At Elevate we prepare the Liquidator’s report prepared by a Professional Auditor. This report is also known as No Liability Letter, Liquidator’s Letter.
For a Company Liquidation/Company Closure services in Dubai (UAE), first we issue one Appointment of Liquidator’s Letter to intimate the licensing authority followed by Final Liquidator’s report after thorough verification of all possible liabilities of any company.
We issue this Liquidator’s letter/No Liability Letter by completely verifying the liabilities of the company. Need to be Changed .. Elevate is one of the trusted Liquidator in Dubai .
Understanding the complexity of Business/Company Liquidation in Dubai (UAE), Elevate also takes care of the complete Liquidation process. Liquidating a company takes more efforts than starting a new company.
In UAE there are two types of Liquidations.
- Voluntary Liquidation. When Business owners are not interested to run the business or unable to run the business. They jointly take a decision to move out of business.
- Mandatory Liquidation. In this case the Licensing authority or UAE court orders to liquidate the company when the company does something wrong which is not permitted in their line of business.
How Elevate is different form others: As an experienced Auditor & Liquidator we know the finance linkage of any company form any domain. This understanding helps us to outline the Company closer process easy. Elevate has liquidated many companies those were Limited Liabilities Company, Free zone Company & Off Shore Companies. We help the Business Owners to move out of business legally and smoothly.
As a Liquidator our projected role to …
- Drafting the Board Resolution
- Publishing Advertisement in English and Arabic News Paper
- Settling with Employees
- Settling with the Debtors/suppliers
- Visa Cancellation
- Bank Account Closing
- Obtaining NOC form Dewa, NOC from Local telecom Company
- Registered Tenancy Agreement Cancellation
- De-Register with FTA
- Preparation of the Liquidator’s Report
- Submission of the final Report to the Authority to get the De-Registration Certificate
At Elevate we take care Company liquidation services for all free zones across UAE.
- Dubai International Financial Center (DIFC)
- Dubai Multi Commodities Center (DMCC)
- Dubai Airport Free Zone (DAFZA)
- Dubai Internet City (DIC)
- Jebel Ali Free Zone (JAFZA)
- JAFZA Offshore
- RAK Offshore
- Ajman Offshore
- Sharjah Airport Intl. Free Zone (SAIF Zone)
- Abu Dhabi twofour54 Free Zone
- Ajman Free Zone
- Creative City Fujairah
- Umm al Quwain Free Zone