Growth Partners

Corporate Compliance Services

Liquidation

Our Company Liquidation & Winding-Up Service in the UAE offers a thorough and structured process for the dissolution of businesses, ensuring full compliance with the UAE’s legal requirements. Designed to facilitate the smooth closure of companies, this service ensures that all legal, financial, and regulatory obligations are meticulously met, in accordance with UAE Federal Law No. 2 of 2015 on Commercial Companies and its subsequent amendments.

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Company Liquidation Services

Strategic Dissolution Planning: Our service begins with a careful planning phase, where we assess your company’s unique situation to develop a tailored liquidation or winding-up strategy that meets UAE legal requirements. This step is critical for ensuring an efficient dissolution process while remaining fully compliant with local laws.

Financial Assessment and Asset Liquidation: We perform a comprehensive financial review to accurately identify and manage your company’s assets and liabilities. Our expert team ensures the effective liquidation of assets, maximizing returns for creditors and shareholders while adhering to UAE legal guidelines, ensuring all financial obligations are cleared.

Adherence to UAE Legal Compliance: Navigating the complexities of UAE company liquidation laws, we manage all necessary documentation, deregistration processes, and compliance with UAE Federal Law No. 2 of 2015. Our team ensures your dissolution is executed in full accordance with the law, minimizing the risk of potential legal issues.

Transparent Stakeholder Communication: We manage communications with all stakeholders, including creditors, shareholders, and regulatory bodies, ensuring transparency throughout the liquidation process. This approach helps protect your company’s reputation and supports a smooth transition during the closure.

Completion of Legal Formalities: The final phase of the winding-up process involves the settlement of the company’s affairs and deregistration from the UAE Commercial Register. We oversee this process to ensure all legal and procedural requirements are met, ensuring the company’s closure is fully compliant.

Legal Implications of Non-Compliance: Failure to properly liquidate a company in accordance with UAE laws can result in significant legal and financial consequences. Non-compliance with liquidation procedures can lead to fines, ongoing liabilities for company directors, and potential legal challenges from creditors or regulatory authorities. It is essential to work with a service provider that ensures a comprehensive and legally compliant liquidation process.

Important Service Advisory:

During the preparation of submissions, it may become apparent that additional services or documents, not initially identified, are necessary to achieve full compliance. These findings could reveal areas of non-compliance that require further documentation or services beyond our initial offering.

Any outstanding penalties from the registry or other government departments at the time of liquidation must be settled before the completion of the winding-up process. As these penalties may vary and are time-sensitive, they are not included in our initial quote and will be billed separately by the relevant authorities.

The information provided does not constitute a recommendation or endorsement of any particular strategy, decision, or course of action. Clients are advised to consult with their tax, legal, or professional advisors to assess the relevance and applicability of the information to their specific circumstances. Growth Partners  Group disclaims any responsibility for errors or omissions in the information provided or for any loss or damage incurred as a result of reliance on it. The use of and reliance on this information is at the user’s own risk.

Once the application process is initiated, the responsibility for direct communication with the bank transitions to you. This phase is crucial, and although our involvement is limited by banking regulations, we ensure you are fully prepared to engage confidently and effectively with the bank.

In essence, our Enhanced Personal and Corporate Banking Application Assistance Service acts as your strategic partner throughout the banking application process, offering expert support, thorough preparation, and valuable insights. While we collaborate to navigate the complexities, the success of your application depends on your unique circumstances and the bank’s independent evaluation, reflecting the culmination of our joint efforts.

The information provided is for general guidance purposes only and does not constitute a direct or implied recommendation, endorsement, or advice regarding any particular strategy, decision, or action. Clients are encouraged to consult with their tax, legal, or professional advisors to assess the relevance and applicability of the information to their specific circumstances. Growth Partners Emirates expressly disclaims any liability for errors or omissions in this information, or for any loss or damage incurred by any individual as a result of relying on it. Use of and reliance on this information is solely at the user’s own risk.

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Frequently Asked Questions

Learn more about company formation in the United Arab Emirates

In the United Arab Emirates, you can establish entities like Limited Liability Companies (LLC), Free Zone Entities, Sole Proprietorships, and Branches of Foreign Companies.

The company formation process in the UAE can take anywhere from a few days to several weeks, depending on the type of company and the specific requirements involved.

The United Arab Emirates offers a tax-free environment for most businesses, with no personal or corporate income tax, provided the company qualifies for Free Zone status.

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