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Liquidation

Liquidation

The law requires companies to undertake a liquidation process in order to close or liquidate companies in United Arab Emirates. An exception to this rule is where the entity is a sole establishment or a branch license. The license cannot be re-activated once a company is liquidated. The liquidation process of a company can take from 60 days to 120 days in most cases unless any creditor or regulatory issue exist. Profound Business Services assist in closing down business and offers guidance and recommendations to minimize liabilities and possible financial losses while closing a company in United Arab Emirates. We co-ordinate with the concerned government authorities, the liquidator, stakeholders and complete all the processes involved to ensure smooth and hassle-free completion of the liquidation process.