Company Liquidation
Looking to liquidate your company in Dubai?
Our expert team can streamline the process and ensure compliance every step of the way. Contact us today!
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Company Liquidation Service in Dubai
We comprehend the difficulties and complications that may develop during this vital stage as a top accounting firm with vast experience in company liquidation services in Dubai. Our dedicated team of experts is here to guide you through every step of the company liquidation process in Dubai with complete support and to guarantee a seamless transfer.
When a business’s affairs are satisfactorily concluded, the procedure known as company liquidation marks the end of the company’s operations. Regardless of whether you are considering a member-voluntary, forced, or voluntary liquidation, our staff is equipped to manage every possible situation. We work together with you to achieve the best outcome for your unique situation by offering sage counsel and specialized company liquidation services in Dubai.
The careful review of financial documents, assets, and liabilities is one of the most critical components of corporate liquidation. Our skilled professionals will perform a comprehensive analysis of your business’s financial status while ensuring accuracy, dependability, and legal compliance. Since maintaining transparency and integrity throughout the liquidation process is crucial, we go out of our way to give accurate financial information that can withstand scrutiny.
We comprehend the difficulties and complications that may develop during this vital stage as a top accounting firm with vast experience in company liquidation services in Dubai. Our dedicated team of experts is here to guide you through every step of the company liquidation process in Dubai with complete support and to guarantee a seamless transfer.
When a business’s affairs are satisfactorily concluded, the procedure known as company liquidation marks the end of the company’s operations. Regardless of whether you are considering a member-voluntary, forced, or voluntary liquidation, our staff is equipped to manage every possible situation. We work together with you to achieve the best outcome for your unique situation by offering sage counsel and specialized company liquidation services in Dubai.
The careful review of financial documents, assets, and liabilities is one of the most critical components of corporate liquidation. Our skilled professionals will perform a comprehensive analysis of your business’s financial status while ensuring accuracy, dependability, and legal compliance. Since maintaining transparency and integrity throughout the liquidation process is crucial, we go out of our way to give accurate financial information that can withstand scrutiny.
The company liquidation process will vary depending on the following three criteria:
- The type of ownership
- The type of liquidation
- The jurisdiction of registration, whether Mainland UAE or Free Zone
We assist the client in the liquidation process in the following free zones:
- Jumeirah Lakes Towers (JLT Free zone)
- Dubai Multi Commodities Centre (DMCC Free Zone)
- Techno Park
- Dubai Auto Zone
- Jebel Ali Free Zone (JAFZ)
- Dubai Silicon Oasis (DSO)
- Dubai International Financial Centre (DIFC),
- Dubai Maritime City
- Dubai Internet City (DIC),
- Dubai Media City (DMC)
- Dubai Knowledge Village (DKV)
- Dubai Biotechnology & Research Park (Dubai Biotech)
- Dubai Outsource Zone (DOZ)
- Dubai Studio City (DSO)
- Dubai Techno Park (TP)
- International Media Production Zone (IMPZ)
- Dubai Health Care City (DHCC)
- Dubai Industrial City (DIC)
- Dubai Airport Free Zone (DAFZA)
- Dubai Gold and Diamond Park
Collaborate with BAM Advisors , to confidently and smoothly handle the intricacies of Company liquidation in Dubai. Our steadfast commitment to integrity, skill, and excellent customer service sets us apart from the competitors in the industry. For consultation and guidance toward a seamless and prosperous liquidation process, get in touch with us right now!
Dubai Company Liquidation is the process by which an LLC company, sole establishment, branch, representative office, or any Free zone company wants to wind up / dissolve the operations of the company.
Our approach includes advising the overall liquidation process, guidance on the board resolution, coordinating with various legal authorities and government departments, liaising on getting NOC from Immigration, DEWA, and Telephone etc, supporting the accounting requirements during the liquidation process including arranging for audit of financial statement upon liquidation and cancellation of license, immigration, etc.
WE WORK CLOSELY WITH ALL GOVERNMENT AGENCIES
We are experts in all legal and regulatory issues concerning the liquidation of a company and have successfully executed and provided many company liquidation services in Dubai. Our working methodology/work approach will cause minimal disruption in your routine work. We will arrange for all the departmental clearance certificates, handle banking issues, labor and immigration clearance, and any other requirements.
Commonly Asked Questions
Businesses opt for liquidation when they become insolvent or non-viable due to factors like consistent losses, failure to raise capital, or exit of major investors. Sometimes strategic corporate decisions around mergers or acquisitions also warrant voluntary liquidation. Proper liquidation services ensure closures happen smoothly as per the law.
It starts with a resolution by shareholders or partners appointing an official liquidator. He prepares an inventory of assets and invites claims from creditors within 3 months. Valid claims are settled from asset sale proceeds after which a final report is submitted to deregister the firm. Licensed professionals from the top company liquidation services in Dubai oversee each step
Key requirements include approval from the regulator depending on entity type – DMCC, DAFZA, DED, etc. Director resolutions are furnished along with auditor-certified statements and clearance from all government agencies including the Chamber of Commerce. Liquidator-endorsed paperwork is submitted for final deregistration.
Typical fees include fixed remuneration of the liquidator as regulated, publication expenses for creditor notices, valuation, legal and miscellaneous liquidation overheads. Asset realization usually covers maximum costs but in case of deficiency, shortfall payment from partners/directors may be required depending on liquidation proceedings.
As per UAE law, the whole liquidation process is targeted for completion within 12 months including 6 months for creditor claims. Fast-track schemes are also offered by some company liquidation services in Dubai subject to certain conditions for reduced timelines at additional premiums.
