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.

1. What is Company Liquidation?

2. 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.

3. Voluntary Liquidation
Types of Liquidation:
01
Involuntary Liquidation
02
Compulsory Liquidation
03
Company liquidation in Dubai, UAE is of the following types:

4. Voluntary Liquidation
In voluntary liquidation, the decision for the dissolution of a
company is taken by the owners of the company, directors and
shareholders.

5. 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.

6. 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.

7. 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)

8. 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.

9. 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.

10. THANKS!
CONTACT US
+971-55 (554) 0853
info@themilestoneuae.com
www.themilestoneuae.com