Company Liquidation Services, Wind Up & Deregistration
What Are the Types of Liquidation in Dubai and the UAE?
Voluntary Liquidation
Compulsory Liquidation
The in-house lawyers and liquidators at Gatestone Group are ready to assist you with the liquidation process in the UAE, including:
Before starting the liquidation process, it is required to gather some required documentation and complete some procedures. This includes passing a board resolution, a financial audit, and settling debts.
Consult with a professional like Gatestone Group and assign them as the liquidator to oversee the liquidation process and the legal matters while keeping UAE laws in check.
It is required to submit the shareholder resolution and specific required documents to the relevant licensing authority. The required documents include the company’s trade license, Memorandum of Association (MoA), Power of Attorney (PoA), copies of passports and Emirates IDs of the owners and shareholders, etc.
The company is required to issue a public notice in a newspaper stating their intention of liquidating the company. The public announcement must be issued in English and Arabic.
During the cancellation period, a few actions are to be considered to complete the process of liquidation, including:
- Cancellation of employee and partner visas and work permits.
- Tax de-registration and tax clearance.
- Obtain a clearance letter from labour and immigration department, the water and electricity department, the telecommunications company, the Road & Transport Authority (RTA) for any registered vehicles, the Federal Customs Authority (FCA), etc.
- Letter of corporate bank account closure.
- Liquidation report.
The liquidator is required to prepare a liquidation report with the required documents, submit it to the relevant authority, and pay the cancellation fees. Once approved, the authority will issue the license cancellation certificate.
1. Legal guidance and strategy
2. Asset evaluation and distribution
3. Regulatory compliance expertise
4. Dispute resolution
Are you ready to navigate the complex process of company liquidation in the UAE, or do you require expert legal guidance for an ongoing liquidation? Contact our team of experienced legal advisors today. We are here to guide you through every step of the process, ensuring a successful and legally compliant liquidation.
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- Office 1416, The Binary by Omniyat Marasi Drive Street, Business Bay, Dubai, United Arab Emirates
- +971 4 450 1023
- +971 52 410 0849
- +44 7385 807 875
- +971 52 410 0849
- info@gatestonegroup.com
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