Company Liquidation
Expert guidance for a smooth, compliant, and secure business closure in Dubai and the UAE.
Streamlined Business Exit Strategies
Company liquidation in the UAE involves a formal and complex process of closing down a business. Whether you are closing a Free Zone entity, Offshore company, or Mainland operation, our team guides you through every step. We ensure full compliance with UAE regulations, minimizing risks and avoiding delays to achieve a legally compliant exit.
Our Company Liquidation Strategy Includes
Legal Documentation
We handle the drafting and notarization of board resolutions and shareholder agreements required to officially declare liquidation.
Regulatory Deregistration
We manage the cancellation of trade licenses and permits with the DED, Ministry of Economy, and Free Zone authorities.
Final Audit & Financials
We coordinate the mandatory final audit and ensure the settlement of all liabilities to suppliers and government bodies.
Employee Settlements
We assist with visa cancellations and ensure all end-of-service gratuities are paid in full compliance with UAE Labor Laws.
Asset Distribution
Following the settlement of debts, we oversee the liquidation of assets and the final distribution of funds to shareholders.
A Licensed International Legal & Corporate Partner You Can Trust
With dual headquarters in Cyprus and Dubai, we operate as a fully licensed legal and corporate services provider committed to your success. Our team delivers strategic guidance to global entrepreneurs and investors seeking to launch, secure, and scale their operations within the dynamic UAE market.
Legal & Administrative Process
Legal Document Preparation
The process begins with precise documentation. We assist in drafting board resolutions and shareholder agreements to officially declare the decision to liquidate. Our team also handles the notarization and attestation of these documents to ensure they meet UAE legal standards.Government & Regulatory Filings
We handle the formal deregistration of the company with all relevant authorities, including the Department of Economic Development (DED) and Free Zone authorities. This includes the official cancellation of trade licenses, work permits, and operational approvals to finalize the legal closure.Visa & Employee Matters
Closing a business requires sensitivity regarding human resources. We assist with the cancellation of employee visas and work permits, ensuring compliance with labor laws. Furthermore, we verify that all end-of-service gratuities and final settlements are completed correctly to avoid future disputes.Financial Settlement & Requirements
Final Audit & Liabilities
For most jurisdictions, a final financial audit is mandatory. We coordinate with auditors to complete this step compliant with UAE laws. Simultaneously, we ensure that all outstanding liabilities, including debts to suppliers and government authorities, are fully settled before closure.Distribution of Assets
Once all debts and liabilities are cleared, we assist with the distribution of any remaining assets to shareholders strictly as per the company’s Memorandum of Association (MOA). We can also assist in the sale of physical assets to maximize returns during the exit.Key Liquidation Requirements
- Final Audit: Mandatory submission of a liquidation audit report.
- Tax Clearance: Obtaining clearance from the Federal Tax Authority (FTA), specifically for VAT-registered entities.
- Visa Cancellations: All visas must be cancelled prior to license revocation.
- Bank Closure: Obtaining a no-liability letter and formally closing corporate bank accounts.