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Company Liquidation Services in Dubai

Company liquidation encompasses the process of ending the business operations and closing down a company due to many unfortunate reasons. The end of business operations and closing down a company involves numerous tasks such as distributing the organizational assets to the distributors and shareholders.The liquidator carries out the entire process of company liquidation. The court or shareholders appoint the liquidator as per the type of company liquidation.There are numerous tasks and activities to be carried out by the liquidator.

EBMS offers the best company liquidation services in Dubai.

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What Are The Prime Responsibilities Of A Liquidator?

The liquidator holds the prime responsibility to make informed decisions and carry out each task involved in the process of any Company Liquidation.

The initiation of the company liquidation process is done by the liquidator. The liquidator is required to accept the appointment letter sent by the shareholders and the owners to start the tasks and activities involved in the process. The liquidator publishes the news of the company liquidation in two local newspapers in both English as well as the Arabic language. The liquidator distributes the company assets and settles all the liabilities. The liquidator prepares the statement of affairs and also a Liquidator’s report during the final stage of the process. EBMS provides the best liquidators in Dubai to make the company liquidation process in UAE hassle-free. Ready to avail to our company liquidation services in Dubai? Get in touch with us today!

What Are The Different Types Of Company Liquidation in UAE?

Compulsory Liquidation

The Company is said to undergo a compulsory liquidation process when they receive a Court Order to wind up all the business operations and liquidate the Company. The organizational assets are distributed amongst the creditors and other stakeholders of the organization based on the priority of their contribution towards the organization.

Voluntary Liquidation

When the shareholders of the Company decide to wind up the business operations of the organization and liquidate the Company because they do not have enough money to pay to the creditor and run the business, it is said to be known as Voluntary Liquidation. The creditors are given the topmost priority in Voluntary Liquidation.

What Are The Documents Required To Carry Out The Company Liquidation In Dubai, UAE?

The Government in the UAE enlists numerous documents to be submitted throughout the process of Company Liquidation.
The critical documents required to carry out the Company Liquidation process in both Free Zone as well as Mainland are:-

  • The Power of Attorney has to be provided if the organization possesses such a document.
  • Proof of their Emirates Identity
  • Proof of their License
  • Application for de-registration
  • Copies of the passport of all the shareholders
  • Proof of the Memorandum of Association
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Frequently Asked Questions

The cost of starting a business in Dubai varies depending on the type of business and its Jurisdiction. For example, setting up a business in a free zone starts from AED12500 & setting up a Mainland company cost starts from AED11,999. Generally speaking, you can expect to spend around AED 11,999-50,000 to start a business in Dubai.

There are a few things you need to do in order to set up your business in Dubai:

– First, you need to choose the type of business you want to set up.
– Next, you need to get all the necessary licenses and permits from the relevant authorities.
– Once you have all the required documents, you need to find a suitable location for your business.
– Finally, you need to register your company with the Immigration & Labor Department for Investor & Employee Visas

There are many businesses you could start in Dubai, but it really depends on your interests and skills. If you’re good with numbers and have an interest in fashion, you could open a boutique. If you’re a people person and enjoy customer service, you could open a restaurant.If you are good in IT Services you can start your IT Services Business or incase if you are good in trading you can start General trading Business. There are endless possibilities, so it really just depends on what you’re passionate about.

Yes, it is easy to start a business in Dubai. The city has a very business-friendly environment and there are many resources available to help entrepreneurs get started.

The process of business setup in Dubai is relatively simple. First, you need to choose a business activity and obtain the necessary licenses and approvals from the relevant authorities. Next, you need to find a suitable location for your business and set up your office or shop. Finally, you need to register your business with the Immigration & Labor Department for Your Investor & Employee Visas.

There are a few things you need to do in order to start a business in Dubai. First, you need to choose the type of business you want to start. Then, you need to get a business license from the Department of Economic Development. Finally, you need to find a suitable location for your business or you can even get instant license with Virtual address.

Yes, Dubai is a good place to invest in business. The city has a strong economy and is constantly growing, which provides opportunities for businesses to thrive. Additionally, the city is home to a large number of expatriates, which creates a market for businesses that cater to this population.

There are a few requirements that you must meet in order to get a residence visa in Dubai. First, you must have a valid passport and a valid UAE entry visa. Second, you must have a job offer from a UAE-based company or be employed by a UAE-based company. Furthermore you can register a company one of Freezone or Dubai Mainland and apply for Investor Visa. Finally, you must have medical insurance that covers you for at least one year.

There are a few requirements that you must meet in order to get a residence visa in Dubai. First, you must have a valid passport and a valid UAE entry visa. Second, you must have a job offer from a UAE-based company or be employed by a UAE-based company. Furthermore you can register a company one of Freezone or Dubai Mainland and apply for Investor Visa. Finally, you must have medical insurance that covers you for at least one year.

Yes, it is possible for foreign investors to own 100% Shares of business in Dubai Mainland and Dubai Freezones. There are a number of ways to set up a business in Dubai, and foreign investors are welcome to do so. There are many benefits to setting up a business in Dubai, including the city’s pro-business environment, its strategic location, and its tax-free status.

Dubai UAE banks allow only nonresidents to open a Savings Account rather than a Current Account. However, nonresidents do not receive a checkbook; a debit card will be issued to nonresidents so they could withdraw the funds. As a non resident, the balance will be minimal or maximum.

It is not yet possible to apply for a permanent visa in Dubai. You will receive a residency visa in Dubai in quite a few types there. First If you are starting a company or setting up a business in UAE, you can get a 2-year Investor residence visa, which can be extended for another 2 Years. Furthermore there are options for 10 years Golden Visa conditional you own AED2 Million Property in Dubai.

Select the name of your business and legal structure with care. Comply with all activities to be included on the business license (maximum 10 per license). Submit the formal form for initial approval for your license.

The Cheapest Free zones are located outside Dubai such as Sharjah ( Shams Freezone & SPC Freezone, Ajman, Umm Al Quwain (UAQ), Ras Al Khaimah (RAKEZ Freezone) and Fujairah (Creative City Fujairah)  offer products for the best prices. Such free zones also issue the most visas.

In the business world, the term “free zone” has a few different meanings. Most commonly, a free zone is an area where businesses can operate without having to pay taxes or tariffs. This type of free zone is typically found in developing countries that are trying to attract foreign investment.

Another common meaning of free zone is a trade area where goods can be imported and exported without being subject to customs duties. These zones are usually located near ports or airports and are intended to facilitate international trade.

Finally, the term free zone can also refer to a special economic zone that offers incentives for businesses to locate there, such as lower taxes or relaxed regulations. These zones are often established in areas that are struggling economically in an effort to spur development and create jobs.

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