Company Liquidation

The laws of most countries for company liquidation and closing of businesses vary from one country to another, either voluntary or compulsory.

In order to get the liquidation by consent one needs to do the following

Required documents

  • Commercial License Certificate
  • Copies of valid passports for concerned persons.
  • Copies of valid Emirates ID for concerned persons.
  • Copies of Family Book for UAE Citizens.
  • Copies of Signature authentication attested by the Notary Public.
  • The company’s Extraordinary General Assembly resolution attested by the notary public and stating that the partners decide to dissolve and liquidate the company, and appoint a legal liquidator.
  • A letter from the liquidator stating that he accepts appointment as a liquidator of the company

Procedures

  • Obtaining a Commercial Register certificate stating that the company is under liquidation.
  • The liquidator’s announcement concerning the liquidation of the company in two local newspapers for 45 days.
  • Submitting the original announcements after 45 days from the date of publishing.
  • The liquidator’s statement of no objection during the 45 days.
  • Letters addressed to any concerned authorities to cancel the Commercial license (Ministry of Labour – ADDC) in addition to the authorities that need cancellation letters.
  • Paying the prescribed fees and obtaining the License Cancellation Certificate.