Liquidation is the process of winding up a Company’s financial affairs in order to provide for an orderly dismantling of the Company’s structure, the undertaking of appropriate investigations and the fair distribution of the Company’s assets to its creditors.
This is the detailed legal procedure, the govt regulations are taken care to ensure all stakeholders are being considered at the time of winding up the company in UAE, It can be a complicated and time-consuming process if not handled properly by a reputed agency who knows all procedures, documentation and step to sort it out smoothly.
Our professional liquidation services speed up document filing and assist our clients with managing their statutory obligations as receivers, liquidators, and voluntary administrators.
Why us?
Our specialized services include determining a solution and advise you on objectives such as costs, time and risks to participating as one of the independent third party liquidators for finding a quick-fix solution. During the process we liaison between you and governmental authorities to find an easy and mutually acceptable exit strategy.
We provide Company liquidation services to all type of business i.e mainland, free zone and offshore across the United Arab Emirates including firms under the jurisdiction of Dubai International Financial Centre (DIFC).
As one of the leading liquidators in Dubai with years of experience in the field, we guide companies step-by-step through the liquidation process.
COMPANY LIQUIDATION PROCESS
- Prepare and submit a liquidator’s confirmation to relevant authorities – Appointment of liquidators
- Prepare and submit the report of the liquidator to the concerned authorities;
- Submission of all the original documents to the concerned authorities;
- Organize the audit of the liquidation and preparing company liquidation audit report;
- Cancellation of contracts and identification of liabilities;
- File tax returns (VAT);
- Supervise the maintenance of accounting records;
- Payment of all the dues such as Etisalat and DEWA and other pending expenses;
- Payment of wages and cancellation of visas of all the employees of the company;