Liquidation of Offshore Company Incorporated in the Emirate of Dubai

Voluntary liquidation of a company shall mean that the company is deemed officially closed, and its obligations are terminated; it may only be restored in court.

Upon liquidation, you will receive a certificate of liquidation of the company issued by the registration authority.

Key Specifics

• procedure available to the company that has no liabilities or can pay its debts as they fall due;
• a person who will act as the company’s liquidator as well as the amount of his remuneration should be indicated;
• the company must terminate its activities by the beginning of liquidation;
• financial statements and liquidation balance sheet also have to be prepared;
• at the time of the issue of a certificate of liquidation the company must be in good standing.

Liquidation Procedure

1. Signing and presenting to the registered agent prepared documents.
2. Publishing a notice in the newspaper.
3. The liquidator sends a notice of completion of liquidation.
4. Obtaining from the Register the certificate of the company’s liquidation.
5. The Regulator publishes a notice of completion of the liquidation procedure.

Liquidation Period

2-3 months