Company Liquidation in Dubai
Premier Auditing & Accounting Provides expert company liquidation services in Dubai. We guide you through the process, ensuring smooth dissolution, asset sales, debt settlement, and efficient closure with minimal stress. Contact us today for a simplified company liquidation process and maximum returns for your business.
Best Company Liquidation Services in Dubai
Liquidation is the process of closing of business operations in which a company is dissolved, all of its assets are sold and proceeds from the sale are used to settle the employee dues, creditors, cover winding up expenses, and distribute any residual balance to the company shareholders.
At Premier Auditing & Accounting, our experts provide guidance on how to dissolve a company with our comprehensive company liquidation services in Dubai. We dedicate our time and talent to help you close your company peacefully with less worries.
- Mainland companies in the UAE
- Offshore companies in the UAE
- Free-zone companies in the UAE
Best Company Liquidation Services in Dubai
Preparation and approval of shareholder’s resolution for dissolution
The company liquidation resolution must be approved by the shareholders and notarized by a Notary Public for companies registered in the mainland UAE
Notice period
A notice period of up to 45 days is required (depending on the registration jurisdiction). During the notice period the company should cancel all the accounts or facilities maintained with relevant Government authorities, Utility Companies, Bank and Leasing entity (if any).
Submission of the shareholders’ resolution
The shareholders’ resolution must be submitted to the relevant licensing authority along with all mandatory documents and required fees. The required documents include a copy of the company’s Trade License, Memorandum of Association, Powers of Attorney (if applicable), and copies of passport or Emirates ID for all partners, owners, and shareholders and signed deregistration application form.
Publication of a notice of liquidation
Following the issuance of a provisional liquidation certificate, the company can proceed to publish a notice of liquidation in a public newspaper, in English and Arabic (normally, two to four notices are required depending upon the registered authority).
Appointment of a liquidator
A liquidator must be appointed, and it is necessary to receive a official acceptance letter from the liquidator.
Submission of Liquidation Report and Final Documents
Once the notice period is over, the appointed liquidator will begin working on issuing the Liquidation Report. The Liquidation Report along with all required documents should then be submitted to the relevant Authority and pay the necessary cancellation fees. The Authority will review the submitted documents and, if approved, will issue a License Cancellation Certificate.
Best Company Liquidation Services in Dubai
Preparation and approval of shareholder’s resolution for dissolution
The company liquidation resolution must be approved by the shareholders and notarized by a Notary Public for companies registered in the mainland UAE
Notice period
A notice period of up to 45 days is required (depending on the registration jurisdiction). During the notice period the company should cancel all the accounts or facilities maintained with relevant Government authorities, Utility Companies, Bank and Leasing entity (if any).
Submission of the shareholder’s resolution
The shareholders’ resolution must be submitted to the relevant licensing authority along with all mandatory documents and required fees. The required documents include a copy of the company’s Trade License, Memorandum of Association, Powers of Attorney (if applicable), and copies of passport or Emirates ID for all partners, owners, and shareholders and signed deregistration application form.
Publication of a notice of liquidation
Following the issuance of a provisional liquidation certificate, the company can proceed to publish a notice of liquidation in a public newspaper, in English and Arabic (normally, two to four notices are required depending upon the registered authority).
Appointment of a liquidator
A liquidator must be appointed, and it is necessary to receive a official acceptance letter from the liquidator.
Submission of Liquidation Report and Final Documents
Once the notice period is over, the appointed liquidator will begin working on issuing the Liquidation Report. The Liquidation Report along with all required documents should then be submitted to the relevant Authority and pay the necessary cancellation fees. The Authority will review the submitted documents and, if approved, will issue a License Cancellation Certificate.
Comprehensive Company Liquidation Services in Dubai
VAT Registration
The winding up of a company that has been decided by shareholders resolution is known as Voluntary Liquidation. Our voluntary liquidation services are designed to help your businesses close while staying compliant with the company liquidation regulations of the UAE. We take care of everything from assigning liquidators, disposing of assets, preparation of liquidation financial statements to settling liabilities and liaising with authorities for the dissolution of company. Our effective voluntary liquidation process reduces risks and is in the best interest of all parties concerned because we handle every step with complete transparency and professionalism.
VAT Advisory Services in Dubai
The winding up of a company with the assistance of the courts is known as Compulsory Liquidation and is initiated either by company’s creditors or by government. With our Compulsory liquidation services, we offer your business the right support needed for creditor management, disposal of assets, legal coordination, and submission of final liquidation reports. Throughout the process, we ensure full compliance with UAE laws while helping you close your business seamlessly.
