What is Company Liquidation?

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What is Company Liquidation?
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AN OVERVIEW
Company Liquidation is a formal process that is
followed when a company is closed down and all
assets owned by the company are sold to benefit
the shareholders. It is often referred to as the
insolvency procedure and includes the
deregistration process as well. At the end of
company liquidation, the shareholders and
creditors receive compensation as per a
calculated percentage and the company ceases all
its operations.
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Voluntary Liquidation
Types of Liquidation
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Company liquidation in Dubai, UAE is of the
following types
Involuntary Liquidation
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Compulsory Liquidation
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Voluntary Liquidation
In voluntary liquidation, the decision for the
dissolution of a company is taken by the owners
of the company, directors and shareholders.
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Involuntary Liquidation
Involuntary liquidation occurs when the
shareholders decide that the company is incapable
of continuing its business due to poor operating
conditions, massive losses, debts incurred, etc.
Involuntary liquidation is often a measure taken
to stop losses for a company.
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Compulsory Liquidation
Compulsory Liquidation is a mandatory liquidation
that occurs when investors and creditors initiate
legal action against a company for not being able
to clear dues on time.
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What is required for Company Liquidation in
Dubai, UAE?

• The following documents are necessary to initiate
  the company liquidation process in UAE
• Emirates ID
• A Copy of Shareholders Passport
• Shareholders Resolution
• A Copy of Business License
• Deregistration Application Form
• Power of Attorney (If Any)
• A Copy of Memorandum of Association (MOA)

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MPMS Company Liquidation Services

• At MPMS, we have a team of expert company
  liquidation consultants that help you
• Complete the documentation process
• With the paperwork to clear debt and settle
  claims
• Obtain clearances from DDA Finance Department,
• Get the go ahead from Dubai Customs Department,
• Complete the process with DDA IT Section, and
  more.
• Our experienced liquidation consultants help you
  through the entire dissolution process so that
  you can exit your company from the UAE without
  legal hassles. understand the complexities of
  your business and offer an effective solution to
  help you wind up your company smoothly.

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Why Choose MPMS?
Struggling with unpaid debts or an uncertain
future of your company? Invest in professional
company liquidation services to wind up your
business hassle-free. MPMS is a trusted and
reliable company liquidation services provider
that deeply understands the complexity of your
business and assists you throughout the
liquidation process to help you move out legally
and smoothly.
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THANKS!

• CONTACT US
• 971-55 (554) 0853
• info_at_themilestoneuae.com
• www.themilestoneuae.com