How to Liquidate a Company in Dubai &UAE ?
The first thing to do in de-registering a company is to designate a liquidator firm. Only approved liquidators can be hired to start the liquidation procedure as defined in official regulations. The firm who offer company liquidation services helps in closing the company operations in compliance with UAE company laws.
A company can be dissolved voluntarily or forcefully by authorities when it can no longer be able to pay its liabilities.
NBK Auditing helps companies in the liquidation process and offer all the associated advantages. We provide services for creditors voluntary liquidation (CVL), compulsory liquidation and members’ voluntary liquidation (MVL). The biggest advantage of liquidation service that MBK Auditing offers is your debts will be written off, barring some special circumstances.
Company Closing in the UAE has to be dealt with high importance to avoid any future hassles with company re-registration, residence visa processing, bank account opening and so on.
There are a lot of companies registered in the UAE incurring heavy fines due to not initiating the company closure procedure complying with the legal regulations of the UAE. The companies that have not followed the closing procedures the right way could face blacklisting and would face roadblocks when applying for a new business license in the future. Closing of a company in the UAE is a well-structured procedure that is best to be executed by partnering with an experienced Business Consultant.
Company liquidation is a stringent process in the UAE, and professional assistance at RAS Global Advisors offers lucid compliance with the land laws. Our services are directed at providing ease and law-abiding consultation for uncomplicated deregistration and desolvation of your company. Our model services of liquidation of company are the perfect balance of professional competence and personalization, making our services objective and accommodating for the process
Company Liquidation in Dubai – Liquidation is the complete process of bringing a business or an enterprise to an end and equally distributing its assets to the various claimants and creditors associated with them.
This Liquidation can be for a branch of a company, sole establishment, a free zone organization, an LLC Company.
The duration for a company liquidation in the UAE depends on the nature of the business and the type of shareholders. But after receiving all the documents and paperwork it should take around 25 working days for the process.