Achi Biz > FAQs > Compliance To Company > Can dormant company be exempted from preparing financial statements (FS)?

Can dormant company be exempted from preparing financial statements (FS)?

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Can dormant company be exempted from preparing financial statements (FS)?

Yes, if the dormant company is unlisted, is not a subsidiary or a listed company, and the company’s total assets is not more than S$500,000, the company is exempted from preparing financial statements (FS) even if it is insolvent.

Can dormant company be exempted from preparing financial statements (FS)?

Can dormant company be exempted from preparing financial statements (FS)?

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