Company Liquidation

Closing businesses in the UAE must undergo a legal process called company liquidation. Through this, the company’s assets are properly distributed among shareholders, creditors, and other concerned parties to ensure fairness and due diligence. Legal structures such as mainland LLC, sole establishment, or free zone formation undergo liquidation either through a voluntary or compulsory liquidation process.

As a premier corporate service provider in the UAE, IBG Consulting assists in company liquidation to entities in the UAE, including free zone and offshore companies.

Enquire Now

Why is Company Liquidation important?

Company Liquidation is a solution that offers the owners, shareholders, creditors, and other associated parties to lawfully dissolve company assets and receive the legal share of its liquid amount. It serves as an exit strategy for the investors by settling the company’s liabilities and debts before they spiral out of control. Once it is complete, the creditors cannot pursue the owners or directors for any form of payment. It also writes off unsecured debts.

The whole process does not require the presence of the owners and directors. It does not affect the shareholders’ personal properties as well.

Two Types of Company Liquidation

Company liquidation may be initiated through either of the two types:

Voluntary

As its name suggests, this is the type of company liquidation wherein the shareholders themselves decide to liquidate the company even if its current assets surpass the liabilities. During the process, the registered agent will hold a meeting among shareholders to pass a resolution declaring the dissolution of the company. This meeting will also appoint a liquidator who shall represent the company to the UAE and the court.

Compulsory

The court orders the dissolution under this type of company liquidation. This is due to creditors who have already seek legal means especially if the company refuses to cooperate with them. The court assigns an auditor to assess the company’s assets and implement the best way to distribute them among involved parties.

Liquidation Management

Company liquidation observes strict adherence to UAE’s laws and legal procedures. With IBG Consulting’s network of competitive accounting and law consultants, we ensure that we will provide you with a qualified and efficient approach to liquidation management.

What we offer

Liquidator Appointment

We arrange appointments with UAE’s most qualified liquidation officers to assist you and your company.

Accounts Management

We delegate an efficient accountant who shall oversee the liquidation process, documentation, auditing of company assets, dissolution revenues, and recovery.

Credit/Debit Management

We manage all due debts and tax distribution to creditors, employees, and service providers through legal channels

Requirements

To begin the company liquidation process, you will need to prepare the following documents:
  • A document declaring the liquidation of the company and appointment of the liquidator
  • Certified copy showing signatures of all company directors and liquidators attesting to the dissolution
  • Company Trade License and Certificate of Registration
  • Copy of liquidator’s license along with a letter stating the approval of the dissolution
Note: Jurisdictions may follow different processes and timelines as well as require other documents for the process.

Frequently Asked Questions

Know more about our services.

Freezing a company’s licence means keeping your licence inactive for a specific period. The trade license can remain dormant for between 1-3 years and cannot extend the three years, and a fee has to be paid to activate the licence.
As opposed to freezing, company closure or company liquidation is when the company's legal status is completely terminated.

A liquidator is a person or company that liquidates something, usually assets. When assets are liquidated, they are sold for cash or other equivalents on the open market. The liquidator has the legal authority to act on the company's behalf in various roles.

Yes, a company needs to seek a NOC from utility companies and government agencies to initiate company liquidation. All fees and taxes need to be paid.

If the parent company is liquidated, the branch will be dissolved.

The voluntary liquidation begins on the date when the members adopt a special resolution with the permission of creditors.

WHY IBG

Lowest price promise

24/7 at your service guaranteed

Stay home instant license at your door

Additional best value in same price

0% Installment Plan

Talk to an agent

The United Arab Emirates has become a world-class business hub as it is continuously served and nourished local and foreign investments.

Client Testimonials

Ahmad Khalil

I would like to thank harsha and sajad by names for the effort they did to get my visa done million thanks to all the team
Aeon International FZ-LLC

Deepa Nair

Thanks to Mr Mahesh and Ms Harsha for guiding us in every step towards registering our company. They made the process so smooth and easy for us that we recommend IBG consultants to get your work done in a most professional way. They responded to our queries any time of the day and the quality of their services were top class. Way to go IBG! Thanks and regards..
VMentor

RADHAKRISHNA

Thanks to Ms. Harsha and the team for guiding me towards registering my company. They made the process so smooth and easy for me. I will recommend IBG consultants to anyone to get their trade license process done in a professional way. Appreciate the quality of response to my queries , Way to go IBG!
Aspire Point Technical Services LLC

Marites Maite

We had our business processed by IBG Consulting, and they had exceeded our expectations. Mahesh Maddu did an amazing job explaining each process and throughout the whole registration. Harsha, who is in charge of the back-end processing, is prompt and efficient in updating us with our license. Overall, I highly recommend IBG Consulting for all your business licensing needs.
Project X1 LLC

Subashi Joshi

When we decided five years ago to start our business in Dubai, we approached IBG Consulting for our business license and other documents. From day one, we appreciate how they interacted and exerted efforts for us, each with a smile on their faces, until we finish the whole legal process. All necessary documents were processed within the timeframe.We can say that we have a good working relationship with IBG Consulting, and will remain as it is in the future. They are all very supportive and prompt in their services. They gave us the best solutions and treated us with respect. We wish them good luck and we look forward to more corporate services available from their agency.
Welldone International FZC

