At FAR Consulting Middle East, we provide professional company liquidation services in Dubai and across the UAE. The liquidation process is carried out by our qualified, licensed liquidators, which includes drafting resolutions, settlement of outstanding debts, notice publication, and final deregistration.
It’s important for businesses to comply with laws related to closing any mainland LLC, free zone company, or offshore entity. Ensures compliance with all UAE laws, including Federal Decree-Law No. 32 of 2021 and No. 51 of 2023. At FAR Consulting Middle East, we make business closure simple, compliant, and, above all, stress-free.
Request A ProposalIt occurs when the shareholders or owners of the company choose to close it voluntarily. In this type of liquidation, the company is usually solvent; that is, it can pay off its debts. The whole process is conducted by a licensed liquidator who oversees various activities, including settling liabilities, asset disposal, and license cancellation.
Voluntary liquidation is carried out due to various reasons, such as
Compulsory liquidation is initiated by court order when a company becomes insolvent or unable to pay its debts. Such a liquidation petition is filed by one or more creditors before the court. Thereafter, a liquidator is appointed by the court and entrusted with duties such as the sale of a company’s assets and their proceeds’ distribution to creditors.
The UAE requires company liquidation as a mandatory step to prevent legal and financial consequences, as ignoring specific procedures will result in penalties and future business restrictions in the UAE.
The Official Portal of the UAE Government states that entities must cancel their business licenses and pay all outstanding liabilities to prevent penalty enforcement for expired licenses.
Our company liquidators at FAR Consulting Middle East will handle every detail of the process with complete transparency and efficiency.
The key benefits relating to the professional company liquidation services offered in the UAE by FAR Consulting Middle East include:
FAR Consulting Middle East provides transparent and professional company liquidation services in Dubai and throughout the UAE while following all UAE regulatory requirements.
The Middle East FAR Consulting offers liquidation services from beginning to end. The services provided by us include: