Liquidation of a company in the United Arab Emirates necessitates a qualified approach and strict adherence to formal procedures. Our specialized services make it simple for you to leave.
Now that you've made the difficult decision to liquidate your business, it's time to put your affairs in order and dissolve your business according to the laws of the land. Company liquidation is a time-consuming and contentious process that entails filling out a slew of paperwork, starting the de-registration process, and negotiating with employees and various government agencies. To get off the hook, you'll need to fill out application forms correctly and carefully deregister certificates from various government agencies.
In Dubai and Abu Dhabi, company liquidation necessitates a qualified approach and strict adherence to formal procedures. Only a thorough understanding of the existing legislation will enable you to meet the legal requirements for liquidation.
Our specialized services include determining a solution and advising you on objectives such as costs, time, and risks of participating as a third-party liquidator to find a quick-fix solution. Throughout the process, we will work with you and the government to come up with a simple and mutually acceptable exit strategy.
There are three stages to our unique approach.
Analyzing the Scope of Involvement
We sit down with you at this point to go over your company's liabilities, commitments, and assets. Understanding this allows us to gain insight into issues such as:
Debt recovery
Claims management
Asset disinvestment
Intimate creditors and debtors
Perform compliance due diligence
Assess liquidation costs
After a thorough examination of all of these, we move on to devising a liquidation strategy, which entails:
Outline the liquidation timetable
Consider possible advance payments to shareholders
Managing the liquidation
We begin the liquidation process after the first stage is completed. The following items are included in this stage:
Asset disinvestment
Debt recovery and creditors payments
Liaison with Notary and Government authorities
Preparing documents
Preparation of accounts for the liquidation
Final Closure
The steps in the final closure stage include:
Termination of contracts
Final settlement of payments
Information and publication
Deregistration
WHY CORPPLUSE MANAGEMENT CONSULTANCY?
We have been handling liquidation services in the UAE with great efficiency thanks to our knowledgeable staff. Unlike most other agencies, we do not outsource your case and instead handle it from beginning to end in-house. We’ll assign your case to a professional who will guide you through the entire process. This has given our clients more assurance and comfort.
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