Winding down a business

There are different ways to close a business, depending on its business structure:

Sole Proprietorship/Partnership
File for Cessation of Business on BizFile+. If it is GST-registered, the business owner must cancel the GST registration with Inland Revenue Authority of Singapore (IRAS).

Limited Partnership
File for Cessation of Limited Partnership on BizFile+. However, under certain circumstances (eg: discontinuation of partnership, death or bankruptcy of partners, by order of court), you can file for a dissolution instead.

Limited Liability Partnership or Company
Apply for Accounting and Corporate Regulatory Authority (ACRA) to strike off your LLP or Company’s name from its Register. However, under certain circumstances (eg: shareholder dispute, corporate restructuring), you can choose to liquidate the business instead.

Learn more about it at ACRA’s website.

e-Services for winding down a business

Accounting and Corporate Regulatory Authority (ACRA)

Apply for Striking-Off
Submit an application to strike off your company’s name from ACRA’s register.
Declaration of Solvency
Declare your company’s ability to pay its debts, in full, within 12 months after winding up commences.
Notice of Winding Up Order and Particulars of the Liquidators
Inform ACRA about your company’s intention to wind up and provide details of the appointed liquidator.
Notice of an Appointment of a Receiver or Receiver and Manager
Inform ACRA about the appointment of an Official Receiver and/or Judicial Manager.
Notice of Application for Judicial Management Order
Inform ACRA about your company’s application for a judicial management order.
File Cessation of Business
Inform ACRA that your business operations have ceased. This service is for sole proprietorships and partnerships.
File Cessation Notice for Limited Partnership
Inform ACRA that your business operations have ceased. This service is for limited partnerships.
Dissolution of Limited Partnership
Lodge a dissolution of your limited partnership.