Liquidation
At Enjaz, we offer comprehensive liquidation services designed to facilitate the orderly closure of companies and businesses in the UAE. Liquidation is a legal process through which a company ceases its operations and settles its financial affairs in compliance with local regulations.
Why Choose Enjaz for Liquidation?
- Streamlined Expertise: Enjaz boasts extensive experience navigating company dissolutions in the UAE. Our team of specialists understands the complexities involved and will guide you seamlessly through the entire process.
- Comprehensive Solutions: Enjaz offers a full spectrum of services to facilitate a smooth company cancellation or dissolution. We handle everything from initial consultations and document preparation to liaising with relevant authorities and finalizing the closure.
- Compliance Assurance: We prioritize strict adherence to all legal and regulatory requirements throughout the dissolution process. Our experts are here to guide you in fulfilling your obligations, settling any outstanding debts, and addressing any legal concerns that may arise.
- Swift and Efficient Process: Enjaz values your time. We leverage our established relationships with authorities and utilize streamlined processes to expedite the closure, ensuring a timely completion.
- Personalized Approach: At Enjaz, we acknowledge that each company is unique. We tailor our services to meet your specific needs and circumstances. Our team is dedicated to understanding your situation and providing customized solutions that align with your objectives.
Steps in the Liquidation Process
Initial Consultation: Begin with a detailed consultation where our experts assess the reasons for liquidation, review company documents, and outline the necessary steps.
Board Resolution: Obtain a board resolution approving the decision to liquidate the company and appointing a liquidator.
Preparation of Liquidation Plan: Develop a comprehensive plan outlining the process, including timelines, asset valuation, creditor notification, and distribution strategy.
Notice to Creditors and Authorities: Issue notices to creditors, employees, and relevant government authorities regarding the company’s liquidation.
Asset Liquidation: Sell or dispose of company assets in accordance with the approved plan, maximizing value for creditors.
Settlement of Liabilities: Settle outstanding debts and liabilities, including taxes, employee entitlements, and creditor claims.
Final Audit and Closure: Conduct a final audit of financial records, prepare closing financial statements, and apply for deregistration with regulatory authorities.
Whether you are considering closing your business due to financial reasons or strategic changes, Enjaz provides the expertise and support needed to navigate the liquidation process effectively and responsibly.