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Dormant

Definitions

Are you a dormant company?

- No sales
- No purchases
- No other transactions like Hire purchases, printing, advertising...
- Paying for bookkeeping, corporate secretarial fee, fines to ACRA is allowed.

ACRA's definition: Click here

Must a dormant company file its accounts?


Status of
company
Revenue less
than $5M?
Exempt
Private?
Exempt from
audit
Solvent? Lodge FRS
with ACRA?
File Form C
IRAS?
Active Yes Yes Yes Yes No Yes
Active Yes Yes Yes No Yes Yes
Dormant NA Yes Yes Yes No Yes, unless
waiver is
received.
Dormant NA Yes Yes No Yes Yes, unless
waiver is
received.

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