Company liquidation is a long and tedious process. It might be compulsory or voluntary. Once you plan to close down your business the government entities should be notified of the same so as to avoid any accumulated fines and penalties. License cancellation is one of the primary steps in the liquidation process and the formalities differ based on the form of company and the jurisdiction where the company is registered.
Various clearances are to be acquired from various departments such as:
- Ministry of Human Resources and Emiratisation
- Directorate of Residency and Foreigners Affairs
- The relevant Water and Electricity Authority
- The leasing entity
Our liquidation experts provide clients with a straight-forward and cost effective process that brings the company to an orderly end while providing formal closure and certainty to the affairs of the company. Services include from preparation of liquidation plan to appropriate documentation for company strike-off. Our deep understanding of local requirements help us adapt and implement global best practices locally, ensuring excellent standards in all our services.