Business Liquidation in UAE

Building a company from scratch is a challenging task, so is dissolving the company. Liquidation of a company is a long and tedious process, that requires abundant paperwork and legal formalities. It’s not possible to carry out the liquidation process all alone, as one will have to work closely with governmental and regulatory authorities and agencies, that demands assistance.

Liquidation of Company

Before you go ahead with the plan of liquidating your company, ensure that the company does not have any debt obligations towards government agencies or private persons. Absence of debts/ liabilities is the primary requirement when it comes to winding up a company.

Timely submission of relevant liquidation documents is mandatory otherwise, it can result in penalties. Also, regardless of the type of business, you must cancel your business license and all related permits associated with it.

Company liquidation services in UAE include:

Developing a plan on how to liquidate a company

Submitting application to the government departments

Deregistering of certificates

Preparing legal documents

Preparing company board resolutions

Arranging clearance letters

Bank account closures

Attaining no liability certificate from banks

Visa cancellations

Carvy Consultants provides company liquidation services across Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, and Sharjah for limited liability, free zone, and offshore companies. We assist our clients from the initial phase to the final one, from acquiring departmental clearance certificates and handling bank issues to documentation and labour & immigration clearance. Our team of experts are well-versed in various types of company liquidation processes.

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Sojen Manjila, Partner

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