Business Setup and Liquidation Services

Best Liquidation Services in UAE

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:

  • The main purpose for business setup is fulfilled and the commodity is not required anymore.
  • The organisation is regarded to be insolvent.

Know Liquidation Types

  • Compulsory liquidations:  Compulsory liquidations are important when there are pending debts that are not paid. In such situations, the credits request the authorities to liquidate the organization to get the dues. The authorities decide to sell the company assets too. These are done to pay the outstanding dues. 
  • Voluntary liquidations: Voluntary liquidations are done when the board members of an insolvent firm choose to stop further functioning and plans to liquidate the assets.

 

AVA Accounting and Bookkeeping Services Dubai

Quick Enquiry

Liquidation services in UAE are quite tedious and it involves lots of application, Reregistration process and settling the government departments. To maintain the right track of all the processes, proper application submission and certificates reregistering is important.Professional liquidation services require a proper understanding of existing laws. It helps to meet the requirements as given by the land laws. We provide advanced liquidation services in UAE to free zone companies, liability companies and offshore firms across UAE. We also provide free liquidation to our customers. We offer the right business consultancy services that determine your company objectives like time, risks, costs etc. AVA is one of the third-party liquidators that performs independently that finds quick solutions. Throughout the process, we work as a mediator between you and the government bodies to conclude with a mutually acceptable end.    Let’s dig deep into our process of liquidation processes.

Examining the Investment Scope

 We analyse company liabilities, commitments and assets.Through our detailed examination, it is possible to check

  • Recovery of debt
  • Claims management
  • Close creditors
  • Liquidation costs

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.

It includes:

  • Contract termination
  • Payment settlement
  • Deregistration

Our competent staff handle the foundation services with much transparency and efficiency. We handle your case in the house, unlike other agencies that outsource the services. We assign an expert to take care of your case right from the start till it finishes. Thus our clientele has the best from us every time they approach us.

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.

We have round the clock services, get in touch with us and speak to our experts for a better tomorrow.

FAQ ?

Define Company liquidation process?

Company liquidation is the process of ceasing the trade, selling the assets, returning the valuables to creditors etc. you may feel it simple but there are lots of steps in between that must be carried out correctly.

What is the duration of a liquidation process?

Duration of liquidation solely depends on the company’s situation. A large sized company may take some years to complete the whole process but a small sized company only takes a few months to complete it.

Is it possible for a company to trade during the liquidation process?

No, a company under liquidation should not trade as it increases indebtedness. An administrator may select for a company’s pending sale for trading.

Is it possible to stop liquidation and continue the company's operations?

Usually, liquidation is the company's end. But there are some cases where the liquidation could be terminated.

AVA Consultants is an approved Auditing/Accounting firm and VAT Consultants operating from Dubai- UAE.

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