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Company Liquidation Services
UAE company liquidation requires a formal procedure with a strict qualified approach but with Precious Point, it will be a smooth exit strategy.Until now, if you have made the hardest decision to liquidate your company and are ready to close it. It is time to follow the law of land. Company liquidation is a continuous and tedious procedure including application to the registrar, de-registration process initiation and employee negotiation. You need to get involved with various governmental agencies for completion of the de-registration process.
In Abu Dhabi & Dubai, there is a strict procedure to follow to liquidate a company. Only an individual having complete knowledge of existing laws can assist to fulfill the liquidation requirements. Precious Point business setup is offering complete and highly customized liquidation services across the UAE. We liquidate limited liability companies, offshore companies, and free zone companies. We are experts at closing business without any hassle.
During the liquidation process, we work as mediator between the UAE government and you to find a faultless mutually satisfactory exit strategy. Our special services include finding a solution and advising you on cost, risk and time duration of the liquidation process. Our special tailored liquidation process involves only three steps.
Liquidation of UAE business in simple three steps
1. Understand the scope of liquidation
2. Initiating liquidation
3. Closing company
Understanding the Scope
In the first step, we sit with the client and critically analyze the current situation. Completely review company liabilities, assets, and commitments. A proper insight into the following issues:
- Management claims
- Debt recovery
- Disinvestment of assets
- Creditor and debtors claim
- Compliance performance
- Cost of asset liquidation
After a complete analysis of all these issues that we plan to liquidate business with:
- Outlining liquidation time table
- Payments to shareholders.
Initiating liquidation process
After critically analyzing the above-mentioned issues, we initiate a liquidation procedure with:- Nominating a liquidator -------a regular auditor
- Issue a resolution by the board of directors to the company stating name and address of the liquidator
- Dis-investment of assets
- Payment to creditors and debt recovery
- Fulfilling Government and Notary public liquidation requirements
- Documentation
- Prepare account of liquidation
Closing a company
Final liquidation includes:- Issuing a report of liquidation by the liquidator
- Application to the registrar of companies for the deregistration of the company along with liquidation report
- Contract termination
- Payments settlements
- Public notification
- After accepting application registrar of companies announces de-registration of the company
Why Precious point services
We have a team of experts in legal matters and they have been handling liquidation services for decades. We do not pass your case to the third party and hire externals to liquidate your company. We handle it in Precious point services from start to end. Our experts will provide you complete guidance throughout the liquidation process. It guarantees you peace of mind and confidence in us.
Please consult with our expert team without worrying about the cost. We advise you and provide your complete information regarding the liquidation of the company in the UAE without any cost.
To know further about UAE company liquidation services send us an inquiry.