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Company Liquidation, Closure, and Freezing in the UAE
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We assist with the process of company liquidation, closure, or freezing, ensuring legal compliance and the integrity of your business
Любая валюта
1
Подготовим полный пакет документов
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Возможна помощь с логистикой и растаможкой
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Обеспечим оперативные трансферы
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20+
countries whose citizens trust us
98%
of clients recommend us to their partners and colleagues
10 years
of successful experience in the business sector
100%
success rate in company registrations on the first attempt.
OUR SERVICES INCLUDE
01
Consultation and Company Analysis
A detailed analysis of your company’s current situation. Consultation on the optimal path for liquidation
02
Strategy Development and Planning
A clear action plan, including step-by-step procedures and deadlines, to minimize risks and avoid additional costs
03
Preparation and Submission of Documents
Notifications, applications, and reports for relevant government authorities, as well as their submission and conducting negotiations
04
Resolution of Financial and Legal Obligations
We will resolve all financial and legal obligations of the company, including settlements with creditors, employees, partners, and tax authorities
05
Closing Bank Accounts and Cancelling Licenses
We will arrange the closure of the company’s bank accounts and the cancellation of all licenses and permits related to the business
06
Legal Support and Reporting
We will ensure compliance with all actions in accordance with the law
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Efficiency and Timeliness
We ensure prompt execution of all procedures, strictly adhering to the deadlines and legal requirements
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Our specialists have extensive experience and deep knowledge of the legal and financial aspects of company liquidation and freezing in the UAE
Deep Knowledge of UAE Legislation
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We consider the unique circumstances of each client and develop solutions that best align with your business goals while minimizing potential risks
Individual Approach
Benefits of Working with Us
Submit a Request for a Consultation
You can receive a free consultation on matters related to company setup or relocation
Reviews
True Professionals
The team are real professionals who truly know their craft. Regardless of how busy they are, they always make time for you and provide consultations on any questions related to company setup in the UAE. Highly recommended
Alexander Naumenko
Made Our Dream Come True
We had dreamed of moving to Dubai for a long time. However, our hands were tied by the family business, and dealing with all the complexities of relocation on our own was challenging. Thankfully, the team of professionals helped us make our long-held dream a reality. Thank you!
Viktor Klimov
Smooth Relocation to Dubai
Our relocation to Dubai was seamless and smooth, all thanks to this professional team! Everything was organized promptly and with great attention to detail.
Alina S.
FREQUENTLY ASKED QUESTIONS
To liquidate or close a company in the UAE, you will need:
- The company’s founding documents,
- Copies of passports and visas of directors and shareholders,
- Financial statements,
- A liquidation notice for publication in the local press,
- Clearance certificates for settling all debts and obligations with government bodies and third parties.
The company liquidation process in the UAE typically takes 2 to 6 months. However, the exact time frame may vary depending on several factors:
- Type of company: Liquidating free zone companies can be faster than liquidating companies registered under mainland law.
- Documentation: The speed of collecting and preparing the necessary documents may affect the overall timeline.
- Checks: Unresolved debts or legal issues may slow the process.
- Coordination with authorities: The process involves interacting with various government bodies, which can take time.
Before closing a company in the UAE, several obligations must be met:
- Debt settlement: Ensure that all debts and financial obligations of the company, including taxes, rent, and loans, are paid.
- Employee notification: Inform employees about the company’s closure and fulfill all obligations under employment contracts, including final settlements.
- Document preparation: Prepare all necessary documents for liquidation, including financial statements and shareholder meeting minutes.
- License cancellation: Contact the relevant authorities to cancel business licenses and registrations.
- Bank account closure: Close all corporate bank accounts and obtain closure certificates.
- Application submission: Submit the necessary liquidation applications to the relevant government authorities and comply with document legalization requirements.
After liquidation and closure, a company’s assets are distributed as follows:
- Debt settlement: Initially, all assets are used to settle the company’s obligations, including debts to creditors, tax liabilities, and rent payments.
- Distribution of remaining assets: Once all obligations are met, the remaining assets are distributed among the shareholders or company members according to their shares or established conditions.
- Asset accounting: Proper asset accounting is crucial during liquidation to avoid potential disputes and issues with tax authorities.
- Asset transfer: If the company’s assets need to be transferred to other individuals or organizations, this must be documented appropriately.
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+971 527915765
Office 302, Bay Square 12, Business Bay, Dubai, UAE
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