Company Liquidation in the UAE

What Constitutes a Tax Residency Certificate in UAE?

Company liquidation, also known as winding up or closing a company, is a formal insolvency process that marks the conclusion of a company’s operations. This process involves the systematic disposal of the company’s assets, with the generated proceeds allocated towards settling existing debts and outstanding obligations. Any surplus funds remaining after debt settlement may subsequently be distributed among the company’s shareholders.

Upon completion of the liquidation process, the company ceases its operational activities and workforce engagement. As part of this procedure, the company’s business license is revoked, and its name is expunged from the Trade Registry. Consequently, the legal existence of the entity is terminated.

Our team at ATC Group are well versed in the liquidation requirements of different licensing authorities and our consultants can guide you through the liquidation procedure in a hassle free and simple manner. We provide a complete company liquidation service package, seeing through the whole process of company liquidation and ensuring the shareholders are not left with any future arising liabilities.

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