Liquidate company
In the UAE
Simplify the company liquidation process in UAE with Litrix. Our expert team handles every step, ensuring a smooth, legally compliant closure for businesses across Free Zones, Offshore, and Mainland UAE.
Liquidation Services in Dubai
Liquidating a company in Dubai can be a complex and time-consuming process, but our team of experienced liquidators in the UAE is here to simplify the legal procedures and support you every step of the way. If your company is facing financial challenges such as insufficient revenue or significant debt accumulation, we can provide the assistance you need.
At Litrix, we prepare a detailed Liquidator’s Report, also known as a No Liability Letter, created by a professional auditor. We then issue an Appointment of Liquidator’s Letter to notify the relevant licensing authority, followed by a Final Liquidator’s Report, ensuring that all potential liabilities of the company have been verified.
Choose Litrix to navigate the complex landscape of company liquidation in Dubai with ease, offering expert support at every step.
In UAE there are two types of Liquidations
Voluntary Liquidation: When business owners decide they no longer wish to operate or are unable to continue running the business, they make a collective decision to exit the market through voluntary liquidation.
Mandatory Liquidation: This occurs when the licensing authority or a UAE court mandates the company’s liquidation due to actions that violate regulations or are outside the scope of their permitted business activities.
How Litrix is different from others
As an experienced Auditor and Liquidator, Litrix understands the financial intricacies of companies across various industries. This expertise enables us to streamline the company closure process, making it as smooth as possible. Litrix has successfully liquidated numerous entities, including Limited Liability Companies, Free Zone Companies, and Offshore Companies. We assist business owners in exiting their ventures legally and efficiently.
As Liquidators, our responsibilities include:
- Drafting the Board Resolution
- Publishing advertisements in English and Arabic newspapers
- Settling with employees
- Resolving debts with creditors and suppliers
- Preparing the Liquidator’s ReportSubmitting the final report to the relevant authority to obtain the De-Registration Certificate
- Submitting the final report to the relevant authority to obtain the De-Registration Certificate
- Closing bank accounts
- Obtaining NOCs from DEWA and local telecom companies
- Cancelling registered tenancy agreements
- De-registering with the FTA
- Preparing the Liquidator’s Report
- Visa cancellations
- Drafting the Board Resolution
- Publishing advertisements in English and Arabic newspapers
- Settling with employees
- Resolving debts with creditors and suppliers
- Preparing the Liquidator’s ReportSubmitting the final report to the relevant authority to obtain the De-Registration Certificate
- Submitting the final report to the relevant authority to obtain the De-Registration Certificate
- Closing bank accounts
- Obtaining NOCs from DEWA and local telecom companies
- Cancelling registered tenancy agreements
- De-registering with the FTA
- Preparing the Liquidator’s Report
- Visa cancellations
At Litrix, we provide comprehensive company liquidation services for all Free Zones across the UAE, ensuring a seamless and compliant closure process.
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