Insolvency Practitioner's Licence (IP)
Apply for Insolvency Practitioner’s Licence (IP)
Ministry of Law (MINLAW)
For Individual Users only
This licence is only for individuals with no Unique Entity Number (UEN).
Application Details
Application to hold an insolvency practitioner's licence to undertake insolvency or debt restructuring work in Singapore.
Contact details
You may contact the Licensing Officer via the following modes:
- Contact Us @ OneMinLaw
- Call 1800 2255 529 (Airtime charges may apply to calls made from mobile phones to '1800' local toll-free numbers.)
- For overseas callers, please use +65 6225 5529
- Mail to 45 Maxwell Road, #07-11. The URA Centre (East Wing), Singapore 069118
Resources
- Insolvency, Restructuring and Dissolution Act 2018
- Insolvency, Restructuring and Dissolution (Insolvency Practitioners) Regulations 2020
- What is the validity of the licence?
A new insolvency practitioner's licence remains in force until 30 June of the third year following the year in which the licence was granted.For example, a licence that is granted on 1 July 2020 will expire on 30 June 2023 (i.e. 2020 + 3 years).
- How do I log in to GoBusiness to apply for an insolvency practitioner's licence if I do not have a Singpass account as a foreigner?
Foreigners without a Singpass account can request for a foreign user account to submit their licence application. - How long does it take for my application to be processed?
Depending on the complexity of the application, Minlaw may take about 2 to 3 weeks to process your application. Please note that the processing time may take a longer time if the application or supporting documents submitted are not in order. - Curriculum Vitae
Proof of relevant work experience and curriculum vitae (excluding previous appointments and work experience in members’ voluntary winding up or schemes of arrangement).
File format: doc, docx, pdf, jpg, gif, png, bmp
Maximum upload per application: 7 MB - Professional Accreditations
Documentary proof evidencing that you are a qualified Accountant or Solicitor.
File format: doc, docx, pdf, jpg, gif, png, bmp
Maximum upload per application: 7 MB - Professional Membership(s)
Documentary proof evidencing your membership in any local/foreign professional bodies relating to your qualification
File format: doc, docx, pdf, jpg, gif, png, bmp
Maximum upload per application: 7 MB - Relevant Work Experience
Other documentary proof evidencing your work experience to be eligible for the grant or renewal of a licence. For e.g. Court Orders, Resolutions etc.
File format: doc, docx, pdf, jpg, gif, png, bmp
Maximum upload per application: 7 MB - Details of Declaration(s)
Documents relating to declaration(s) which you have stated "Yes" under the declaration page
File format: doc, docx, pdf, jpg, gif, png, bmp
Maximum upload per application: 7 MB - Others
Any other documents which you wish to provide
File format: pdf, jpg, gif, png, bmp
Maximum upload per application: 7 MB - Solicitor;
- Public Accountant; or
- Chartered Accountant.
FAQs
Fee
Application fee (strictly non-refundable) of $650.00 (for New Application) or $600.00 (for Renew Application)
Documents Needed
Requirements
Section 50(3) of the Insolvency, Restructuring and Dissolution Act 2018 ('IRDA') requires an applicant to be a 'qualified person' who is a:
You must also fulfil the other requirements imposed by the Licensing Officer. For more details, please refer to Minlaw's website.
Note:
"Solicitor" means an advocate and solicitor of the Supreme Court.
"Public accountant" means a person who is registered or deemed to be registered in accordance with the Accountants Act (Cap. 2) as a public accountant.
"Chartered accountant" means a person who is registered or deemed to be registered as a Chartered Accountant of Singapore under the Singapore Accountancy Commission Act 2013.