Your Trusted Partner for Company Liquidation in Dubai, UAE
Closing a business in Dubai isn’t just about shutting down operations, it’s about wrapping things up correctly. Company liquidation involves settling finances, meeting legal requirements, and ensuring full compliance with UAE regulations, which can feel overwhelming. That’s where we come in. At Capital Plus Auditing of Accounts, we take the hassle out of company liquidation, handling everything from paperwork to debt settlements so you can confidently move forward.
Certified Liquidators in Dubai, UAE
Liquidators play a vital role in winding up a business. They oversee the liquidation process, ensuring compliance with Dubai’s legal and financial regulations.Our certified liquidator in Dubai, UAE, specializes in handling every detail, from auditing finances to preparing final reports. With an in-depth understanding of Dubai’s regulatory landscape, we ensure your company closure is professional and stress-free.
Why Choose Our Company Liquidation Services in Dubai?
When it comes to company liquidation in Dubai, having the right support is crucial. Our team at Capital Plus Auditing of Accounts is dedicated to providing you with expert guidance every step of the way. Here’s why we’re the trusted choice for liquidation services in Dubai:
Expertise
10 Years of experience in liquidation services across Dubai.
Hassle-Free Process
We handle all the complexities so you don’t have to.
Local Knowledge
Familiarity with Dubai’s legal framework and free zone regulations.
Quick Turnaround
Efficient processes to minimize delays.
Why is Company Liquidation Necessary in Dubai?
Company liquidation is the legal process of closing a business. It involves settling debts, liquidating assets, and ensuring the company is deregistered with relevant authorities.
Financial Distress
If your business can't keep up with its debts, liquidation provides a way to settle everything fairly.
Legal Non-Compliance
Not meeting Dubai’s legal and financial regulations? Liquidation helps clear up any issues.
Exiting the Market
Sometimes, the time comes to simply move on from a business, and liquidation helps you do that with ease.
Debt Settlement
Liquidation helps make sure all debts to creditors, suppliers, and other parties are cleared up.
Restructuring or Ownership Change
If you need to make big changes to your business, liquidation can help close down your current entity and set up a fresh start.
Types of Liquidation
Voluntary Liquidation
Initiated by business owners when they decide to close the company, often for strategic reasons.
Involuntary Liquidation
Triggered by creditors or authorities when the company cannot meet its financial obligations.
Compulsory Liquidation
Mandated by a formal court order, usually due to severe legal violations or financial fraud.
Step by Step Guide to Liquidate your Company in Dubai
Liquidating a company in Dubai requires a clear, structured approach to ensure that all legal, financial, and regulatory requirements are met. Here’s a simple step-by-step guide to help you navigate the liquidation process smoothly:
02.
A certified liquidator audits financials, oversees asset sales, and prepares final reports.
04.
Close bank accounts and obtain clearance certificates. Deregister VAT and settle taxes.
05.
Publish a notice in two Arabic newspapers (mandatory 45-day period for creditor claims).
09.
Cancel the company’s trade license and obtain the Certificate of Liquidation.
Documents Required for Company Liquidation in Dubai
To proceed with the company liquidation process in Dubai, the following documents are typically required:
✔ Trade license.
✔ Memorandum of Association (MOA) and Articles of Association (AOA).
✔ Certificate of Incorporation or Formation.
✔ Shareholder resolution approving liquidation (notarized and attested if applicable).
✔ Power of Attorney (if applicable).
✔ Audited financial statements (up to the liquidation date).
✔ Bank closure statement or certificate confirming account closure.
✔ VAT & CT deregistration certificate from the Federal Tax Authority (FTA).
✔ Clearance certificates from utilities and other service providers.
✔ Employee visa cancellation proof (for all employees under the company).
✔ Labor and immigration clearance certificates.
✔ Clearance certificates from the respective free zone authority.
✔ Lease cancellation confirmation from the free zone.
✔ Liquidator’s appointment letter.
✔ Liquidation report prepared by the appointed liquidator.
✔ Proof of settlement of outstanding debts or obligations.
✔ NOC (No Objection Certificate) from relevant authorities or stakeholders, if required.
✔ Company stamp (for cancellation).
Role of a Liquidator
A liquidator is responsible for managing every aspect of the company closure, including:
- Reviewing financial accounts.
- Settling debts and liabilities.
- Distributing assets to shareholders.
- Submitting reports to authorities.
Duties of a Liquidator
Liquidator ensures compliance, resolves debts, communicates with creditors, reviews finances.
- Conduct a thorough financial review.
- Resolve outstanding liabilities and debts.
- Communicate with creditors and stakeholders.
- Ensure full compliance with UAE laws.
- Preparation of the Liquidator's report and other required documents
Factors Affecting Company Liquidation in Dubai
The liquidation process depends on several factors, including:
- The company’s financial health.
- The type of business entity (Mainland, Free Zone, or Offshore).
- The complexity of legal and financial obligations.
Key Benefits of Working with Us
Stress-Free Process
We manage all legal and procedural steps for you.
Experienced Liquidators
Our team knows Dubai regulations inside and out.
Cost-Effective Solutions
Transparent pricing with no hidden fees.
Timely Completion
Quick resolutions to meet your deadlines.
Our Business Consultancy Services
Beyond liquidation, we provide
- Business setup and restructuring support.
- Debt settlement and recovery assistance.
Our Service Areas in Dubai
Free Zone Areas
Our expertise covers Dubai’s major free zones, including:
- Dubai Airport Free Zone (DAFZ)
- Jebel Ali Free Zone (JAFZA)
- Dubai Multi Commodities Centre (DMCC)
- Dubai Silicon Oasis (DSO)
- Dubai International Financial Centre (DIFC)
- Dubai Healthcare City (DHCC)
- Dubai Internet City (DIC)
- Dubai Media City (DMC)
- Dubai Design District (d3)
Mainland Areas
We provide liquidation services in key business hubs such as:
- Bur Dubai
- Deira
- Business Bay
- Sheikh Zayed Road
- Al Quoz
- Jumeirah
- Al Karama
- Dubai Marina
- Al Barsha
Frequently Asked Questions
Can a shareholder object to the liquidation process?
Yes, shareholders can object, but it may delay the process or require legal resolution.
What is a liquidation certificate?
It’s an official document confirming your company has been legally closed.
How much does liquidation cost in Dubai?
Costs vary depending on the company size and obligations. Contact us for a detailed estimate.
How long does the liquidation process take?
Typically, 1–3 months, depending on complexity.
What are the steps involved in company liquidation in Dubai?
The steps include passing a resolution, appointing a liquidator, settling debts, and canceling the trade license.
How do I liquidate a company in Dubai?
The process involves passing a resolution, appointing a liquidator, settling liabilities, and canceling the trade license.
Do I need to inform employees during liquidation?
Yes, employees must be notified, and their dues should be settled as part of the process.
What happens company has outstanding debts?
The liquidator will use company assets to pay off creditors before distributing any remaining assets to shareholders.
Get Liquidation Assistance
Get In Touch
- 309 office , Al Garhoud , near city center Dubai, United Arab Emirates.
- + 971 52 650 9107
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