Company Liquidation Services
Al Mushthary provides reliable and efficient company liquidation services across UAE, KSA, Qatar, Bahrain, Oman, The UK, and the USA with hassle-free and compliant processes.
Our expert teams guarantee compliance with all local requirements and develop permanent and effective resolutions to address your company’s problems. Whether your company is winding up or restructuring, Al Mushthary is always with you to guide you throughout the journey.
The process of liquidation is complex and time-consuming, so Al Mushthary is by your side to deliver a one-stop solution for all your problems.
Our professional and trained liquidators understand the legal procedures, and ensure that the process of liquidation is completed quickly and efficiently. Our services strive to shield your concerns and assist you in realizing a successful and permanent outcome.
Be it incurring financial losses or simply closing operations, our team steps in and walks with you through every step of the liquidation process.
Al Mushthary is the best company liquidation service provider in UAE.
Categories of Company Liquidation
There are two major categories of company liquidation.
Voluntary Liquidation and Mandatory liquidation
Let us have a closer look:-
- Voluntary Liquidation: Voluntary liquidation takes place at the discretion of a company when it decides to cease its operations. There can be several reasons such as financial losses the demise of the proprietor, achieving or failure of the business goals, or the realization that the company no longer serves its intended purpose.
Voluntary Liquidation involves a business’s strategic decision.
Al Mushthary provides highly qualified assistance for the voluntary liquidation of the business, ensuring compliant and smooth exit procedures.
- Mandatory Liquidation: Mandatory Liquidation is a process in which a company is forced to shut down as a result of a violation of law insolvency or any fraudulent activity, and is unable to meet debt obligations. In such cases, the relevant authority or court may restrain further operations by ordering the closure of the business.
This type of liquidation is mandated legally by law, and the process involves the liquidation of the company assets to pay off the debts to the creditors. This process is complex and time-consuming, requiring the firm to engage a qualified and certified liquidator to navigate through the intricacies of the legal process while ensuring compliance with all regulations.
Al Mushthary guarantees efficient and compliant mandatory liquidation ensuring all the steps from handling company assets and paying off debts to creditors.
Company Liquidation Process – Step-by-Step Guide
The company liquidation process involves several steps, which must be fulfilled within the applicable laws and regulations. Below, we will highlight the typical steps in company liquidation.
- Board of Directors Meeting
2. Submission of Application for Liquidation
3. Publication of the Dissolution Decision
4. Liquidator Acceptance
5. Notice Period
6. Bank Account Closure
7. Final Tax Submission & Tax Deregistration
8. Visa Cancellation & Settlement of Dues
9. Liquidator Audit Report
10. Liquidation Certificate
At Al Mushthary, we provide professional support in every phase of company liquidation, ensuring strict compliance with legal requirements and an unobstructed transition.
Al Mushthary: Your Trusted Liquidator
Al Mushthary is a government-approved liquidator with extensive experience in company liquidation processes across the UAE, Saudi Arabia, Qatar, Bahrain, Oman, the UK, and the USA. We provide tailored liquidations for all legal forms.
Partner with Al Mushthary for all your liquidation services!
