Insolvency Practitioner Licence (IP)

Apply for Insolvency Practitioner Licence (IP)

Ministry of Law (MINLAW)

For Individual Users only

This licence is only for individuals with no Unique Entity Number (UEN).

Apply on GoBusiness Licensing

Application Details

Application to hold an insolvency practitioner's licence (new) to undertake insolvency or debt restructuring work in Singapore.

FAQ

1. What are the criteria to hold an insolvency practitioner's licence?
   In order to be eligible to apply for an insolvency practitioner's licence, you are first required to be any of the following:
   a. Solicitor;
   b. Public accountant; or
   c. Chartered accountant.
   You must also fulfil the other requirements imposed by the Licensing Officer. For more details, please refer to Minlaw's website at https://lripd.mlaw.gov.sg
   

   Note:
   *"Solicitor" means an advocate and solicitor of the Supreme Court.
   **"Public accountant" means a person who is registered or deemed to be registered in accordance with the Accountants Act (Cap. 2) as a public accountant.
   ***"Chartered accountant" means a person who is registered or deemed to be registered as a Chartered Accountant of Singapore under the Singapore Accountancy Commission Act (Cap. 294B).

2. What supporting documents do I need to submit?
   The following documents are required for your application:
   a. Curriculum Vitae;
   b.Information and scanned copies of relevant certifications or valid qualifications such as Practising Certificate issued by the Supreme Court, Certificate of Good Standing issued by ISCA or Certificate of Registration issued by ACRA.
3. How long does it take for my application to be processed?
   Depending on the complexity of the application, Minlaw may take about 2 to 3 weeks to process your application. Please note that the processing time may take a longer time if the application or documents submitted are not in order.
4. What are the fee(s) payable to obtain a new insolvency practitioner's licence?
   An application fee (strictly non-refundable) of $650.00 is imposed to apply for a new insolvency practitioner's licence.
5. How long does a new insolvency practitioner's licence remain valid for after it is granted?
   A new insolvency practitioner's licence remains in force until 30 June in the third year following the year in which the licence was granted.
   For example, a licence that is granted on 1 July 2020 will expire on 30 June 2023 (i.e. 2020 + 3 years).
6. Who can I contact for further details?
   You may contact the Licensing Officer via the following modes:
   a. Contact Us @ OneMinLaw
   b. Fax to 6325 1417
   c. Mail to 45 Maxwell Road, #07-11. The URA Centre (East Wing), Singapore 069118

Additional Information

Fee

Application fee (strictly non-refundable) of $650.00

Documents Needed

• Curriculum Vitae
  Curriculum Vitae
  File format: doc, docx, pdf, jpg, gif, png, bmp
  Maximum upload per application: 5 MB
• Professional Accreditations
  Documentary proof evidencing that you are a qualified Accountant or Solicitor.
  File format: doc, docx, pdf, jpg, gif, png, bmp
  Maximum upload per application: 5 MB
• Professional Membership(s)
  Documentary proof evidencing your membership in any local/foreign professional bodies
  File format: doc, docx, pdf, jpg, gif, png, bmp
  Maximum upload per application: 5 MB
• Relevant Work Experience
  Other documentary proof evidencing your work experiences to be eligible for the grant or renewal of a licence. For e.g. Court Orders, Resolutions, approved liquidator's licence with ACRA etc.
  File format: doc, docx, pdf, jpg, gif, png, bmp
  Maximum upload per application: 5 MB
• Details of Declaration(s)
  Documents relating to declaration(s) which you have stated "Yes" under the declaration page
  File format: doc, docx, pdf, jpg, gif, png, bmp
  Maximum upload per application: 5 MB
• Others
  Any other documents which you wish to provide
  File format: pdf, jpg, gif, png, bmp
  Maximum upload per application: 5 MB