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What is Company Liquidation?

Company Liquidation is a formal process that is followed when a company is closed down and all assets owned by the company are sold to benefit the shareholders.

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What is Company Liquidation?

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  1. What is Company Liquidation?

  2. AN OVERVIEW Company Liquidation is a formal process that is followed when a company is closed down and all assets owned by the company are sold to benefit the shareholders. It is often referred to as the insolvency procedure and includes the deregistration process as well. At the end of company liquidation, the shareholders and creditors receive compensation as per a calculated percentage and the company ceases all its operations.

  3. Types of Liquidation: Company liquidation in Dubai, UAE is of the following types: 01 Voluntary Liquidation 02 Involuntary Liquidation 03 Compulsory Liquidation

  4. Voluntary Liquidation In voluntary liquidation, the decision for the dissolution of a company is taken by the owners of the company, directors and shareholders.

  5. Involuntary Liquidation Involuntary liquidation occurs when the shareholders decide that the company is incapable of continuing its business due to poor operating conditions, massive losses, debts incurred, etc. Involuntary liquidation is often a measure taken to stop losses for a company.

  6. Compulsory Liquidation Compulsory Liquidation is a mandatory liquidation that occurs when investors and creditors initiate legal action against a company for not being able to clear dues on time.

  7. What is required for Company Liquidation in Dubai, UAE? • The following documents are necessary to initiate the company liquidation process in UAE: • Emirates ID • A Copy of Shareholders’ Passport • Shareholders Resolution • A Copy of Business License • Deregistration Application Form • Power of Attorney (If Any) • A Copy of Memorandum of Association (MOA)

  8. MPMS Company Liquidation Services • At MPMS, we have a team of expert company liquidation consultants that help you: • Complete the documentation process • With the paperwork to clear debt and settle claims • Obtain clearances from DDA Finance Department, • Get the go ahead from Dubai Customs Department, • Complete the process with DDA IT Section, and more. • Our experienced liquidation consultants help you through the entire dissolution process so that you can exit your company from the UAE without legal hassles. understand the complexities of your business and offer an effective solution to help you wind up your company smoothly.

  9. Why Choose MPMS? Struggling with unpaid debts or an uncertain future of your company? Invest in professional company liquidation services to wind up your business hassle-free. MPMS is a trusted and reliable company liquidation services provider that deeply understands the complexity of your business and assists you throughout the liquidation process to help you move out legally and smoothly.

  10. THANKS! CONTACT US +971-55 (554) 0853 info@themilestoneuae.com www.themilestoneuae.com

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