Liquidation of a company refers to the process by which a company that has reached the end of its life is formally closed 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 liquidating companies 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.