Company Closures and Liquidation

The laws of most countries contain different rules, applicable to the procedure of companies’ liquidation – either voluntary or compulsory. There are plenty of examples and cases when business owners simply forget or leave their companies which are no longer required, thus wanting to save time and money on the formalities related to the official liquidation / closure of such company in Dubai, UAE. In such cases, the required procedures of closure / liquidation of the company are not made in time or totally fail to be completed. The owners of such companies expect that the company will first be deleted from the companies registry for non-payment of annual fees, and, as a result, would lead to the automatic closure of the company in the UAE, and after a while will be completely liquidated.