Legit management

Liquidation Services

Liquidation is additionally known or noted as winding-up or dissolution, though dissolution theoretically refers to the ultimate steps of the liquidation process. The liquidation of a company becomes inevitable in saving the shareholders with their limited liability when a corporation loses the liquidity of funds to hold on day to day-to-day transactions of the company, in such unprecedented eventualities, we would take up the assignment of Liquidation we secure the below documents as per the requirement basis :

  • Preparation of liquidation-related legal documents
  • Preparation of Company board resolutions for liquidation
  • Liquidator appointment acceptance addressed to the relevant authority
  • DED/Free zone/offshore authority application and submission
  • Newspaper advertisement for Company liquidation notice (if applicable)
  • Arrange clearance letter from DEWA/FEWA/SEWA/ADDC
  • Arrange a clearance letter from Etisalat /Du
  • Arrange a clearance letter from the Municipality (if applicable)
  • Arrange a clearance letter from Customs
  • Bank account closure and bank no liability certificate
  • Audit the financial statements for the liquidation of the company
  • No Liability certificate
  • Employee’s visa cancellation
  • Labor card cancellation and clearance certificates (if applicable) 
  • Immigration card cancellation and clearance certificate
  • Liquidation report preparation and submission
  • Final cancellation letter
  • Partner visa cancellation
  • Deposit/ Refund claim and follow-ups
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