Business Support
Company Liquation Services for all UAE Entities
MTR Expert in Dubai provide complete liquidation services for all UAE entities including – LLCs, Free Zone Companies, and Offshore Companies.
Company Liquidation Services in Dubai
Are you running a Business in Dubai Mainland or Freezone? Is it not making enough profit? If so, why can't you consider liquidating your company? So, what exactly is company liquidation? As the name indicates, company liquidation is converting your business assets into cash, reducing your credit burden. But before you go for company liquidation, it's important to understand the process. MTR Expert, the company liquidators in Dubai is here to provide a full range of liquidation services for all UAE entities including Mainland and Freezone Companies.
Calculate the Cost to Liquidate Your Company
Complete our liquidation calculator below to instantly discover how much it would cost to liquidate a company.
Documents Required to Initiate Company Liquidation
At MTR Expert, we have a team of expert company liquidation consultants to help you with the complete documentation process required to liquidate your company.
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Emirates ID
A Copy of Shareholders’ Passport
Shareholders Resolution
A Copy of Business License
Deregistration Application Form
Power of Attorney (If Any)
A Copy of Memorandum of Association (MOA)
Types of Company Liquidation in Dubai
There are two types of liquidation available – Compulsory Liquidation and Voluntary Liquidation. Let us explain them in detail:
Voluntary Liquidation
Compulsory Liquidation
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How We Can Help You in Company Liquidation?
MTR Expert, the best liquidation company in Dubai is here to guide you throughout the company liquidation process. We have an experienced team of consultants to help you and guide you to close your business without any hassles. Our team will take care of everything from document preparation, bank account closure, visa cancellation, etc. to make the liquidation process smooth for you.
We offer company liquidation services for all types of a free zone, offshore and mainland businesses across the United Arab Emirates (UAE).
Company Liquidation in Dubai
How to Proceed with the Company Liquidation Process?
Step 1: The Company's shareholders and partners must pass a resolution stating that they agree to proceed with the company liquidation process. The UAE notarization must attest to the resolution agreement.
Step 2: The Ministry of Foreign Affairs and the Ministry of Justice will verify the resolution agreement and authenticate the document.
Step 3: The company to be liquidated must arrange the following documents:
- Trade license
- Memorandum of Association
- Passport Copies and Emirates ID Copies of business owners, partners, and shareholders
- Liquidation application form
Step 4: After submitting all these documents, the DED (Dubai Economic Department) will issue the Liquidation Certificate.
Step 5: Upon receiving the Liquidation Certificate, the company can announce its liquidation in both Arabic and English in public newspapers. If someone claims against this, they can raise a complaint during this notice period. The duration of the notice period varies depending on the Emirates.
Things to do Before/After the Notice Period of Company Liquidation
During the notice period, the liquidator can proceed with the tasks such as:
- Cancelling the corporate bank account
- Tax clearance from all the departments
- Selling or transferring the company assets
- Revoking all the employees' visas
- Attempting to clear the due of the employees
Right after the completion of the notice period, the liquidator must,
- Prepare a liquidation report
- Submission of company documents to the registrar
- The registrar will review and analyze the submitted documents and the liquidation report. If everything complies with the laws, they will issue the De-Registration Certificate/License Cancellation Certificate.
Contact MTR Experts in Dubai
The company liquidation process in Dubai is nerve-wracking and puts you under mental pressure as you close your dream business. In this case, having someone to take care of the liquidation process can make you feel stress-free and hassle-free.
Get in touch with us today!
Frequently Asked Questions
How can I liquidate a company in Dubai?
- Set up a formal letter of acceptance from a licensed liquidator.
- Fill out the necessary paperwork and submit it through DED or another authorized channel to request cancellation.
- A certificate of liquidation will be issued by DED.
- Post the liquidation notice in two local newspapers.
If you require assistance in liquidating your company in Dubai, get in touch with us! We will help you to liquidate your company without any hassles.
How much does it cost to close a company in Dubai?
A payment voucher for the AED 3,020 deregistration fees will be provided to you. The certificate of deregistration can be obtained, and payments paid for through authorized payment channels.
Who can be a liquidator in UAE?
The liquidator is regarded as the company's legal representative. The appointment of the liquidator and the authority granted to him are governed by rules in Federal Law No. 2 of 2015 on Commercial Companies (the "Companies Law"). A liquidator may be appointed by the partners or the general assembly, or the court.
Do employees get paid when company goes into liquidation in UAE?
Company liquidation is the process of closing a business and selling all its assets to pay all of the creditors as well as the employees.
Can you start a new company after liquidation?
Yes! There is no law or rule that stops a director from forming a new company immediately after the liquidation of his previous one.
