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Company Liquidation in DMCC calls for termination or winding up the operations of businesses. To proceed with DMCC Company Liquidation there are a few considerations to be taken. Considerations that should be taken are settling the businesses property, assets and its liabilities.
DMCC is the dedicated global centre for more than 17,500 businesses from a wide range of industries and sectors, as diverse as agro, energy and financial services to diamonds, gold and base metals. As a DMCC member, you can access all the advantages of unparalleled trade connections direct to Dubai, the UAE and world’s key commodities markets.
Our Business Liquidation Services in DMCC Includes
Preparation of Resolution
Assistance in preparing the Board of Directors/Shareholders' resolution
Preparation of Resolution
Our experts will Assist you in preparing the Board of Directors/Shareholders' resolution.
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Preparation of Audit Report
Auditing financial statements for the purpose of liquidation
Preparation of Audit Report
Our experts will do the detail Auditing of financial statements for the purpose of liquidation
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Statement of Affairs
Preparing the Statement of Affairs
Statement of Affairs
A Statement of Affairs (SOA) is a document that provides an overview of the company’s assets and liabilities.
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Liquidator's Report
The Liquidator shall issue the liquidation report for the company.
Liquidation Report
Our experts will help your company in preparing the process of liquidation by preparing the liquidation report.
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No Liability Letter
Assists in receiving the no liability letter from the concerned authorities and people.
No Liability Letter
A legal document issued by the bank/creditors stating that the customer has paid off and settled all outstanding dues to the lender.
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Documents Submission
We will assist you in the submission of all the documents for getting the liquidation done.
Documents Submission
After verification of all the legal documents we will help you to submit the legal documents along with the liquidators report.
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Procedure of Liquidation Service in Dubai Includes
The nominated auditor must be a regulated auditor.
Passing of the board resolution
The board of the company has to issue a resolution that the company is under liquidation, appoint a liquidator, and mention the name and address of the appointed liquidator.
Placing of Newspaper Advertisement
The appointed liquidator must announce a brief of the board resolution and the liquidation in two local newspapers.
The creditors (if any) must submit their claim or/and their objections (if any) within the time limit mentioned in the announcement. Other interested parties have the right to object the liquidation during the time limit.
Make sure that the clearance letter is received from all the creditors,banks,government etc.
After making sure that the task is fully completed, the liquidation report must be issued by the appointed liquidator
an application for the company deregistration along with a copy of the liquidation report must be submitted to the company’s registrar. Once the application is approved, the company’s registrar office will issue a certificate of deregistration.
Steps for Liquidation of a Company in DMCC Includes
Complete all the necessary sections in the DMCC portal and proceed with uploading the requirements for company termination.
You will have to cancel all the active visas, PIC and TAC through the DMCC portal. If you have already cancelled all the active visas, PIC and TAC you can skip this step.
Once you complete uploading the 1st set of requirements in the 3rd Step upload the 2nd set of requirements for company termination.
You should submit all the original document requirement to DMCC.
A copy of the liquidator’s report should be uploaded on the SR and submit the original to the DMCC.
The termination of license will be published by DMCC for a period of 14 days.
You will be receiving de-registration and license termination letters. The original of these copies has to be collected from the DMCC.
Why chose Alya Almarzooqi Auditors for Company Liquidation in DMCC?
- Licensed Auditors in the UAE as well in DMCC
- Well experienced professionals in handling Company Liquidation
- Quick approvals from Banks and Authorities
Alya Almarzooqi Auditors ensures clients with the apt procedures for Liquidation of Company in DMCC. Get in touch with our team for an initial consultation on how to proceed with in the most appropriate proceedings for Company Liquidation in DMCC.
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