We take care of your Dormant Company’s filings

We take care of your Dormant Company’s filings

We make sure your Dormant company stays compliant without bothering you and for the minimum cost

Talk to an expert Talk to an expert
We take care of your Dormant Company’s filings
  • ACRA registered filing agent
    FA20170653
  • Xero Platinum Partner
    Xero
    Platinum Partner
  • Institute of Singapore Chartered Accountants
    Our accountants are certified by ISCA
  • MOM Employment Agency License
    License No. 19S9930
  • Infocomm Media Development Authority
    Pioneers of Cloud Community Network

Are you actually dormant?

Singapore government has a very specific definition of what it means:

No money in

You’re not generating income: no sales, investments, etc

No money out

You have no expenses: no salaries, dividends, etc., except the statutory ones — Corporate Secretary, registered office, fines.

Not listed,
limited assets

Your company is not listed, you're not a subsiduary of a listed company, and your assets are under S$500,000 (consolidated if you're the parent of a holding company)

Do you have just a couple of transactions?

If you don’t match the requirements above (even a little bit!), you have to submit full reports :(

We have a package just for you We have a package just for you

Why do I have to report anything if I’m Dormant?

  • Tax return

    Tax return

    You are required to submit a nil one even when you have no income

  • Annual Filings

    Annual Filings

    Corporate Secretary Routine
    You don’t have to hold the Annual General Meeting, but you need to report that you’re still Dormant

  • Management Reports

    Management Reports

    Accounting Routine
    Including Balance Sheet and P&L even if you don’t have transactions

We take care of all the routines

  • 1

    We get all the compliance covered

    We provide Corporate Secretary, Accounting, and Tax routines making sure you stay within deadlines and away from fines.

  • 2

    We don’t bug you with questions

    We’re going to reach out to you once to sign you up, then once again by the end of the financial year. The rest is automated.

  • 3

    We’ll charge a small fee once, that’s it

    Our pricing is simple and straightforward, all fees and necessary services included. No extra charges out of the blue.

  • I’m Dormant

    Fully compliant with ACRA and IRAS definition

    Sleeping
    beauty

    1 year package

    S$600

    • Unlimited Corporate Secretary package
    • Dormant Tax Filing
    • Dormant Accounting
    • All associated government fees
  • I’m Almost Dormant

    Just a few transactions a year, that’s it

    Suuuuper
    Lean

    1 year package

    S$1,000

    • Essential Corporate Secretary package
    • Accounting Package for 60 transactions/y
    • XBRL Highlight
    • Unaudited Financial Statements
    • Estimated Chargeable Income
    • Tax Filing
    • Management Reports
    • All associated government fees
  • I found Osome on Friday and on Monday morning everything was ready. It was fantastic!

    John Lim

    John Lim
    Artac Pte. Ltd.

  • Everyone is super responsive and nice, and the price is 10 times less than their competitor’s offer!

    Ivan Zeljkovic

    Ivan Zeljkovic
    Evans Media Pte. Ltd.

  • I manage my own two companies via the platform. I've been very satisfied and recommend Osome to all my friends.

    Vlad Shchelkunov

    Vlad Shchelkunov
    BTTR holdings Pte. Ltd.

  • I love the app, it's so easy to use and means I can talk to them at any time, day or night (often night when you have babies!)

    Harriette Foulkes-Arnold

    Harriette Foulkes-Arnold
    We are Contented Pte. Ltd.

  • I ended up signing my documents while I was on the metro! It is impressive how fast and responsive they are!

    Randeep Sudan

    Randeep Sudan
    Multivertz Pte. Ltd.

4.7 out of 8 reviews

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Q&A

  • What’s a dormant company?

    Your company becomes dormant if you haven’t had any transactions or income for a year. The year, in this case, is your tax evaluation period, not a calendar one.

  • What are my responsibilities with a dormant company?

    You still need to submit your annual tax return, that’s how IRAS (tax authority) knows you are actually dormant. You also need to hold an Annual General Meeting (AGM). You don’t have to gather physically, releasing necessary documents is enough.

  • How do I apply for Dormant company?

    The procedure to notify the Authorities (ACRA & IRAS) about your company’s dormancy status is, in essence, preparing your annual filings accordingly. The most important part is to make sure that you comply with the requirements for Dormant of each authority. When providing this service, we make sure that all the requirements are fulfilled and take care of the filings.

  • What does the process look like?

    When the time comes for your annual filings and AGM preparation, we’ll send you all documents in a chat. You don’t have to keep these deadlines in your mind.

  • Can I use my dormant company again later?

    Sure, you just need to inform IRAS within a month after you go back to business. We’ll do that for you.

  • Why would I keep a company Dormant if I can close it?

    If you want to close down your Singapore business, we can assist you to strike it off. However, if you do not rule out that you might use this company again, consider keeping it Dormant. It makes sense if you have a brand name, licenses or patents related to it. You can also use it to strategically hold investments in Singapore, however, you may not derive income from them.

  • How to file for annual return for a dormant company?

    File your annual return, or income tax returns, for your dormant company using Form C-S or Form C for Dormant Company online through the e-Service at mytax.iras.gov.sg e-Filing. Your company’s director, company secretary, or registered filing agent can do this annual return filing for you. If you want to do it yourself, make yourself an “Approver” through CorpPass.

    You can also apply to IRAS for a waiver to be exempted from filing an annual return.

    Check if you qualify:

    • All financial statements and taxes for when the company was active have been filed
    • Your company does not own any investments that generate revenue or income;
    • You don’t intend to carry out any business transactions for the next two years
    • You have de-registered for Goods and Services Tax (if you had registered for it)

    Additionally, you don’t have to prepare financial statements from ACRA if you fulfil these three things:

    • Your company is not a listed company or a subsidiary of a listed company
    • Your company holds no has less than S$500,000 in assets
    • Your company has been Dormant since the formation of the end of its previous financial year.
  • How to file for annual return for a dormant company?

    First of all, check if you need to file your dormant company accounts with IRAS.

    You can apply for a waiver from IRAS if:

    • All of your financial statements and taxes for the company since it was active have been filed
    • There are no investments that generate revenue or income in your company;
    • There is no intention of carrying out any business transactions for the next two years
    • If your company registered for the Goods and Services Tax, de-register from it.

    Next, check if you need to file your accounts with ACRA. If your company fulfils these three requirements, you won’t have to do so:

    • Not a listed company or a subsidiary of a listed company
    • Holds less than S$500,000 in assets
    • Dormant since the formation of the end of its previous financial year.
  • Can a dormant company hold assets?

    Yes, it can. However, the assets of your dormant company cannot exceed S$500,000.

It takes 3 minutes to get your paperwork in order

All you need to do is sign up. We’ll answer questions and take over documents straight away.

I’ll try I’ll try
Your paperwork in order
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