Company liquidation in the UAE is among the most challenging courses of action. Still, HAM offers this service to make its entire process easy and in an exceptionally gainful way for all clients reaching out to them. To wind up a UAE business, the firm must first arrange an endorsed paper by a listed liquidator agreeing to take on the duty.
Next, the firm must apply for business cessation by completing the required pro forma through approved channels or the DED. In turn, DED or the approved section will release a liquidation credential. This certificate must then be published as a liquidation notice in two community newspapers for the people to know.
Note that only certified official liquidators within the UAE can be chosen to wind up a free zone company. This includes canceling and clearing all employee visas while a free zone company is undergoing liquidation. Hence, a liquidation letter must be presented solely to the registered official auditor for UAE free zones.