This procedure is inevitable when a firm runs out of liquid funds to hold their daily operations and day to day transactions; commits some illegal offense; beneficiaries aren’t getting their payments; or the regulatory agency and authorities file the law suit against the corporation which can affect the working and operations of the establishment.
The company closure in Dubai can be of 2 types
- Voluntary (shareholder’s liquidation)
- Compulsory (creditor’s liquidation)
PRO Desk undertakes the closing of your business and serves you through all steps of documentation and cancellation. Before terminating operations and trade license annulment, it is mandatory to settle all the utility and telecommunication bills, get the approval and certificates from ministries and government departments, seal the bank account, withdraw all the employees’ visas, and arrange the final report of audit. Thus the process is quite complicated and requires hours to stand in the queues. You can easily simplify the progression and save additional cost by hiring PRO Desk expert team for company closure in Dubai.
