Company Liquidation Service
In Dubai, the process of closing a business and all related operations of the business is known as company liquidation. When a business is losing money and cannot afford to pay off its debt, it goes through a process called company liquidation.
All the assets related to the business are divided up among creditors and shareholders during a company liquidation in Dubai, according to the order of priority of claims. Liquidators are those who conduct the liquidation process; the process of closing a business is referred to as liquidation.
- Appointment of Liquidators
- Asset Realization
- Approved by creditor
- Contract Cancellation and liability Identification
- Payment of all Dues, Including those to DEWA and Etisalat, as well as any Outstanding Costs
- Payment of Salaries and Visa Cancellation of Employees
- Maintain Account Records
- Closing of Bank Accounts
- File VAT
- Submission of VAT De-registration
- Prepare The Liquidator's Report and Submit It To The Relevant Authorities
- Create The Report For The Company's Liquidation Audit
- Submit All Original Document
- Trade License Cancellation
Company Liquidation Service
At every level of the company liquidation process, our team of PRO services in Dubai can help. We provided our services as liquidator for numerous businesses that choose to shut down. Our team acts appropriately and promptly to begin and complete liquidations.
