Whether on a voluntary or involuntary basis, our company liquidation services involve complete assistance to successful wind up a company listed in one of the free zones in the United Arab Emirates or a local company registered by the Department of Economic Development of one of the Emirates.
The requirements to successfully liquidate a company vary based on:
Free zone vs. local company; and
Location in the United Arab Emirates.
It is therefore essential to engage with an experienced professional services firm that has a proven track record of successfully liquidating a wide range of companies in line with client expectations.
As the appointed liquidators, we are able to provide the full range of assistance to the company, including:
Appointment as liquidators;
Issuance of the liquidation report;
Drafting the Board Resolution;
Assisting to close the bank accounts; and
Assisting and managing the advertisement process.
For illustrative purposes, the requirements to liquidate a limited Liability Company registered with the Department of Economic Development of Dubai on a voluntary basis include the following (not an exhaustive list):
Appoint a liquidator;
Prepare and submit a board resolution to liquidate the company;
Obtain a letter from the liquidator accepting appointment;
Advertise and publish a notice of liquidation;
Obtain relevant clearances and NOCs;
Submit the liquidation report; and
Pay the government liquidation fees.
Note that the liquidation report, liquidator appointment letter, and other submissions must be prepared in Arabic and we are able to perform all translations in house by our experienced professionals.
Please refer to the Contact Us page for more information.