Company Liquidation

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Company Liquidation

Liquidation is a formal insolvency procedure

in which a company needs to follow some procedures before closing down. If not handled by a professional expert, it can be a time-consuming process. Our team of professionals can assist you with the entire process, from initial winding up to final report preparation.

Companies that were once operational may no longer be so, either because the business has ended or the company is about to be dissolved. These services, as well as the process leading up to deregistration, can be guided by a professional company liquidation expert.

According to UAE commercial law, company liquidation should be performed or the company may be liquidated and deregistered in any of the following circumstances:

  • When the majority of the company’s shareholders agree or decide to liquidate the company.
  • If the company is operating at a loss that exceeds half of its authorized capital.
  • If the company is ordered to be dissolved by a court of law.
  • Some exceptional cases in which an important member of the company leaves and the shareholders decide to discontinue operations.

If you need assistance with company liquidation, contact Arabian Marine Agency Business Consultants and we will walk you through the procedures involved for company liquidation in Dubai.

we will walk you through the procedures involved for company liquidation in Dubai.

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