In a Nutshell
What is an Inactive Legal Entity?
Inactive Legal Entity Services refer to companies not engaged in business activities, including dormant companies meeting statutory obligations and those undergoing closure.
Singapore Regulation
Inactive legal entities, including dormant companies, must comply with statutory requirements such as filing annual returns and maintaining records, while companies undergoing closure must follow proper procedures under the Companies Act, such as striking off or liquidation.
Problem Statement
Any lack of expertise and understanding in managing its own entity dormancy & closure processes can lead to potential regulatory non-compliance, financial liabilities, and reputational risks for the shareholders and parent company.
Our Services
At BESO, we provide expertise in the dormancy & dissolution of entities and provide advice on the most suitable mode of deregistration.