Liquidation is the method by which a Limited Liability Company, Sole Establishment and Free Zone Company closes its operation legally.
Company based in United Arab Emirates can be dissolved voluntarily or when it can no longer pay its debts. There are two types of liquidation procedures: voluntary liquidation and compulsory liquidation.
Advantages of Liquidation:
As soon as the company closes, all legal action against the company is halted.
Company liquidation requires a qualified approach with strict adherence to formal procedures. Only a complete understanding of the existing legislation can help you meet the liquidation requirements.
Khairallah Advocates & Legal Consultants can provide complete assistance in carrying out liquidation procedures
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