Liquidation is often known as closing or winding up an organisation which is also a formal insolvency process. It includes the liquidation of company assets, settling the debts, transactions pending balance to company shareholders etc.
After liquidation, the company stops functioning and terminates the employees too. Also, the company license will be abolished from the trading registry.
So, why liquidation is required?
Company liquidation in the UAE is required mainly for two reasons:
Know Liquidation Types
We analyse company liabilities, commitments and assets.Through our detailed examination, it is possible to check
Liquidation process strategy: The next process is to plan the liquidation strategy that shows the liquidation schedule, liquidation management and advance payments to shareholders.
Final closure: This step involves the final closing of the liquidation processes.
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Every client regardless of the company size must be able to approach a professional at affordable costs. Yes, we are here for you to advise you on the measure to be taken for business set up and liquidation processes.
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