Company Liquidation
Company Liquidation Service In UAE
Company liquidation involves closing down a business and requires several important steps. SmartFast’s consultants guide you through each stage, from initiating the winding-up process to preparing the final statement of affairs and liquidation report.
Companies may cease operations for various reasons. Some stop functioning, while others wind up after completing their business agreement term. In either case, the company will eventually dissolve. You need a professional liquidation specialist to guide you through the process until deregistration.
Liquidation can be complicated if experts don’t handle it. The process involves finalizing the company’s affairs, liquidating assets, assessing commitments, and distributing proceeds among shareholders and creditors.
There are several circumstances that trigger company liquidation in the UAE:
When the majority of shareholders agree or decide to liquidate the company, the liquidation process must be initiated as per the agreed terms and applicable laws.
If the company incurs losses exceeding half of its authorized capital, it may need to initiate the liquidation process in accordance with the applicable laws and regulations.
If a court issues a ruling to dissolve the company, the liquidation process must be initiated as per the legal requirements outlined in UAE law.
SmartFast offers expert company liquidation services in the UAE. Our team guides businesses through every step of the company liquidation process, from winding up to deregistration, ensuring full compliance with local laws..
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Smart Fast Business Service
Office No:467
Green Community Village
Dip 1 - Dubai
P.O.Box 294474
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