SERVICES

Company Liquidation Services in Dubai

At Audits & Beyond Chartered Accountants we provide comprehensive company liquidation services across the UAE, including all free zones and mainland jurisdictions. Whether your business is closing due to strategic decisions, financial difficulties, or restructuring, we offer expert guidance to ensure the liquidation process is smooth, compliant, and hassle-free.

Company liquidation in the UAE involves a series of legal and financial steps, including the settlement of debts, the distribution of assets, and the final closure of the business. Each free zone and mainland area has specific rules for liquidation, and our team of experts is well-versed in these regulations to assist your business in any jurisdiction.

OUR SERVICES

Our Liquidation Services Include

Company Closure Documentation

Assistance in preparing and submitting all required documents, including board resolutions and liquidation applications.

Appointment of Liquidator

We appoint licensed liquidators to oversee the liquidation process as mandated by UAE law.

Debt Settlement & Asset Distribution

Managing creditor settlements and the distribution of any remaining assets to shareholders.

Final Audit & Financial Reporting

Conducting the final audit and preparing liquidation reports as required by UAE free zones or mainland authorities.

De-registration of Trade License

Managing the de-registration process with relevant authorities, including the Department of Economic Development (DED) or free zone authorities.

Bank Account Closure & Visa Cancellation

Handling the closure of corporate bank account and assisting with the cancellation of employee visas and labor contracts during the liquidation process.

Types of Liquidation in the UAE

Voluntary Liquidation

Initiated by the company’s shareholders or directors when the business is solvent, and there are no outstanding debts.

Compulsory Liquidation

Enforced by the court when a company is unable to pay its debts, or if creditors file a petition for liquidation.

Zone-Specific Liquidation Policies in the UAE

Dubai Multi Commodities Centre (DMCC)

Companies must appoint an approved DMCC liquidator to prepare the final audit report and cancel the company’s trade license. All debts and liabilities must be settled before liquidation can be finalized.

Jebel Ali Free Zone (JAFZA)

JAFZA requires submission of a board resolution and other necessary documents to the authority, along with the appointment of an authorized JAFZA liquidator for the final audit. Visa and license cancellation are also part of the process.

Dubai Silicon Oasis (DSO)

In DSO, the liquidation process requires companies to submit a liquidation request along with financial statements and the appointment of a DSO-approved liquidator to oversee the process.

RAKEZ (Ras Al Khaimah Economic Zone)

Businesses in RAKEZ must appoint a RAKEZ-licensed liquidator and submit the final audit report to the free zone authorities. The trade license and employee visas must also be cancelled.

Abu Dhabi Global Market (ADGM)

Companies in ADGM must follow specific liquidation steps, including notifying creditors and appointing a liquidator registered with the ADGM.

Dubai International Financial Centre (DIFC)

DIFC follows a court-supervised liquidation process, where companies need to appoint a liquidator and settle all financial obligations before submitting the final report to DIFC authorities.

Mainland UAE (Department of Economic Development - DED)

For mainland companies, liquidation involves settling debts, conducting a final audit, and obtaining clearance from various authorities such as DED, Ministry of Human Resources and Emiratization, and General Directorate of Residency and Foreigners Affairs (GDRFA). The company’s trade license will then be de-registered.

Sharjah Airport International Free Zone (SAIF Zone)

SAIF Zone requires companies to appoint an authorized liquidator and submit the final audit report. All visa cancellations and license deactivation must be completed before liquidation approval is granted.

Ajman Free Zone (AFZ)

In AFZ, the liquidation process involves submitting a resolution for dissolution, clearing outstanding dues, and appointing an AFZ-approved liquidator to oversee the final audit and completion of the process.

Why Us

Why Choose Us For Liquidation Services?

Expert Knowledge of UAE Liquidation Laws

We understand the specific requirements of each free zone and mainland authority, ensuring a smooth and compliant liquidation process.
Licensed Liquidators

Our team includes qualified and registered liquidators who will handle every aspect of your business closure with professionalism.
Comprehensive Support

From document preparation to final de-registration, we offer end-to-end liquidation services.
Timely and Efficient Service

We ensure that your company liquidation is completed within the required timeframes, avoiding any unnecessary delays.
Hassle-Free Process

We handle all communication with relevant authorities, allowing you to focus on other business matters while we take care of the liquidation.

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Understanding UAE Liquidation Policies

The liquidation process in the UAE is governed by various authorities depending on your business location, whether in the mainland or free zones. Companies are required to appoint a licensed liquidator, conduct a final audit, settle all debts, and submit all necessary documents to the relevant authority. Each free zone has specific liquidation rules, and mainland companies must follow DED guidelines for liquidation.