Your Partner in Smooth Company Liquidation Services

At VSS, we understand that the decision to liquidate your company can be a challenging one. However, when you’ve made that choice, you need an expert and reliable partner to guide you through the complex process of company liquidation in Dubai and the UAE. Our specialized company liquidation services in Dubai offer you a seamless exit strategy, ensuring that you meet all legal requirements while navigating the challenging landscape of business closure.

Company liquidation involves a series of intricate steps, from filling out applications to negotiating with employees and various government departments. Proper completion of application forms, meticulous deregistration of certificates, and a comprehensive understanding of the existing legislation are essential to meet the requirements mandated by UAE law.

Understanding Company Liquidation Services:

Our company liquidation services cover offshore, mainland, and Dubai Freezone company formations. Let’s delve into some key aspects:

Types of Liquidation in Dubai & UAE:

• Voluntary Liquidation: Company owners opt for voluntary liquidation when they lack the funds to pay creditors. Creditors take priority in this form of liquidation.
• Compulsory Liquidation: This type is initiated by a court order, and the company’s assets are allocated to creditors and contributors based on priority claims.

Why is a Company Liquidated? Various factors can lead to a company’s liquidation, including financial insolvency, inability to pay creditors, lack of liquidity, and heavy losses, among others. Company directors may also choose traditional liquidation through a board meeting.

An Alternative to Liquidation: Freezing a License In some cases, you may not wish to liquidate your company but cannot continue its operations. In such scenarios, licensing authorities offer the option to “freeze” a license rather than abandon it. This allows the company to preserve its establishment cards and employees, and activities can be resumed after the freeze period by renewing the cards and licenses.

Proceeding with Company Liquidation: The VSS Approach: Our company liquidation services follow a distinctive approach with three key stages:

1. Analyzing the Scope of Involvement:

• Reviewing company liabilities, commitments, and assets.
• Debt recovery, claims management, and asset disinvestment.
• Assessing liquidation costs and planning the liquidation strategy.

2. Managing the Liquidation:

• Initiating the liquidation process.
• Asset disinvestment, debt recovery, and creditors’ payments.
• Liaising with notaries and government authorities.
• Preparing necessary documents and accounts for the liquidation.

Documents Required for Company Liquidation Services: Various documents need to be submitted for the liquidation process, as mandated by the Dubai government. These documents are applicable to both free zones and mainland corporate liquidation and include items such as permits, the Memorandum of Association (MOA), power of attorney (if applicable), passport copies, investors’ resolution, and deregistration application forms.

Final Closure: The final closure stage includes terminating contracts, settling payments, publishing information, and deregistering the company.

At VSS, we take a unique approach to ensure your company liquidation process is handled efficiently and without the need for third-party service providers. Your case is managed in-house from start to finish, providing you with added confidence and peace of mind.

We believe in offering our clients the opportunity to consult with our professionals without financial worries. Therefore, we provide consultation without charging any fees. Your peace of mind and a seamless company liquidation experience are our priorities.

For comprehensive and expert UAE company liquidation services, reach out to our experienced professionals today.