Easy Dormant Company Registration in Singapore
Looking to become a Dormant Company in Singapore? Our professional assistance makes the registration process seamless and hassle-free. A Dormant Company doesn’t engage in active business operations. Benefit from our comprehensive support, including specialized Accounting Services, Tax Services, and Corporate Secretary solutions tailored for dormant companies in Singapore. Trust us to efficiently handle your company’s dormant status while ensuring compliance. Start your journey towards dormancy with ease today!
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We have offer other services to help you business in Singapore
About Dormant Company
What is Dormant Company ?
A dormant company in Singapore is a registered business entity with no active business activities, accounting transactions, or expenses exceeding S$5,000. Opting for a dormant company registration can be a smart choice if you plan to venture into business in the future, as it involves fewer obligations than other types of companies. Even if you already own a business, you can apply to convert it into a dormant company.
Applying for dormant company status can be a lengthy process, but with ForBis, you can save yourself the hassle. Our expert team can handle the entire company dormancy service on your behalf. From gathering the necessary information to filing and submitting documents, we’ve got you covered. Throughout the process, we’ll keep you well-informed, providing utmost care and support at every step of your journey. Ease your burden with the expertise of our experienced team – just one click away from your dormant company registration in Singapore.
The Requirement
What are the steps of applying to become a dormant company?
The first step in applying to become a dormant company is notifying ACRA and IRAS. After both authorities have been notified, we will then assist you in preparing your company’s annual inspection documents. The most essential aspect in this step is ensuring that your company fulfills the requirements from ACRA and IRAS for dormant status.
Submitting annual return to ACRA
Although dormant companies are exempt from preparing financial statements and holding actual general meetings, a dormant company would still need to prepare management accounts for approval at the company’s AGM.
Filing a company tax return with IRAS
Once your company has been declared a dormant company, you can apply for exemption from the obligation to file a tax return to IRAS.
SG Corporate Secretary
Why you must choose us?
Hassle-free. Clear transparent pricing
ForBis believes in providing client-centric solutions–we charge you ONLY for the work you need us to do. You don’t have to worry about us raising prices when your revenue or profitability grows – we won’t ask you to share the fruits of your labour.
A Personal Touch
We believe in the human touch. You don’t have to worry about having to talk to a chatbot or going through “smart/interactive” answer machines. Being able to easily reach out to a HUMAN will SAVE you much frustration and stress.
No Wrong Door Policy
A client success officer is attached to every client – you don’t have to worry who to ask regardless of the nature of your question/concern. We’re also easily reached through emails, company Whatsapp or through the company hotline.
Experienced in Multibusiness
With 7 years under our belt, ForBis is ready to be your trusted partner in providing support and solutions for your business. Our company strives to deliver customised services that will take your business to the next level.
Dormant Company Service
What the services will included when using our services
ForBis Dormant Company Plan
S$400/financial year
- Company Secretary Support *
- Accounting and Tax Services
*)company secretary service included S$60 annual return filling fee
Use our Dormant Company Services, we are ready to serve/help you
Are you confused about choosing a partner to manage all your business financial activities? Do you want to get more service than others? Immediately discuss with us to solve the problems you have,
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Frequently Asked Questions
What if my dormant company reopens for business?
Once your dormant company resumes its business and receives income, you will need to notify IRAS within 1 month after receiving the income. You will then continue filing an income tax return.