DORMANT COMPANIES · SINGAPORE

Accounting & tax for dormant and inactive companies.

A company with no trading activity does not disappear from ACRA or IRAS. We keep its annual return, tax position, statutory records and officer requirements under control, while watching for small receipts that can change dormant status.

The challenges we see in Dormant Companies.

Assuming no sales means no annual return or company-secretary work
Confusing ACRA dormancy, tax dormancy and an approved IRAS waiver
Bank interest or one-off receipts unexpectedly changing tax status
Old balances, share records and director accounts left unresolved
Restarting without notifying IRAS or rebuilding proper records

How we help dormant and inactive companies.

WHAT TO WATCH FOR

Compliance notes for Dormant Companies.

  • ACRA still requires an annual return while a company is live, even if dormant or holding an IRAS tax waiver.
  • For IRAS, a dormant company carries on no business and receives no income for the whole basis period; bank interest changes that status.
  • An IRAS waiver must be approved; without it, the dormant company generally still files a tax return.

Typical setup

A live Pte Ltd with no operations, few bank movements, an appointed secretary and historical balances supportable until reactivation or closure.

Recommended: Essentials

from$90/mo

Essentials matches the low transaction load while covering recurring company and tax obligations.

See packages

Dormant Companies accounting — common questions.

Does a dormant company file an ACRA annual return?

Yes. Every live Singapore company files an annual return, including inactive companies and those with an IRAS waiver.

Does a dormant company still file corporate tax?

Generally yes through the dormant-company process unless IRAS has approved a filing waiver.

Can a company with bank interest be dormant?

For IRAS purposes, receiving interest means it had income and is not dormant for that basis period.

What happens when business restarts?

After a waiver, notify IRAS within one month of restarting or receiving income and restore accounting records.

GUIDES & TOOLS

Useful next steps for dormant and inactive companies.

Other industries we serve.

Run dormant and inactive companies? Let's talk.

Book a free consultation and we'll map out exactly how we keep your books and filings clean — and recommend the right package.