A Company liquidation is the process by which a company owner or promoter wishes to close the company for various reasons. From bankruptcy to relocation, when a company is incorporated in any of the seven Emirates in the UAE and the license expires without the desire to renew, it is better to properly liquidate the company if no buyer is found. Should a company owner leave the license renewal for too long without starting the liquidation process, the managers or owners as the case may be are in for a huge fine from the government.
Rather than be subjected to unplanned spending, it is advisable that the company is liquidated by notifying the government. At dubaibusinessetup, we are highly skilled professionals in handling your company’s liquidation process and we will ensure that we assist you, so that the process is speedy. Contact our skilled professionals for a free consultation.