UAE SERVICES

Company Liquidation in Dubai

Company Liquidation Services in UAE:

With FCS Business Accomplish the procedures of company liquidation in Dubai without extra efforts with Absher. Our experts are dedicated to handling every detail, ensuring a hassle-free experience for you.

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Reasons For Liquidation of a Company

 

  • Purpose Fulfillment

  • Accumulated Losses

  • License Expiry

  • Partners Decisions

  • Insolvency

  • Court Order

  • Mergers and Acquisitions

Types of Company Liquidation in Dubai

  • Voluntary Liquidation for solvent companies closing their operations.

  • Compulsory Liquidation for companies that are insolvent or unable to meet their financial obligations or have got a court order for liquidation.

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Importance of Proper Liquidation

To avoid future legal complications and ensure a smooth transition, proper liquidation is required, and that’s what our experts provide; they have deep knowledge of the proper steps that make this process transparent and straightforward.

 

Key Steps in the Company Liquidation Process in UAE with FCS

  • Notification to Authorities: Submitting a notice to the relevant authorities explaining the reasons for liquidation.

  • Ratifying the Liquidation Decision: Partners personally visit the concerned authorities to certify the liquidation decision.

  • Publishing Liquidation Notices: Announcing the initiation of the liquidation process through advertisements in local Dubai newspapers.

  • Obtaining Approvals: Securing necessary approvals from related departments to ensure a smooth process.

  • Final Report Preparation: Preparing and submitting a final liquidation report by a qualified auditor in Dubai.

Woman explains with steaky notes

License Cancellation

License cancellation is a critical step in liquidation and varies by company type. FCS ensures a smooth process, handling all requirements. For sole proprietorships and establishments, the license is canceled through the Department of Economic Development. We assist in obtaining approvals from:

  • Ministry of Human Resources and Emiratisation

  • General Directorate of Residency and Foreigners Affairs

  • Landlord or leasing entity

  • Relevant government authorities (if applicable)

UAE Dubai

Required Documents for Company Liquidation in the UAE

To successfully complete the company liquidation process, Absher guides you through the submission of essential documents to the relevant government authorities which include:

  • Original trade license of the company.

  • Memorandum of association and its amendments (if any).

  • Certificate of incorporation and share certificates.

  • Lease agreement.

  • Company resolution for dissolution and liquidation, and partners’ resolution stating no liabilities.

UAE

What can FCS Do in Company Liquidation in the UAE?

The following steps are our proven methods for company liquidation in the UAE:

  • Providing legal and financial consultation.

  • Assisting in the preparation and completion of all required documents.

  • Coordinating with relevant government authorities.

  • Managing the liquidation announcement and publishing required notices in local newspapers.

  • Supporting the liquidation of assets and the settlement of debts and other financial obligations.

  • Guiding the distribution of remaining assets per the company’s bylaws and applicable laws.

  • Offering post-liquidation support.

FCS guides you every step of the company liquidation process, helping you overcome the complex procedures. Get in touch with us now and ensure a smooth, efficient liquidation handled by our expert team.

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