Company Liquidation Services

Company Liquidation Services in Dubai – NIXXA

Shutting down a company in the UAE is a complex process that requires proper planning to avoid penalties. Whether due to financial challenges, mergers, or restructuring, liquidation ensures all legal and financial matters are settled efficiently.

What is Company Liquidation?

Company liquidation is the formal process of closing a business, ceasing operations, and distributing assets to pay off liabilities. Any remaining assets are then divided among shareholders.

Types of Company Liquidation

Voluntary Liquidation – Shareholders decide to close the company due to financial constraints, prioritizing creditor payments.
Compulsory Liquidation – A court orders liquidation, ensuring debts are settled as per legal requirements.

Role of a Liquidator

A liquidator oversees the entire process, ensuring compliance with UAE laws. Their responsibilities include:

Evaluating company assets and liabilities
Managing the winding-up process
Publishing liquidation notices
Overseeing asset distribution and creditor payments
Preparing the final liquidation report

Steps for Liquidation

Notify the relevant authority
Cancel company documents (license, lease, formation certificate)
Obtain clearances from authorities
Publish a liquidation notice in newspapers

Why Choose NIXXA?

At NIXXA, we simplify the liquidation process by handling financial audits, preparing reports, and liaising with authorities. With our expertise in accounting, auditing, and compliance, we ensure a smooth and hassle-free company closure.

Advantages

Our solutions offer reliability, efficiency, and compliance, helping businesses streamline operations and achieve sustainable growth.

Legal Compliance & Risk Mitigation

Proper liquidation ensures compliance with UAE regulations, preventing future legal complications or penalties. NIXXA ensures all necessary steps are followed, keeping your business legally protected.

Efficient Debt Settlement

Liquidation allows businesses to systematically pay off debts, prioritizing creditor claims fairly. With our expertise, we ensure a structured approach to settling financial obligations.

Smooth Exit Strategy

For businesses looking to restructure or shift focus, liquidation provides a clean exit. NIXXA manages the process seamlessly, allowing you to move forward without financial or legal burdens

Asset Distribution & Optimization

Liquidation helps maximize asset value by systematically distributing funds among creditors and shareholders. Our professionals ensure that assets are handled efficiently for the best possible outcome.

Expert Guidance & Hassle-Free Process

Navigating the liquidation process alone can be overwhelming. NIXXA provides expert consultation and end-to-end support, ensuring a smooth, transparent, and stress-free closure for your business.

What We Provide

We handle the entire liquidation process, ensuring compliance with UAE laws and a smooth business closure.

We provide audited financial statements and necessary reports for a legally compliant liquidation.

We assist in settling liabilities and distributing remaining assets efficiently among stakeholders.

We ensure all legal formalities, document submissions, and approvals are completed on time.

Process

01

Resolution Submission

Submit the liquidation resolution and confirmation to the licensing authority.

02

Public Notice

Publish a liquidation notice in two newspapers and await responses.

03

Employee Settlements

Pay off employees and cancel all active visas.

04

Bank Account Closure

Close all company bank accounts and obtain a closure letter.

05

Obtain NOC

Secure a No Objection Certificate (NOC) from relevant ministries or authorities.

06

FTA De-registration

Apply for de-registration with the Federal Tax Authority (FTA).

07

Liquidator’s Report

The appointed liquidator prepares and issues the final report.

08

Document Submission

Submit all required legal documents along with the liquidator’s report.

09

Final Verification

After document verification, submit the originals to the licensing authority.

10

License Cancellation

A final public notice is issued (15-45 days), and the trade license is officially canceled.

FAQ

What is company liquidation?

The timeframe varies, but it typically takes 2 to 6 months, depending on the complexity of the business and regulatory approvals.

Essential documents include the trade license, Memorandum of Association (MOA), Emirates IDs, passport copies of shareholders, financial statements, and a liquidation report.

All liabilities must be settled before the liquidation process is completed. Creditors are paid based on priority.