business formation

Liquidation services

Welcome to Charteredo, your trusted partner for all matters related to company liquidation and in the UAE.
From our beginnings in the UAE, we have grown to support clients across Dubai, Abu Dhabi, and Sharjah, offering expert guidance and end-to-end support for a smooth and compliant business closure.

If you have any questions or require assistance, feel free to contact us at:
Phone: +971 50 297 4262

Tailored Solution
Easy Process
The Best Price
Overview

Company Liquidation Services in UAE

Liquidation in Dubai is the formal process of closing a company, settling its obligations, and distributing remaining assets to creditors and shareholders. When a business decides to cease operations in the UAE, it is mandatory to officially cancel the trade license and all associated permits, regardless of whether it is a mainland, free zone, or offshore entity.

While each free zone or jurisdiction may have slight variations, the overall procedure remains similar across the UAE. Charteredo ensures that your business closure is completed in full compliance with local regulations, with all legal, financial, and administrative steps handled smoothly and professionally.

Our liquidation and support ensures:

  • Security and Confidentiality
  • Cost-Effective Procedures
  • Protection of Assets and Risk Evaluation
Our Company Liquidation Services Covers :
Complete Legal Compliance & Government Coordination

Managing all interactions with relevant authorities, including DED, MOHRE, Free Zone Authorities, municipalities, and immigration departments.

Preparation of Liquidation Documents

Drafting board resolutions, shareholder resolutions, power of attorney, liquidation notices, and other legally required documents.

Final Deregistration & License Cancellation

Submitting all final reports, settling outstanding liabilities, and completing the official license cancellation with government departments.

The Importance of Liquidation in Dubai

When closing your business in the UAE, it is essential to formally notify the relevant government authorities to avoid penalties, fines, and additional fees that accumulate when a license remains unrenewed past its expiry date.

For shareholders, the liquidation process also ensures that all liabilities to creditors and partners are properly settled, protecting your rights, shares, and financial interests. Completing the process professionally safeguards your business reputation—an important factor if you plan to launch a new venture in the future.

  • Managing and coordinating the entire liquidation process
  • Guiding you on proper asset disposal
  • Supporting communication with liquidation accountants
  • Assisting with all required documentation
  • Preparing resolutions, powers of attorney, and the liquidator’s statement

As one of Dubai’s trusted advisory firms, we provide comprehensive liquidation and deregistration services for businesses across all sectors—including construction, advertising, banking, and offshore entities—registered under the Dubai Economic Department and operating anywhere in the emirate. Our expertise extends across major free zones such as Jebel Ali Free Zone, Dubai Knowledge Village, Dubai World Central, Dubai Airport Free Zone, Jumeirah Lakes Towers, Dubai Silicon Oasis, Dubai Multi Commodities Centre, TECOM Group, Dubai Media City, and Dubai Internet City.

We ensure a smooth, compliant, and efficient exit process—no matter where your company is registered or what industry it belongs to.

Our Clients
8
9
2
3
4
5
6
7
logos charterefdo
FAQ

More About Internal Audit Services

Common takes on internal audit services

Company liquidation is the legal process of closing a business. It includes settling outstanding liabilities, preparing liquidation reports, canceling licenses, and officially deregistering the company with relevant government authorities.

Businesses may liquidate due to financial challenges, restructuring, strategic decisions, mergers, or simply ceasing operations. Liquidation ensures the business is closed legally and avoids future fines or penalties.

The timeline varies depending on the jurisdiction:

  • Mainland companies: 45–90 days

  • Free zone companies: 15–60 days

  • Offshore companies: 30–45 days
    The process may vary depending on pending liabilities, document approvals, and final audits.

Generally, the following are required:

  • Trade license copy

  • Memorandum & Articles of Association (MOA)

  • Shareholder resolution for liquidation

  • Passport copies of owners and signatories

  • Latest audited financial statements

  • Final liquidation report (prepared by an approved liquidator)

Yes. Most mainland and free zone authorities require an approved liquidator to prepare and sign the liquidation report.

Companies must:

  • Cancel visas

  • Settle salaries, gratuity, and end-of-service benefits

  • Provide required documentation for employee exit

Our PRO and HR support team manages this process end-to-end.

Yes, but all liabilities—including supplier payments, loans, employee dues, and government fines—must be cleared before the liquidation is completed.

Yes. All corporate bank accounts must be officially closed, and a closure letter must be obtained from the bank before deregistration is issued.

Failure to complete liquidation can result in:

  • Accumulated penalties

  • License renewal fines

  • Immigration & labour restrictions

  • Legal liabilities for owners and shareholders
    Formal liquidation ensures full compliance and protects your reputation.

Charteredo manages the entire liquidation process, including:

  • Documentation

  • Liquidator coordination

  • Employee settlements

  • Visa cancellations

  • Bank account closure

  • Final deregistration
    We ensure a smooth, fast, and fully compliant company closure.