Company Liquidation Services in UAE

Company liquidation services are a set of services that help businesses wind down their operations and cease to exist. This can be done voluntarily, if the company is no longer viable, or involuntarily, if the company is insolvent.

1. We appoint a liquidator. A liquidator oversees the liquidation process. The liquidator will collect the company's assets, pay its debts, and distribute any remaining assets to the shareholders.
2. Our team arranges for the settlement of debts. The liquidator must first settle the company's debts. This will involve contacting creditors and negotiating repayment terms. If the company is insolvent, the liquidator may need to sell the company's assets to raise money to pay creditors.
3. Once the debts have been settled, the liquidator will distribute any remaining assets to the shareholders. The shareholders will receive their shares of the assets in proportion to their shareholding.
4. In the next step, we will arrange for the dissolution of the company. The company will be dissolved once the liquidation process is complete. This will involve filing paperwork with the relevant authorities and notifying creditors and shareholders.

• Expertise: Liquidators are experienced professionals who are familiar with the liquidation process. They can help you to ensure that the process is done correctly and that your interests are protected.
• Time savings: Liquidators can save you time and hassle by handling the liquidation process on your behalf. This can be especially helpful if you need to be more familiar with the liquidation process or more time to manage it yourself.
• Cost savings: Liquidators can often negotiate better terms with creditors than you could. This can save you money on the cost of liquidation.
• Peace of mind: Liquidators can help you to ensure that the liquidation process is done smoothly and that your interests are protected. Knowing that your company is being appropriately liquidated can give you peace of mind.

• Voluntary liquidation: This is when the company's directors decide to liquidate the company. This may be done if the company is no longer viable or if the directors determine that it is in the best interests of the shareholders to liquidate the company.
• Involuntary liquidation is when a creditor petitions the court to liquidate the company. This may be done if the company is insolvent and cannot pay its debts.
• Compulsory liquidation: This is when the court orders the company's liquidation. This may be done if the company is insolvent, cannot pay its debts, or is being investigated for fraud or other wrongdoing.

• Memorandum and Articles of Association: These documents set out the company's constitution and are essential for liquidating the company.
• Shareholder register: This document lists the names and addresses of the company's shareholders and is needed to distribute any remaining assets to the shareholders.
• Creditor register: This document lists the names and addresses of the company's creditors and is needed to settle the company's debts.
• Financial statements: The company's financial statements for the past few years will be needed to assess its financial position and to determine the amount of assets and debts that need to be liquidated.
• Minutes of meetings: The minutes of the company's meetings will be needed to document the decisions that have been made about the liquidation process.
• Power of attorney: If you cannot attend the liquidation meetings, you must appoint someone to act on your behalf. This person will need to have a power of attorney that is specifically for the liquidation process.