Key Takeaways:

• Company liquidation in Dubai is the formal process of closing a business, settling debts, selling assets, and de-registering the entity.
• Liquidation can be voluntary (initiated by owners) or compulsory (court-ordered due to insolvency).
• Appointing a licensed liquidator (typically an audit firm) is a mandatory step for most liquidations.
• All liabilities, including employee dues, supplier payments, and government fines, must be settled before final de-registration.
• The process for liquidating a Business setup in Dubai varies slightly between mainland and free zone companies, but both require strict adherence to legal procedures.

While the aspiration for every Business setup in Dubai is sustained growth and success, circumstances can arise where winding down operations becomes necessary. This process, known as liquidation, is a formal and legally mandated procedure to close a company. It involves selling off assets, settling all outstanding liabilities, and formally de-registering the business with the relevant authorities. Whether due … Read More