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Company Liquidation

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Company Liquidation

Our liquidation services are available to all types of entities, including limited liability companies, free zone companies, and offshore companies in Dubai, Sharjah, Ajman, Abu Dhabi, Fujairah, and Ras Al Khaimah. We provide assistance with the preparation of mandatory documents required for liquidation, such as Board resolutions, power of attorney, audit reports, and liquidator's statements.

Starting a business from scratch can be a difficult task, and similarly, dissolving a company can also be a challenging process. Liquidating a company involves a lengthy and labor-intensive procedure that requires significant paperwork and legal formalities. It is practically impossible to carry out the entire process on your own, whether it is starting a business or liquidating it. As you will need to interact with governmental and regulatory authorities and firms, it is crucial to have professional staff to assist you and your business. Trained professionals have the necessary expertise and knowledge to carry out these processes effectively while saving you both time and money.

Before you start the process of dissolving your company, it is important to ensure that your company has no outstanding debts owed to government agencies or private individuals. Once you have confirmed that there are no debts, you may proceed with the liquidation process. The main requirement for winding up a company is the absence of debts or liabilities.

It is mandatory to submit all relevant liquidation documents within the specified timelines to avoid incurring penalties. Regardless of the type of business, you must also cancel your business license and associated approvals.

HIRE STARKS

We offer comprehensive liquidation services for both free zone i.e IFZA, DMCC, DIFC, JAFZA etc and mainland companies in the UAE. Our experienced professionals are well-versed in the legal requirements and procedures for liquidation in both types of entities. We can assist you in the preparation of all the necessary documentation, including Board resolutions, audit reports, liquidator statements, and more. With our expertise and support, you can navigate the liquidation process smoothly and efficiently.

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