Bankruptcy, Restructuring & Judicial Liquidation
Accounting expertise in court-led restructuring and bankruptcy proceedings, protecting the rights of creditors and debtors under the law.
Voluntary Liquidation
We guide you through closing your company by shareholders' decision, from appointing the liquidator and settling assets and liabilities to tax deregistration and licence cancellation.
Who it is for
Companies whose shareholders have decided to stop trading and that can still pay their debts.
How we work
- Shareholders' resolution to dissolve and appoint the liquidator
- Public notice and contacting creditors
- Realising assets, collecting receivables and settling liabilities
- Preparing the liquidation report and final accounts
- Tax deregistration
- Licence cancellation with the relevant authority
The auditor's role
Auditing the final accounts and issuing the liquidation report required by licensing authorities and free zones.
Documents we need
- Trade licence and memorandum of association
- Shareholders' resolution
- Latest financial statements
- Bank statements
- List of creditors and debtors
Frequently asked questions
Can I cancel the licence without liquidation?
No. Licensing authorities require a liquidation report and tax deregistration.
What if the company has debts it cannot pay?
Then we move to bankruptcy proceedings (see our bankruptcy and restructuring service).
Do I have to deregister from VAT and Corporate Tax?
Yes, and we handle it as part of the service.
Legal reference
Federal Decree-Law No. 32 of 2021 on Commercial Companies; the regulations of the relevant free zone. For general awareness. Legislation changes, so check the official source or ask us before any decision.
Related services
Book your free first consultation
Request a quote for this service
Tell us about your situation and we will send a written quote after your free first consultation.
- Chat with us on WhatsApp
- +971 52 140 8121
- +971 54 777 1036
- info@handara.ae
- Sunday – Friday, 9:00 AM – 6:00 PM (Dubai time)