COMPANY LIQUIDATION SERVICES

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:

1. Debt recovery

2. Claims management

3. Asset disinvestment

4. Intimate creditors and debtors

5. Perform compliance due diligence

6. 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:

1. Asset disinvestment

2. Debt recovery and creditors payments

3. Liaison with Notary and Government authorities

4. Preparing documents

5. Preparation of accounts for the liquidation

Final Closure

The steps in the final closure stage include:

1. Termination of contracts

2. Final settlement of payments

3. Information and publication

4. 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.