The process by which a Dubai LLC company (or its branch), sole establishment or free zone company closes its operation and therefore the assets and property of the corporate or institution is distributed to creditors and shareholders (owners) of the UAE registered company. It is also known as winding-up or dissolution. We, at Express Business help liquidation services for Limited Liability and Sole Establishment Companies in Dubai and all over the UAE.
The process of liquidation of becomes inevitable when a corporation don’t have liquid funds to hold on day to day transaction of the corporate, creditors aren’t being paid or company commits some serious offense, and a regulatory authority or agency in a very country accountable for the relevant sector files a suit for the effecting the operations of the corporate. The liquidation of company in Dubai, UAE can be either compulsory (sometimes noted as a creditors’ liquidation) or voluntary (sometimes noted as a shareholders’ liquidation, though some voluntary liquidations are controlled by the creditors).
Express Business undertakes the task of closing of your business in Dubai and UAE. Before terminating a business and cancel its trade license, it is required to settle down the telecommunication and all utility bills, get the necessary certificates from various Government authorities, close the bank account, prepare the final audit report and cancel all the visas. Thus, liquidation of a company in Dubai can be a complicated and time consuming process. You can simplify the legal procedures and avoid additional costs by trusting EXPRESS BUSINESS SERVICES for your company liquidation process.