Trustword: Your trusted choice for Company Liquidation
The company liquidation process can be lengthy and costly because companies must liaise with a number of external parties and authorities to arrange everything in a timely manner. Missing out any step or document can cause unnecessary delays and complications.
The company liquidation process in the UAE has also become more complex in recent years with the introduction of Value Added Tax (VAT), Economic Substance Regulations (ESR) and Ultimate Beneficial Ownership (UBO) rules, which means the companies need to approach the winding-up process more carefully.
Trustword offers company liquidation services for all UAE entities – LLCs, free zone companies and offshore companies – from a complete liquidation to assisting with a part or parts of the process, as required by the client. Please contact Sovereign Dubai for further information about our liquidation services.
What is Company Liquidation?
Company liquidation is the formal process of closing a business entity and settling its legal, financial, and operational obligations. It involves:
- Ceasing business operations
- Settling outstanding liabilities
- Distributing remaining assets (if any)
- Cancelling licenses, visas, and deregistering the entity from the authorities
When Do You Need Liquidation Services?
- Voluntary closure by shareholders/directors
- License expiry or non-renewal
- Strategic restructuring or mergers
- Insolvency or financial inability to continue operations
- End of project or contract-based companies
Company Liquidation Process in the UAE
Trustword handles every step of the process with full legal and administrative support:
- Board Resolution / Shareholder Approval
Drafting and notarizing the resolution to liquidate the company and appoint a liquidator. - Appointment of a Registered Liquidator
We assist in appointing a licensed liquidator (where required) to oversee the process and issue the final liquidation report. - Clearance from Government Authorities
- Labour & Immigration clearance
- VAT deregistration (if applicable)
- Clearance from utilities, banks, and other service providers
- License & Visa Cancellation
- Trade license termination
- Cancellation of employee visas, establishment cards, and company-related services
- Liquidation Report Preparation
Preparation and submission of final audit/financial reports, liquidator’s letter, and related documentation. - Public Notice (if required)
Publishing a notice in a local newspaper (mandatory in Mainland liquidation) to allow creditor objections, typically within 45 days. - Final Deregistration
Submission of all clearance certificates, legal documents, and the liquidation report to obtain the official closure certificate.
Types of Entities We Liquidate
- Free Zone Companies (DMCC, JAFZA, DAFZA, IFZA, etc.)
- Mainland LLCs
- Branches of Foreign Companies
- Professional Firms & Sole Establishments
- Offshore Companies (JAFZA Offshore, RAK ICC, etc.)
Why Choose Trustword for Liquidation?
- Hassle-free end-to-end process management
- Coordination with legal authorities, auditors & banks
- Cost-effective and timely service
- Avoidance of penalties due to non-compliance
- Expert guidance for asset distribution & final reporting
Don’t Risk Delays or Fines.
A non-compliant liquidation can result in penalties, blacklisting, and legal complications. Let Trustword ensure your company closure is clean, compliant, and complete.