VAT Accounting Services in Dubai
Facing financial challenges and in need of insolvency advisory? Premier Auditing & Accounting can guide you throughout the process. From managing financial distress to assessing the company’s solvency status and negotiating with creditors to minimize legal risks, our team of experts can take care of the insolvency mitigation processes. While taking care of the legal procedures and papers, our experts suggest the most practical solutions for your business, ensuring maximum value for the stakeholders.
VAT Return Filing Services in Dubai
Negotiating with creditors and settling debts requires much expertise; therefore, let Premier Auditing & Accounting handle it using its expertise. We ease the process of managing liabilities and settling debts by working closely with your creditors and coming to a favorable settlement that also reduces your financial burden significantly.
Business and Tax Advisory in Dubai
Clearing the taxes and successfully meeting the requirements of the tax de-registration process is necessary for a smooth business closure. We assist clients in getting Tax Clearances and cancelling of tax registrations with the Federal Tax Consultants. At Premier Auditing & Accounting, our experts focus all areas, including preparing and submitting final liquidation statement of account, deregistration with government bodies, resolving outstanding liability issues with authorities, and obtaining required documents and certifications that aid the deregistration process.
Therefore, with our company liquidation services in Dubai, we help you get through these procedures seamlessly and ensure a hassle-free business closure.
Trusted Business Liquidation Services in Dubai
Premier Accounting Services & Auditing is a trusted partner for your business and stands by every decision during company closure. Our company liquidation and Accounting services in Dubai guide every step in the closure of your business; we take every client requirement carefully and deliver the best services that meet your expectations.
- Expertise in navigating the complex liquidation process
- Efficiency in saving time and reducing cost
- Protect assets and maximise value for stakeholders
Our Company Liquidation Service Industries
Precise Company Liquidation Services in Dubai
At Premier Auditing & Accounting, our goal focusses to simplify company liquidation processes for closure of your business by helping them make the right decisions and follow the best practices. We aim to assist more businesses trapped in debt and liquidation issues, standing apart from other liquidation service providers that fail to offer transparency and meet the client’s expectations. Our goal emphases to gain recognition as the best company liquidation services in Dubai with our expertise services, commitment, and reliability.
Other Services
Advisory
Services
PAA accounting and book keeping team enables you to have accurate and timely book of accounts. PAA assists clients
to save cost and time in terms of placing efficient system of book keeping and accounting.
Accounting
Services
PAA offers comprehensive audit services including statutory, internal, and management audit, Due Diligence and Forensic audit, audit of management plans, policies & control mechanism.
Tax & Legal
Services
The VAT team in Premier Auditing & Accounting supports businesses to
navigate the new UAE tax environment and provide solutions which suit their
business model as well as
industry.
Company Formation & Liquidation
We at Premier Auditing & Accounting provide complete services in business setup, formation of LLC / Civil / Free zone companies as well as offshore company incorporation.
Management
Consultancy
PAA offers a wide range of advisory and consulting services to help you every step of the way from the start-up to succession planning and help organizations assess and overcome financial and legal challenges…
The principal reasons why a company be required to liquidate are; the original purpose for setting up of the company has been fulfilled and the entity is no longer required to continue business (or) the company owners / shareholders decided themselves to liquidate the company voluntarily for any reason (or) the company is considered to be insolvent and compulsorily to be liquidated on the directions of the court.
A company liquidation process includes disposal of assets, settling debts, and distributing the residual to owner of the company. After completing all liquidation processes, the business is deregistered with the relevant authorities.
As a leading liquidation service provider, Premier Auditing & Accounting can offer your business all the support necessary for a smooth and successful business closure. Our firm will handle all the company liquidation processes and legal works to ensure your business license gets deregistered with the Government authority.
While looking for company liquidation services in Dubai, you must bear the government deregistration charges, the liquidator fees, and any other legal charges involved. You may also be required to pay additional expenses concerning tax liabilities, disposal services, and debt settlements.
Any company with outstanding liabilities can consider company liquidation only when all debts are identified and the owner is ready to settle them. In case of outstanding liabilities under dispute or negotiation, the liquidator negotiates with the creditors on behalf of your business and comes to a settlement that focuses on clearing your liabilities avoiding legal hassles.
