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Company Liquidation Services in the UAE

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Company Liquidation Services in the UAE

Score Plus is the number one company in providing company liquidation services within the Emirate of Dubai. This is just one of the services offered by the company, in addition to various business consulting and internal auditing services. Over the past 10 years, the company has proven its worth as one of the trusted firms in offering these services, allowing Score Plus to enter into major partnerships or provide its services to the most important and largest companies in Dubai.

 
To What Extent Does Score Plus' Expertise Extend?

Over the past 10 years, Score Plus has provided company liquidation services to dozens of institutions and companies of various sizes within the Emirate of Dubai. The company has adopted a clear approach and a strong strategy based on precision and professionalism, which has qualified it to become the number one company for company liquidation in the Emirate of Dubai.

 

The company must submit a request to cease business operations by completing the required initial form through the approved channels or the Department of Economic Development. The Department of Economic Development or the relevant section will then issue the liquidation credentials. This certificate must be published as a liquidation notice in two newspapers to inform the public.

Please note that only officially approved liquidators within the United Arab Emirates can be chosen to liquidate a free zone company. This includes canceling and liquidating all employee visas while the free zone company is being liquidated. Consequently, the liquidation letter must only be submitted to the officially registered auditor for free zones in the UAE.

Phase One:

  • The client submits all the initial required documents (license, passport, power of attorney, etc.).

  • Present all legal documents.

  • Conduct an inventory record for the company.

  • Request an acceptance letter to obtain permission.

  • Issue the dissolution certificate.

  • Announce the liquidation of the company in at least two newspapers.

Phase Two:

  • Prepare a work letter from the company stating there are no employees affiliated with the entity.

  • Issue the liquidation decision.

  • Obtain the permit and issue the deletion certificate.

Phase Two begins 45 days after completing the steps of Phase One.

Why Should You Resort to a Specialized Company When Liquidating Your Company?

  • Score Plus has a comprehensive team of accountants and legal experts, ensuring the speed and accuracy of procedures, which is crucial in the case of company liquidation. Additionally:
  • Understanding the legal matters and administrative steps with precision can be challenging for individuals or business owners.
  • The process of company liquidation is lengthy and exhausting, so resorting to a specialized company can be a wise decision to save time and effort.

What are the Advantages of Our Company Liquidation Service?

Once we are appointed as liquidators, we will carry out the following actions:

  • Selling the company's assets and properties, and collecting its debts from others, selling the company's assets and properties in one transaction or in installments through negotiation or auction, depending on the company's best interest.
  • Ensuring the dissolution of the company is publicly announced, conducting an inventory of assets, identifying liabilities, obtaining a detailed report from management, and recording all liquidation activities and their results in organized special records.
  • Settling the company's debts and obligations to third parties while considering the legal priorities.
  • Completing the works that started before liquidation without engaging in new activities unless these new activities are necessary to complete the works that began before the liquidation.
  • Determining the rights of partners and settling them, providing a detailed statement of accounts that includes all liquidation procedures and their results.
  • Representing the company in all legal disputes related to the liquidation activities, acting as the company's agent.