What Is Company Liquidation?

Company liquidation is basically a process that involves closing down a business. In most cases, this happens when a company is no longer in the position to pay back its debt. As the business operations come to an end, the assets of the organization are distributed to shareholders and creditors on the basis of their priority of claims.

The process of liquidation is carried out by a person known as the liquidator. The appointment of a liquidator can be carried out both by the shareholders of the company or the court, depending upon the type of liquidation taking place.

Why SZCA?

There is no denying the fact that the liquidation of a company in the UAE is a very time-consuming and complex process. The team of liquidation experts at SZCA is here to help you wind up your company, in case the need arises, in a smooth and hassle-free manner by following the right procedures.

Considered one of the top chartered accountant firms in Dubai, we offer an extensive range of services, including financial consultancy, dispute resolution at the rental dispute center in Dubai, VAT consultancy services in Dubai, risk management, inventory management and accounting services in Dubai.

The liquidation services that we offer are inclusive of:

  • Appointment as a liquidator
  • Administering the liquidation process
  • Managing the disposal of assets
  • Conducting negotiations with creditors
  • Ensuring that all third party liquidation costs are duly processed
  • Conducting co-ordinations with the concerned authorities and departments
  • Preparation of statement of affairs
  • Ensuring inclusive documentation
  • Taking steps to ensure that all formal notifications and de-registrations areĀ  filed
  • Overseeing the on-going and liquidation specific accounting requirements

If you are facing the need to acquire company liquidation services in Dubai, get in touch with us and we will be more than glad to offer all the support that you require for the liquidation of your business.