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Procedures of company liquidation in Dubai are no less burdensome than the establishment of companies and all related steps. We know that the last thing that matters to the person liquidating their company is attention to small or even large legal and administrative procedures. At HAM, we provided separate company liquidation services in Dubai. In its ability, HAM outperformed the liquidation process until it became the number one provider of this service within the United Arab Emirates
Company liquidation is one of the most troublesome things for any employer, so at HAM we provided Company liquidation services in Dubai and excelled at it where we have been leading the last 10 years under the supervision and with the help of a team of legal and financial professionals and consultants.
The company liquidation is simply intended to terminate a business and to cancel the contracts of a company appointed by decision of its owner or owners if the company is based on partners.
The company must apply to stop the business by completing the required prototype through the approved channels or the Department of Economic Development. In turn, the Department of Economic Development or the approved section will issue the liquidation credentials. This certificate must then be published as a filtering notice in two newspapers for people to know.
Note that only official liquidators accredited within the UAE can be selected to liquidate a free zone company. This includes the cancellation and liquidation of all employees’ visas during the liquidation of a free zone company. Thus, the letter of liquidation must be submitted only to the registered official auditor of the UAE Free Zones
Steps to work for company liquidation include several careful legal and administrative procedures that must take place until all matters related to the company liquidation process are completed. These are divided into two phases:
✴Ascertain the expiration month and inventory assets, identify liabilities, and obtain a detailed report from management. All liquidation work and its results are confirmed in a regular private registry.
✴ Selling the company’s assets and property, collecting its money from the debts of third parties, and selling the company’s assets and property in one deal or batches, through practice or by bidding, as required by the company's interest.
✴ Paying the company’s debts and obligations towards third parties, taking into account the priorities specified in the law
✴To complete all the projects finished before the liquidation, unless these new projects are necessary to finish any previous going project.
✴Representing the company in all litigation related to liquidation as a company agent.
✴Identify and repay partners' rights and provide a detailed account sheet containing all liquidation procedures and their results.
تُقدّم شركة HAM مجموعة من الخدمات المُحاسبية والإدارية التي تُسهّل على المُستثمرين وأصحاب الأعمال إنجاز أعمالهم بدقة وسهولة ودون قلق من أي مشاكل مالية أو إدارية قد تعوق مسيرتهم.