You need to make sure that your company is not under any kind of debt towards government agencies or private persons before you begin the process of dissolving your company. Once you verify no debts, then you may start liquidating your company. The main prerequisite for wrapping up a company is the absence of debts or liabilities.
It is mandatory to submit all pertinent liquidation documents on time; otherwise, it will subject you to penalties. Irrespective of the type of business, you must also cancel your business license and other associated approvals.
Business Liquidation Services in the UAE:
- Devising a strategy for a company’s liquidation
- Sending applications to the government departments
- Deregistering of certificates
- Preparing legal documents
- Preparing company board resolutions
- Assembling clearance letters
- Bank account closures
- Obtaining no liability certificate from banks
- Visa cancellations
AKA Management consultancy provides company liquidation services across the UAE for limited liability, free zone, and offshore companies. Our team assists the clients from the start till the final process. From attaining departmental clearance certificates and managing bank queries to documentation and labor and immigration clearance, we carry out each process smoothly and make you worry-free. Moreover, we have hired experienced, skilled staff that is knowledgeable about the numerous methods of business liquidation. AKA has made the business liquidation process a much easier task.