Expert Company Liquidation Services in Dubai
We at IDS Group realize that closing a business may be just as difficult as starting one. As a leading Business Setup Company in Dubai, we provide full company liquidation services to ensure a seamless and compliant closing of your Business Operations.
Company Liquidation is a multi-step Legal and Administrative procedure that is quite complex. IDS Group offers complete assistance to guarantee that the liquidation of your business is completed effectively and in accordance with all Dubai legislation. The procedures for liquidating a Limited Liability Company (LLC) in Dubai are listed below.
Steps in Company Liquidation:
- LLC Cancellation
Initiate the liquidation process by formally terminating the LLC with the appropriate authorities.
- Board Resolution & Court Approval
Obtain a Board Resolution approving the Liquidation, which needs authorization from the court.
- Initial Application
Contact the Department of Economic Development (DED) to submit the initial liquidation application.
- Appointment of Liquidator
Assign the management of the liquidation process to an approved liquidator. Along with supervising the liquidation, the liquidator will provide a statement of accounts.
- First Stage Payment to Auditor
Pay the designated Auditor the first Payment so they can examine and accept the Business's Financial statements.
- Newspaper Advertisement
Post a notice of Liquidation in at least two local newspapers, giving any creditors 45 days to make claims.
- Second Stage of Liquidation
Following the notice time, continue with the Liquidation Process' completion.
- Immigration Zero Print
To verify that all Visas under the Company have been canceled, obtain the Immigration Zero print.
- DED Submission
Send the Liquidation Documents to the DED, along with the Liquidator's Statement and the Auditor's report.
- Payment Voucher from DED
Receive and settle the DED-issued Payment Voucher for the Liquidation process.
- Cancellation Certificate from DED
Obtain the official DED Cancellation Certificate, which confirms the Liquidation completion.
Benefits of Choosing IDS Group for Liquidation Services
- Complete Support
From the first consultation to the final deregistration, we give complete help throughout the Liquidation Process, covering every element to ensure a smooth transition.
- Customized Approach
We understand that each company is different. Our solutions are customized to meet the unique requirements and circumstances of your company, ensuring a successful and personalized Liquidation Process.
- Seamless Execution
With strong connections with local authorities and a full understanding of Legal process, we speed the Liquidation process, reducing delays and assuring a smooth closure.
- Reliable and Trustworthy
Our dedication to professionalism and expertise ensures that we will manage your Company's Liquidation with the utmost care and honesty.
IDS Group is a reliable source for Effective & Professional Company Liquidation Services in Dubai.