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 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.
