Company Liquidation
Company Liquidation
Typical timeline · Varies by authority, outstanding obligations and liquidator requirements.
Overview
Liquidation is the formal process of closing and deregistering a company with the relevant UAE authorities. It involves settling outstanding obligations, cancelling visas and permits, obtaining regulatory clearances, and completing the legal procedures required to officially dissolve the business.
Benefits
A compliant exit, reduced risk of fines, visa issues, blacklisting and blocked future licences.
Documents
Licence, establishment card, shareholder resolutions, bank letters and clearance certificates.
FAQs
What happens if a licence is not cancelled on time?
The company can face accumulating fines, visa issues, ongoing legal liabilities, banking restrictions, difficulty starting new businesses, and possible blacklisting.
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