Liquidation
Closing with Compliance, Clarity, and Control
Whether by choice or necessity, liquidating a company in the UAE requires more than simply shutting down operations. It is a regulated process that involves:
- Settling all debts and liabilities
- Distributing assets fairly
- Obtaining regulatory and tax clearances
- Formally removing the entity from the UAE commercial register
Two Types of Liquidation in the UAE
The process varies between mainland and free zone jurisdictions and must be managed in strict compliance with UAE Commercial Companies Law, Corporate Tax Law, Labour Law, and licensing authority regulations.
At AKW Consultants, we manage liquidations end-to-end (from advisory and document preparation to liquidator coordination, regulatory liaison, and final deregistration), ensuring your closure is transparent, compliant, and efficient.
Top FIVE Liquidation Challenges in the UAE
01
Valuation & Asset Recovery
Disposing of property, inventory, equipment, or IP at fair value is complex, especially if assets are illiquid or obsolete.
02
Creditor Claims
Misclassifying or mishandling priority claims (banks, employees, FTA, suppliers) can result in disputes or litigation.
03
Regulatory Clearance
Every authority, from immigration to utilities, must issue No Objection Certificates (NOCs) before deregistration.
04
Prolonged Timelines
Pending tax filings, audits, shareholder disputes, or court involvement can stretch the closure process for months.
05
Stakeholder Disputes
Disagreements over debt settlements, asset values, or profit distribution often stall liquidation without skilled mediation.
HOW WE HELP
Our Liquidation Solutions
Liquidation Advisory & Project Management
- Advising on voluntary vs. compulsory liquidation routes
- Coordinating with licensed liquidators
- Preparing shareholder resolutions and statutory notices
Regulatory & Licensing Exit Procedures
- Filing licence cancellation with DED, free zone authorities, or offshore registrars
- Obtaining NOCs from tax, immigration, and utilities
- Publishing mandatory legal notices in UAE newspapers
- Coordinating final inspections and audits
- Deregistering from the Federal Tax Authority (FTA)
Banking, Payroll & Asset Settlement
- Closing corporate bank accounts
- Settling payroll and end-of-service gratuities
- Mediating creditor negotiations
- Supervising lawful disposal or transfer of assets
Liquidator Report Preparation
- Reconciling receivables, payables, and inventory
- Preparing liquidation financial statements
- Submitting the final liquidator’s report for deregistration
Why Businesses Choose AKW
Jurisdiction-Wide Expertise
Liquidations across mainland,
free zones, and offshore
Licensed Liquidator Coordination
Seamless,
compliant execution
Cross-Functional Advisory
Tax, HR, audit, and compliance
handled in-house
Complex Structures
Expertise in winding down SPVs, Holding Companies, and multi-entity groups
Regulatory Confidence
Experience in high-stakes cases
for regulated industries
Close Your Business with Confidence
Liquidation done poorly can leave behind tax, legal, or financial liabilities that follow you long after closure. With AKW, you get a clean, compliant, and dispute-free exit - with no loose ends.