Liquidation Requirements for Free Zone companies:
Company liquidation in Dubai, UAE follows a specific method based on the company jurisdiction. The Dubai Free Zone company liquidation method consists of a number of steps that the entrepreneur must complete in order to secure a successful company liquidation in the UAE.
| – | The company must have no liabilities. |
| – | All valid visas must be revoked. |
| – | All corporate bank accounts that are open must be closed.Any assets must be returned to the shareholders or a third party during the liquidation process. |
| – | All fees and charges incurred by the free zone authorities must be paid. |
| – | The Free Zone Authority must grant immigration clearance. |
| – | A resolution to liquidate must be drafted, and a licensed liquidator must be hired to carry out the process. |
| – | Liquidators in Dubai, UAE must create a final Audit Report/Liquidation Letter to approve the course of action for the business’s liquidation and send confirmation that the company has no assets or liabilities. |
Free Zone Company Liquidation Services in Dubai, UAE
Free Zone Company Liquidation Services in Dubai UAE are critical for organisations that are transitioning, reorganising, or winding down operations. It can be a complicated procedure that demands experienced counsel to guarantee that the dissolution of a firm proceeds properly and in accordance with UAE commercial legislation.
Free Zone Company Liquidation Services in Dubai UAE are critical for organisations that are transitioning, reorganising, or winding down operations. It can be a complicated procedure that demands experienced counsel to guarantee that the dissolution of a firm proceeds properly and in accordance with UAE commercial legislation.
Company liquidation in Dubai is a straightforward process of closing a firm owing to financial difficulties, unexpected events, inadequate funds to continue operations, and so on.
Mubarak Al Ketbi Chartered Accountants can help entrepreneurs with business liquidations. It will help to reduce the complexity of the process while also helping investors feel more at ease and safe while they carry out the company liquidation procedure in Dubai.
Mubarak Al Ketbi Chartered Accountants is a leading UAE-registered company liquidator, assisting entrepreneurs with the liquidation of their enterprises in any of the UAE’s mainland areas or Free Zones.
How to choose the best Free Zone Company Liquidators in UAE?
The company liquidation process can be time-consuming and expensive because corporations must coordinate with numerous external parties and authorities to ensure that everything is completed on time. Missing any step or paperwork can result in unnecessary delays and problems.
The company liquidation process in the UAE has also become more complex in recent years, with the implementation of Value Added Tax (VAT), Economic Substance Regulations (ESR), and Ultimate Beneficial Ownership (UBO) rules requiring companies to exercise caution during the winding-up process.
Your decision should be based on price and quality, which Mubarak Al Ketbi Chartered Accountants provide excellently.