Question: Is Annual Return Mandatory for All Singapore Companies?

Answer: Yes, all registered private limited companies in Singapore, whether dormant or active, are required to file annual returns.


Question: When Should First-Year Companies File Their First Annual Returns?

Answer: First-year companies must file their first annual returns within 18 months from the date of incorporation.


Question: Are Audit Reports Required for Annual Returns?

Answer: Not all companies need audit reports. Companies meeting any two of the following criteria in the previous financial year require audits:

1.Annual turnover exceeds SGD 10 million
2.Total assets exceed SGD 10 million
3.Employ more than 50 employees


Question: What Are the Consequences of Late Annual Returns Filing?

Answer: Late filing incurs penalties starting from SGD 300 per month. Persistent non-compliance may lead to directors facing court proceedings.


Question: Can Companies Apply for Extension in Filing Annual Returns?

Answer: Yes, companies can apply online to ACRA for a maximum two-month extension before the due date.


Question: Can a Company Close Without Filing Annual Returns Close to the Deadline?

Answer: Yes, a company can close directly provided it has ceased operations entirely.


Established in 2011, Singapore Skyline Business is a comprehensive international business registration and company management service provider. As a registered and reputable business entity with the Ministry of Manpower in Singapore, we specialize in services ranging from family office establishment, GIP investment immigration, company registration, work permit applications, to later-stage PR applications. Feel free to contact us via WeChat (WeChat ID: Skyline-Ng) or WhatsApp us at +65-91328885 for a free consultation.