liabilities must be settled before the company can be closed. If the company cannot pay its debts, liquidation may be necessary.
Yes, tax clearance from IRAS is required to ensure there are no pending tax liabilities before the company can be deregistered or liquidated.
Yes, with the help of professional services, a foreign-owned company can close its Singapore entity remotely. We manage the entire process on your behalf.
The company’s bank account must be closed as part of the winding-up process after ensuring all financial obligations have been met.
Costs vary depending on whether the company is being struck off or liquidated. They include professional fees, filing charges, and any costs related to settling obligations.
Hiring a professional ensures a seamless, compliant, and stress-free process. We handle all legal, tax, and regulatory requirements, saving you time and avoiding potential errors or penalties.
Don’t Risk Costly Errors, Delays, or Compliance Issues During Closure. Discover How You Can LEGITIMATELY & EASILY Close Your Company in Singapore with Xignam – For Free!
At Xignam, we specialize in simplifying the often complex and stressful process of closing down a company in Singapore. Whether you’re winding down a dormant business, shutting down operations, or navigating the challenges of liquidation, our proven expertise and track record will ensure a smooth and fully compliant closure.
But we understand you might have questions or uncertainties before getting started. That’s perfectly normal!
Simply claim your free Xignam Company Closure Consultation (worth $500) below, and we will:
- Evaluate your company’s current status and identify the most suitable closure method, whether striking off or liquidation.
- Uncover any outstanding obligations and provide actionable steps to resolve them efficiently.
- Guide you through the tax clearance process and ensure all final filings with ACRA and IRAS are accurate and on time.
- Clarify the entire closure process, including timelines, required documents, and compliance requirements.
- Explain how Xignam’s services have successfully helped over 500 companies in Singapore close down their businesses seamlessly.
- Provide tailored recommendations to help you avoid risks and complete the process as efficiently as possible. Don’t let the complexities of closing a company overwhelm you. Take the first step towards a smooth, hassle-free closure with Xignam today!