Can You Really Handle the Deregistration of a Singapore Pte Ltd on Your Own?

Can You Really Handle the Deregistration of a Singapore Private Limited Company on Your Own?

In today’s globalized business environment, Singapore has become a top destination for international investors due to its stable economy, strategic geographical location, and pro-business policies. However, every company has a lifecycle, and not all businesses are meant to operate indefinitely. When a Singapore Private Limited Company decides to cease operations, the deregistration process becomes an unavoidable step.

Many people assume that since the company is no longer active, deregistration should be as simple as submitting a few forms to the relevant authorities. In reality, the process is far more complex than most anticipate. So here’s the question Can you really handle the entire deregistration of a Singapore Private Limited Company by yourself?

1. Basic Methods of Company Deregistration in Singapore

According to the Accounting and Corporate Regulatory Authority ACRA, there are two main ways to deregister a company

1. Voluntary Winding Up

2. Striking Off the Register Administrative Deregistration

The striking off method is suitable for companies with no debts, which have ceased operations and have a simple asset structure. On the other hand, voluntary winding up is required when the company still holds unliquidated assets or liabilities. The former involves a relatively straightforward procedure, while the latter requires hiring a licensed liquidator to oversee the process.

2. The Hidden Requirements Behind Seemingly Simple Striking Off

Many small business owners opt for administrative striking off because it doesn’t require shareholder meetings or complex liquidation procedures. However, this approach comes with several conditions

The company has never started business operations, or has ceased operations at least three months prior to the application.

There are no outstanding debts.

All shareholders agree to the deregistration.

The company is not involved in any legal proceedings.

No assets are under lien, mortgage, or trust arrangements.

Additionally, applicants must ensure that all tax obligations have been fulfilled. This includes filing final tax returns with the Inland Revenue Authority of Singapore IRAS and obtaining a Tax Clearance Letter. If the company has requested tax filing extensions in the past five years or has unpaid taxes, the application may be rejected.

3. Real Case Studies Risks of DIY Deregistration

Recent media reports highlight cases where SME owners attempted to deregister their companies independently but failed. For example, in August 2025, a Chinese entrepreneur tried to submit a deregistration request through ACRA’s website but was repeatedly rejected. The reason? He had overlooked a minor outstanding payment to a supplier-an oversight sufficient to halt the entire process.

Even more serious consequences can arise if a company attempts to deregister without proper liquidation. In late 2025, a company director was fined SGD 10,000 by a Singapore court for applying to strike off a company with unresolved debts, which constituted an attempt to evade legal responsibility.

These real-life examples demonstrate that even experienced entrepreneurs can make critical mistakes during the deregistration process, leading to unnecessary complications.

4. The Value of Professional Services Should Not Be Underestimated

Although Singapore provides a transparent online system for both registration and deregistration, this does not guarantee smooth execution for everyone-especially foreign entrepreneurs unfamiliar with local regulations. Professional legal or accounting firms can offer the following support

Assessing whether the company qualifies for deregistration

Assisting with unresolved financial and tax matters

Preparing compliant documentation

Tracking application progress and addressing unexpected issues

Many local accounting firms and business service providers offer one-stop deregistration services, typically priced between SGD 500 and SGD 2,000. Considering the potential risks and time investment involved, this cost is often well justified.

5. DIY Is Possible-but Proceed with Caution

Technically speaking, it is possible to complete the entire deregistration process independently-if you possess a solid understanding of legal and financial matters, have full knowledge of your company’s operational history, and are willing to invest time studying ACRA and IRAS guidelines.

However, in practice, many entrepreneurs decide to close their companies due to business difficulties or new ventures. They prefer to wrap up old affairs quickly rather than get bogged down in complex procedures. In such situations, seeking professional help is often the more efficient option.

Conclusion

Deregistering a Singapore Private Limited Company is not merely a routine administrative task-it is a multifaceted process involving legal, financial, and tax-related considerations. While it is technically feasible to carry out the process independently, doing so without adequate experience or support carries significant risks.

Instead of risking costly mistakes, it is wise to assess your own capabilities realistically. When necessary, enlist professional assistance to ensure a smoother, more secure, and efficient deregistration process.