Ljiljana Conic

Our experience with IBG was and still is great. They helped us to support our clients to do business in UAE. Especially thanks to Mr. Erano and Ms. Fatima – efficient team of professionals. We ll definitely do business with them in future and recomend them to our clients.
Conic&Tonic - Republic of Serbia

Zuhair

Quality Business OrganizationEasy to reach, advertised in popular e-media, sociable personnel, high standard communication, segregate task assignment among employee, well trained and expert workforce, friendly feeling.
PRO Services

Ihab Dakak

Great Experience with IBGMy experience with IBG was great! the team is so supportive and continuously provided a high level of service. Indeed, Recommended.
Marketo Rex LLC

Rakesh

IBG helped me in getting my dependents.IBG helped me in getting my dependents’ visa processed. The service offered by IBG was great, and the most important part of the service is their response and being transparent, especially in terms of charges, timelines etc. I recommend to consult IBG for visa related services in UAE.
PRO Services

Rickee

Working with IBG was smooth like butter, this was made possible only by people like Mr.Mahesh, Ms.Harsha and Ms.Fatima. They are best in their respective jobs and maintained professionalism throughout my company opening process and follow up requirements.100% I will recommend IBG to my contacts!
PRO Services

Jenifer Silva

Excellent Customer Service. IBG helped us setting up our business smoothly. They go above and beyond – SUPERB customer service!! A big thank you to the operations team (Ms. Fatma and most especially to Mrs. Halima Amin).100% will recommend to my contacts!!
AromaPlus

RCB

Business Set-Up LicensingExcellent Work With Halina and IBG Staff, Very Professional and Supportive.
RCB Consulting

Ahmad Khalil

I would like to thank harsha and sajad by names for the effort they did to get my visa done million thanks to all the team
Aeon International FZ-LLC

Deepa Nair

Thanks to Mr Mahesh and Ms Harsha for guiding us in every step towards registering our company. They made the process so smooth and easy for us that we recommend IBG consultants to get your work done in a most professional way. They responded to our queries any time of the day and the quality of their services were top class. Way to go IBG! Thanks and regards..
VMentor

RADHAKRISHNA

Thanks to Ms. Harsha and the team for guiding me towards registering my company. They made the process so smooth and easy for me. I will recommend IBG consultants to anyone to get their trade license process done in a professional way. Appreciate the quality of response to my queries , Way to go IBG!
Aspire Point Technical Services LLC

Marites Maite

We had our business processed by IBG Consulting, and they had exceeded our expectations. Mahesh Maddu did an amazing job explaining each process and throughout the whole registration. Harsha, who is in charge of the back-end processing, is prompt and efficient in updating us with our license. Overall, I highly recommend IBG Consulting for all your business licensing needs.
Project X1 LLC

Subashi Joshi

When we decided five years ago to start our business in Dubai, we approached IBG Consulting for our business license and other documents. From day one, we appreciate how they interacted and exerted efforts for us, each with a smile on their faces, until we finish the whole legal process. All necessary documents were processed within the timeframe.We can say that we have a good working relationship with IBG Consulting, and will remain as it is in the future. They are all very supportive and prompt in their services. They gave us the best solutions and treated us with respect. We wish them good luck and we look forward to more corporate services available from their agency.
Welldone International FZC

Ljiljana Conic

Our experience with IBG was and still is great. They helped us to support our clients to do business in UAE. Especially thanks to Mr. Erano and Ms. Fatima – efficient team of professionals. We ll definitely do business with them in future and recomend them to our clients.
Conic&Tonic - Republic of Serbia

Zuhair

Quality Business OrganizationEasy to reach, advertised in popular e-media, sociable personnel, high standard communication, segregate task assignment among employee, well trained and expert workforce, friendly feeling.
PRO Services

Ihab Dakak

Great Experience with IBGMy experience with IBG was great! the team is so supportive and continuously provided a high level of service. Indeed, Recommended.
Marketo Rex LLC

Rakesh

IBG helped me in getting my dependents.IBG helped me in getting my dependents’ visa processed. The service offered by IBG was great, and the most important part of the service is their response and being transparent, especially in terms of charges, timelines etc. I recommend to consult IBG for visa related services in UAE.
PRO Services

Rickee

Working with IBG was smooth like butter, this was made possible only by people like Mr.Mahesh, Ms.Harsha and Ms.Fatima. They are best in their respective jobs and maintained professionalism throughout my company opening process and follow up requirements.100% I will recommend IBG to my contacts!
PRO Services

Jenifer Silva

Excellent Customer Service. IBG helped us setting up our business smoothly. They go above and beyond – SUPERB customer service!! A big thank you to the operations team (Ms. Fatma and most especially to Mrs. Halima Amin).100% will recommend to my contacts!!
AromaPlus

RCB

Business Set-Up LicensingExcellent Work With Halina and IBG Staff, Very Professional and Supportive.
RCB Consulting