Company Liquidation in DMCC calls for termination or winding up the operations of businesses. To proceed with DMCC Company Liquidation there are a few considerations to be taken. Considerations that should be taken are settling the businesses property, assets and its liabilities.When can you apply for Company Liquidation in DMCC?
As per the Implementing regulations, memorandum and Articles of Association, a company can apply for Company Liquidation in DMCC after termination of its licenses.How can you proceed with Company Liquidation in DMCC?
For Company Liquidation in DMCC there is a company termination application that has to be submitted to DMCC through e-services, DMCC Member Portal. You can go to “Company Services” – “Company Amendment Services” – “Company Termination”.What you should note before you procced with Company Liquidation in DMCC?
Step No. 1: Complete all the necessary sections in the DMCC portal and proceed with uploading the requirements for company termination.
Step No. 2: You will have to cancel all the active visas, PIC and TAC through the DMCC portal. If you have already cancelled all the active visas, PIC and TAC you can skip this step.
Step No. 3: Once you complete uploading the 1st set of requirements in the 3rd Step upload the 2nd set of requirements for company termination.
Step No. 4: You should submit all the original document requirement to DMCC.
Step No. 5: A copy of the liquidator’s report should be uploaded on the SR and submit the original to the DMCC.
Step No. 6: The termination of license will be published by DMCC for a period of 14 days.
Step No. 7: You will be receiving de-registration and license termination letters. The original of these copies has to be collected from the DMCC.What are the documents required for DMCC Company Liquidation?
After the application is ready and submitted all with all the required documents through the DMCC Service portal, the application shall then be substantiated and initiated. They will also issue a publication of notice of the termination in a local Arabic newspaper. The final termination of the business will be filed in the registry of DMCC and termination letters shall be issued.Why chose Emirates Chartered Accountants Group for Company Liquidation in DMCC?
Emirates Chartered Accountants Group ensures clients with the apt procedures for Liquidation of Company in DMCC. Get in touch with our team for an initial consultation on how to proceed with in the most appropriate proceedings for Company Liquidation in DMCC.
For Company Liquidation in DMCC
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