What is Company Liquidation?
Company liquidation is the formal process of closing a business and distributing its assets to creditors and shareholders. This may occur voluntarily — when business owners choose to close operations — or compulsorily, through a court order. Regardless of the reason, liquidation must comply with UAE laws, including regulatory requirements from relevant free zones, the Ministry of Economy, and other authorities.Types of Liquidation in UAE
- Voluntary Liquidation: Initiated by business owners when a company is solvent and can meet its financial obligations.
- Compulsory Liquidation: Ordered by the court when a business cannot pay its debts or meet its financial responsibilities.
- Free Zone Liquidation: Conducted under the specific rules and regulations of free zones such as DMCC, DAFZA, or JAFZA.
Our Liquidation Services Include
- Preparation and filing of liquidation documents
- Final audit report and balance sheet preparation
- Obtaining approvals from regulatory authorities
- Bank account closure and visa cancellation
- Settlement of government dues and deregistration
Step-by-Step Process of Liquidation in UAE
- Board Resolution: Shareholders must pass a resolution to appoint a licensed liquidator.
- Official Appointment: Intellect Chartered Accountants acts as your registered liquidator.
- Notice Publication: A liquidation notice is published in local newspapers to inform creditors.
- Final Audit & Report: Our team prepares the final liquidation report as required by law.
- Government Clearance: We handle all approvals from free zones, the Ministry of Economy, and other departments.
- License Cancellation: The company trade license and registration are officially canceled.
Why Choose Intellect Chartered Accountants?
Our firm has over two decades of experience handling company liquidations for local and international clients across multiple industries. We ensure the process is fast, compliant, and stress-free — helping you close your business without future legal or financial risks.- Registered Auditors: Approved by UAE’s Ministry of Economy and major free zones.
- Full Transparency: We manage the entire process with clear timelines and documentation.
- End-to-End Support: From liquidation audit to deregistration — all under one roof.
- Client-Centric Approach: We tailor our process to your company’s specific structure and requirements.
