How difficult is it to close a Singapore company?
Companies can be terminated either by “Liquidation/Winding Up” or “Striking Off”. Generally, striking-off is a less time consuming, less expensive and easier procedure than the liquidation process. However, there are certain conditions that the company has to satisfy in order to qualify for being struck off. The process takes anywhere between 3-6 months, depending on the complexities involved. Refer to Closing a Singapore Company for more detailed information.
Companies can be terminated either by “Liquidation/Winding Up” or “Striking Off”. Generally, striking-off is a less time consuming, less expensive and easier procedure than the liquidation process. However, there are certain conditions that the company has to satisfy if it wants to be struck off. The process takes anywhere between 4-8 months, depending on the complexities involved. Refer to Closing a Singapore Company for more detailed information.
