Company Deregistration & Liquidation Services in UAE
ICB Tax Consultancy provides expert company liquidation and deregistration services across the UAE, ensuring a smooth, compliant, and efficient process. Whether you're closing operations in Dubai or anywhere in the UAE, our experienced team offers guidance through every legal, financial, and procedural step.
Company Deregistration & Liquidation in UAE
When your business operations need to cease in the UAE, it’s essential to follow the proper deregistration and liquidation procedures to avoid legal and financial complications. At ICB Tax Consultancy, we specialize in assisting companies with liquidation and deregistration in Dubai and across the UAE.
Our team of experts understands the complexities involved in company closure and provides end-to-end support. From de-registering your trade license to settling outstanding liabilities and ensuring full compliance with UAE legal requirements, we guide you every step of the way.
Why Choose ICB for Company Liquidation in UAE?
Comprehensive Legal Compliance
We ensure all legal formalities are completed, including submitting necessary documents to authorities such as the Dubai Economic Department (DED), free zone authorities, and the Federal Tax Authority (FTA).
Debt & Liability Settlements
We assist in managing the settlement of any remaining debts, employee wages, and other obligations.
License Cancellation
ICB helps you formally cancel your trade license and ensures the closure of corporate bank accounts.
Expert Consultation
Our experienced consultants offer guidance on the liquidation process, ensuring a smooth and stress-free experience.
Types of Liquidation Services We Offer:
Voluntary Liquidation
Voluntary liquidation occurs when the shareholders of a solvent company decide to close the business willingly. This process is usually chosen when the business has fulfilled its purpose, or the owners no longer wish to continue operations. ICB Tax Consultancy assists in managing the entire process, including:
- Preparing and passing a shareholder resolution for voluntary liquidation.
- Appointing an authorized liquidator to oversee the process.
- Settling outstanding liabilities, distributing remaining assets, and ensuring full compliance with UAE laws.
- Completing the necessary paperwork and submitting documents to the relevant government bodies, such as the Dubai Economic Department (DED) or free zone authorities.
Compulsory Liquidation (Insolvency Liquidation)
Compulsory liquidation, also known as insolvency liquidation, occurs when a company is unable to pay its debts and is forced to cease operations by court order or creditor action. This type of liquidation is often initiated due to insolvency or non-payment issues. ICB helps businesses navigate the complex legal requirements of insolvency liquidation by:
- Assisting with the court process and creditor claims.
- Managing asset distribution to creditors in line with UAE laws.
- Ensuring transparency and legal compliance throughout the insolvency process.
- Providing support with the closure of corporate bank accounts and the final distribution of assets.
Deregistration in Free Zones
Companies operating in free zones must follow specific regulations for deregistration. Free zone deregistration involves a detailed process that varies depending on the jurisdiction (such as JAFZA, DMCC, DIFC, etc.). ICB specializes in free zone company liquidation and deregistration by:
- Coordinating with free zone authorities to ensure compliance with their regulations.
- Assisting in the cancellation of trade licenses, visas, and other operational permits.
- Managing the settlement of any outstanding debts, including rent, utilities, and employee wages.
- Ensuring all exit documentation and legal clearances are obtained before finalizing the deregistration process.
Ready to close your business in the UAE?
Let ICB Tax Consultancy handle your company deregistration and liquidation process, ensuring a smooth, compliant, and efficient closure. Contact us today for a consultation and take the first step toward hassle-free business dissolution.
Have Any Questions?
Frequently asked questions here.
