Company Liquidation Services in Dubai

 

Company Liquidation Services in Dubai

We offer company Liquidation services as part of our PRO Services, according to the Law, to liquidate an LLC company you should appoint a chartered accountant to prepare the accounts for liquidation, Besides Notarizing a liquidation agreement, And all partners should sign it in front of Notary public in Dubai, Additionally you should publish an advertisement in Local newspapers, Besides preparing many other documents for submission to the government departments.

Without the right guidance and follow up, company liquidation may take several months to be completed, Usually selecting the right kind of liquidation will save your time and cost, Additionally, we can offer you alternative solutions based on our experience in Dubai and UAE.

 

What Clearances needed for LLC Company Liquidation?

It is quite easy to cancel your license but it still depends on what form of company you possess. The Sole establishments have it easy because of the simple process that they only need to do, which is to merely apply through the Department of Economic Development (DED) for cancellation of their business.

There are clearance forms that you should obtain from the concerned departments, it includes the following:

  • DEWA or any relevant water and electricity authority
  • Ministry of Human Resources and Emiratisation
  • the leasing entity etc.
  • Directorate of Residency and Foreigners Affairs
Company Liquidation Services

According to the commercial law of the United Arab Emirates (UAE), liquidation of the company will apply in the following cases :

  • If the majority of the shareholders decide to liquidate the company
  • And if the company suffers insolvency, which causes accumulated loss that is greater than half of the capital
  • Or if there is a court ruling to dissolve and liquidate the company
  • Voluntary liquidation, if the shareholders decide not to continue operations
 
 
 
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