Company Liquidation/Winding Up
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Company Liquidation/Winding Up
Liquidation of a company refers to the process by which a company that has reached the end of its life is formally closed to its activities. In the UAE, at the end of liquidation, the authority will cancel the trade license of the company and issue a cancellation certificate.
We assist you in windingUp in,
- Main land companies
- All the Free Zones
Liquidation Procedure
We have highlighted here some main procedures. There are plenty of sub procedures that can be done with the help of the liquidator.
- Making a statement of solvency
- Passing a Resolution
- Delivering to Legal Registrar
- Appointment of liquidator
- Newspaper advertisement
- Clearance letter from service providers and others
- Closure letter from the bank
- Liquidator Report and Closed Audit Report
- End of Liquidation
Authority will issue the final cancellation certificate and remove the trade name from the commercial register.
