Company Liquidation Service

Company liquidation is often a stressful and complicated process, but you don’t have to face it alone. We are here to guide you through the entire process, offering expert legal assistance to help dissolve your company efficiently and fully comply with Dubai’s regulations. We provide comprehensive support to minimise legal liabilities and financial losses during liquidation. Whether cancelling business names, handling employee payments or meeting legal requirements, we ensure a seamless exit strategy for company liquidation.

What Happens During Company Liquidation?

Liquidation, also known as winding-up, involves closing a company and distributing its assets to creditors and shareholders. Liquidation can be compulsory (court-ordered) or voluntary (decided by shareholders). A liquidator, who is a registered agent or firm, oversees the process.

Types of Liquidation

Compulsory Liquidation
- Ordered by the court due to insolvency or legal violations.
- Company assets are distributed according to the claims' priority.
Voluntary Liquidation
- Initiated by shareholders when a company is financially struggling.
- Creditors are prioritised over shareholders.

The Process of Company Liquidation in Dubai

Board of Directors Meeting
A special meeting is held to appoint a liquidator and initiate the process.
Submit Liquidation Application
Provide official documents and the liquidator’s credentials for approval.
Publish Dissolution Notice
Announce liquidation in a local newspaper to notify creditors.
Liquidator Acceptance
The liquidator is formally appointed to settle debts and manage the company’s assets.
Visa Cancellation & Settlement of Dues
Cancel all company-related visas and clear outstanding payments with authorities.
Liquidator Report
The final audit is submitted after clearing all dues.
Liquidation Certificate
The Department of Economic Development issues the certificate, marking the company's official closure.

Documents Required for Company Liquidation

Free Zone Company Liquidation
- Board resolution for liquidation and appointment of liquidator.
- Clearance from Immigration, Labor Department and Free Zone Authority.
- Liquidation letter original licence and final settlement of fees.
LLC Company Liquidation
- Notarised Board Resolution to liquidate.
- Letter from appointed liquidator.
- Original company licence, NOC and bank account closure certificate.
Branch Company Deregistration
- Termination of National Service Agreement.
- Deregistration application and closure certificate from authorities.
- NOC and bank account closure.
Industrial Unit Cancellation
- Certificates of licence cancellation.
- Final liquidation accounts approved by the partners and liquidator.
- NOCs from relevant authorities and cancellation of partner visas.

We Handle Your Company's Liquidation

We have the expertise and experience needed to navigate the complexities of company liquidation in Dubai. From settling utility bills to closing bank accounts and cancelling visas, we handle it all, ensuring a hassle-free and cost-effective process.

Get in Touch today for expert advice and personalised support.