Exit Smart. Exit Legally. Let GPA Handle It Smoothly
Company liquidation is the formal legal process of permanently closing a business entity and removing it from the UAE’s commercial registry. Whether your business is in Mainland, Free Zone, or Offshore, liquidation involves settling all outstanding obligations, cancelling licenses and visas, and obtaining required clearances from government and regulatory bodies.
Liquidation ensures the company is legally and financially closed to avoid:
- Accruing penalties for non-renewal of licenses or visas
- Blacklisting or travel bans on shareholders
- Damage to corporate credit history or reputation
• Regulatory action or asset freezes
Types of Company Liquidation in the UAE
Voluntary Liquidation
Involuntary (Compulsory) Liquidation
Required When
- Business is shutting down operations permanently
- License renewal is not planned
- Partners decide to part ways
- Need to avoid accumulating fines or penalties
Benefits of Setting Up a Mainland Business in UAE
Mainland businesses are registered with the Department of Economic Development (DED)
and allow you to trade anywhere within the UAE and internationally.
Key Benefits:
Ideal for:
- International trading companies
- Investment and holding firms
- Intellectual property management
How GPA Helps:
- We manage the end-to-end liquidation process across all UAE jurisdictions—ensuring legal
compliance, proper documentation, and minimal disruption for shareholders or
stakeholders. We: - Prepare and submit the board resolution for liquidation
- Coordinate with auditors to issue the liquidation report (if required)
- Cancel trade licenses, visas, labor cards, deregistration of FTA account (VAT & CT),
and any custom codes - Obtain NOCs from utilities, immigration, banks, and leasing authorities
- File the final liquidation application with the relevant authority
- Ensure smooth de-registration from MOE, DED, and other regulators
- Minimize delays and protect your legal standing and credit rating
Why GPA?
- Experts in Mainland, Free Zone, and Offshore liquidation
- Legal coordination with auditors, PROs, landlords & regulators
- Transparent timelines, minimal disruption
- Cost-efficient solutions with no hidden fees
- Arabic-English support for official filings and government correspondence End-to-end service—from board resolution to final deregistration
FAQs
What are corporate tax requirements in the UAE?
Corporate tax is mandatory for companies earning above a specific threshold. This involves registering with the Federal Tax Authority (FTA), filing returns, and maintaining proper records. Our experts handle the entire process, from registration to compliance, ensuring your business adheres to all legal obligations while optimizing your tax strategy.
How do CFO services benefit SMEs?
Our CFO services provide strategic financial advice, cost optimization, and cash flow management tailored to SMEs. It’s like having a financial expert to guide your business towards growth.
Do you assist with backlog accounting?
Yes, we provide backlog accounting services to clean up and organize your records, crucial for compliance and future planning.
Can you help with VAT refunds?
Absolutely! We specialize in VAT refunds, ensuring accurate claims for prompt recovery.
How do I keep my accounts up to date?
We offer bookkeeping and accounting services that ensure compliance and provide real-time updates so you can make informed decisions.