Process and timing
Preparation of decision / protocol for the liquidation of the company.
Appointment of a liquidator.
Preparing and submitting de-registration documents to the Department of Economy and Tourism.
Publication of a notice in two local newspapers.
Preparation of the liquidator’s report.
Payment of debts to creditors. The distribution of the remaining assets to the founders.
Submission of the application for liquidation to the Department of Economy and Tourism.
Appointment of a liquidator.
Preparing and submitting de-registration documents to the Department of Economy and Tourism.
Publication of a notice in two local newspapers.
Preparation of the liquidator’s report.
Payment of debts to creditors. The distribution of the remaining assets to the founders.
Submission of the application for liquidation to the Department of Economy and Tourism.
Liquidation of Mainland company
Result: After the necessary documents have been filed, the company name will be removed from the Commercial Register and the Department will issue a certificate of deregistration.
Time: 3−6 months on average.
Time: 3−6 months on average.
A simplified liquidation procedure is provided for single-party companies (SoleProprietorship / Establishment).
Liquidation of the Free Zone Company
Each Free Zone has its own requirements and nuances in the company liquidation process. It is broadly similar to the Mainland company liquidation process, but some steps are different. For example, companies in certain Freezones do not have to make a publication in local newspapers. In addition, it is often possible to go through the liquidation process via an electronic portal, which is a single window of communication with the freezone administration.
Time: it depends on the particular freezone. Generally quicker than a Mainland company liquidation.
Time: it depends on the particular freezone. Generally quicker than a Mainland company liquidation.
How can we help?
We are ready to accompany the whole process of liquidation of your company on a turnkey basis, including:
Prepare all necessary corporate resolutions and documents.
Appointing a liquidator.
Request and help collect all necessary documents and certificates from third parties.
Submit an application to the Department of Economy and Tourism or the Freezone Administration.
Organize the publication of the liquidation notice in newspapers.
Coordinate the whole process and communicate with state authorities.
We will give you the liquidation documents.
Appointing a liquidator.
Request and help collect all necessary documents and certificates from third parties.
Submit an application to the Department of Economy and Tourism or the Freezone Administration.
Organize the publication of the liquidation notice in newspapers.
Coordinate the whole process and communicate with state authorities.
We will give you the liquidation documents.
How do we work?
We will send an offer promptly
It tells you how you can solve your problem.
We will get the result and forward it to you
Sign a contract and get started
Tell us about the task at hand
Describe the situation, tell us what needs to be done and what the time frame is.
If the conditions are comfortable for you, we will conclude a contract and start work as soon as we receive the necessary documents from you.
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We will notify you promptly when the task is completed and hand over the necessary documents.
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