• Voluntary Liquidations
• Compulsory Liquidations
• Analyze the entire process for ease of execution
• Manage even the most intricate of processes and formalities
• Carry out the final closure process with ease

Ensure that all legal requirements are met and complied.

The Companies Law regulates the dissolution and liquidation of companies. Under UAE law, dissolution is a termination procedure. Liquidation is a radiation procedure for the realization of a company’s assets and, to the extent possible, the payment of its debts.

 Mabade is authorized to be appointed as liquidators and can prepare liquidation reports which is mandatory for winding up Companies and approved audit firm by DMCC (Dubai International Financial Center). The Company will be required to draft resolutions for winding up and appointing the liquidators. Once the liquidation process is complete, the Company will also be required to deregister the VAT account as well. The VAT experts in our team will be glad to take you over the process and provide necessary assistance.

We provide liquidation services for all entities – limited liability companies, free zone companies and offshore companies across Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, and Sharjah. We also assist in the preparation of Board resolution, power of attorney, audit report

liquidator’s statement etc, which are mandatory documents required for liquidation.

An alternative solution to exit from the liquidation formalities is to transfer the shares from liquidating company to a third party. We can arrange a third party who will purchase the liquidating Company and deal with all matters related. This will help the removal of the shares from the company for the shareholders and directors.
Company Liquidation Services

MABADE AUDITING OF ACCOUNTS is regulated and approved audit firm by DMCC (Dubai International Financial Center). We are also registered as an approved company liquidators with DMCC in Dubai, UAE. Company liquidation in Dubai involves legal procedure and it can be a complicated and time-consuming process. To minimize the legal liabilities & financial losses while cancelling a trade license in Dubai, we offer company liquidation services by coordinating with government authorities to ensure the smooth and hassle-free completion of the liquidation procedure.

Liquidation of a Company in Dubai, UAE

Liquidation, dissolution or de-registration of a company is referred to the closure of business operations after paying off the liabilities to the creditors and distributing the assets of the company to its shareholders & owners. This is the details legal procedure, the regulation of land is

taken place to ensure all stakeholders are being considered at the time of winding up the company in Dubai, UAE.

Types of Company Liquidation:

A company can be dissolved voluntarily or forcefully by authorities when it can no longer be able to pay its liabilities. UAE Company law states two types of company liquidation method:

Voluntary Liquidation

Compulsory liquidation

i) Voluntary Liquidation:

Voluntary liquidation is also referred to as shareholders liquidation. There are several causes that come into effect to voluntarily wind up a company such as expiry of the fixed duration, the purpose of the company formation is achieved, termination of the objects, merger of the company with another company, continuous business losses, the inability of the company to pay its debts. Shareholders of the company decide todissolve the entity to avoid further losses to occur.

ii) Compulsory Liquidation

Compulsory winding up a company refers to the forceful action when a company commit some serious offence against the law or insolvency of the company to carry business operations. It also comes into effect when creditors file complaints against the company to the local regulatory or authorities to claim their receivables. The local authority then takes action to forcefully liquidate the company and help the creditors to recover the money.

How to Liquidate A Company in Dubai & UAE

The first thing to do in de-registering a company is to designate a liquidator firm. Only approved liquidators can be hired to start the liquidation procedure as defined in official regulations. The

firm who offer company liquidation services helps in closing the company operations in compliance with UAE company laws. It is advisable to hire a listed liquidator to avoid the penalties from local authorities in UAE.

Procedure of Liquidating the Limited Liability Company (LLC) in UAE

Dissolving/Winding up an LLC Company involves the following major stages:

• BoD Meeting: Minutes of a meeting of the board of directors declaring to liquidate the company and appointment of regulated liquidator. This document must be attested by Notary Public.
• Official letter from liquidator: A confirmation letter from the registered liquidator stating to accept the responsibility to liquidate the company
• Application for liquidation: Submission of liquidation form along with fees to be submitted to the Department of Economic Development to get the company liquidation certificate

Advertisement in the newspaper: Place an advertisement in a local

• Arabic newspaper to announce the dissolution of a company
• Notice period: 45 days grace period will be given from DED to wait for the creditors or clients if they have any financial claims on the company
• Final Liquidator’s report: The liquidator will submit final company audit report and a letter stating that there is no claim from the third party/Client/Creditors during the 45 days ad period

Visa Cancellation: Cancel visa of all employees & partner and obtain NOC

• from the Ministry of Labour, Ministry of Immigration, DEWA & Etisalat/Du
• Final Liquidation Certificate: After submitting all the documents, DED will issue a final company liquidation Certificate.

Procedure of Liquidating the Free Zone Company (FZE) in UAE

Almost every free zone has a different method to follow for company liquidation. Below are the most common and general procedure of de-registering a Free Zone Company in UAE:

• BoD Meeting: Minutes of a meeting of the board of directors declaring to liquidate the company and appointment of regulated liquidator. This document must be attested by Notary Public.
• Official letter from liquidator: A confirmation letter from the registered liquidator stating to accept the responsibility to liquidate the company
• Application for liquidation: Submission of liquidation form along with fees to be submitted to the relevant free zone authority to get the company liquidation certificate
• Advertisement in the newspaper: Place an advertisement in a local Arabic newspaper to announce the dissolution of a company
• Notice period: 45 days grace period will be given from the Free Zone Authority to wait for the creditors or clients if they have any financial claims on the company

Final Liquidator’s report: The liquidator will submit final company audit report and a letter stating that there is no claim from the third

• party/Client/Creditors during the 45 days ad period
• Clearance Certificates: Obtain Clearance certificates from Free zone authority (FZE/FZCo), business unite & CLD Government section.
• Visa Cancellation: Cancel visa of all employees & partner and obtain NOC from the Ministry of Labour, Ministry of Immigration, DEWA & Etisalat/Du
• Final Liquidation Certificate: After submitting all the documents, Free Zone Authority will issue a final company liquidation Certificate.

We offer company liquidation services to all free zones across UAE. Some of the most popular free zones in UAE are below:

Dubai International Financial Center (DMCC)
Dubai Multi Commodities Center (DMCC)
Dubai Airport Free Zone (DAFZA)
Dubai Internet City (DIC)

Jebel Ali Free Zone (JAFZA)
JAFZA Offshore
Sharjah Airport Intl. Free Zone (SAIF

Zone)
Abu Dhabi twofour54 Free Zone

Ajman Free Zone
Creative City Fujairah
Umm al Quwain Free Zone
RAK Offshore

DMCC Approved Liquidators in Dubai

MABADE AUDITING OF ACCOUNTS is approved DMCC Liquidator Firm. We are listed as top liquidators in DMCC liquidators list. We have experienced team of liquidators that can help you in DMCC liquidation procedure and legal matters related to winding up a company in Dubai International Financial Center (DMCC).  If you are worried about the future of your company, if you

have a lack of financial resources and if you feel that the company is making a continuous loses and getting towards the insolvency then sit back and hire our company dissolution services. We will take care of all the liquidation document preparation, utility cancellations, clearance certificates, bank account closure, no liability certificate, audited financial statements for liquidation and a  

final liquidation report to smoothly done this process of liquidation with no hassle. This is why we rated as top registered liquidating firm with DMCC. We provide Company liquidation services to all type of business i.e mainland, free zone and offshore across the United Arab Emirates including firms under the jurisdiction of Dubai International Financial Centre (DMCC).