What is Company Liquidation?
                     What is Company Liquidation?
AN OVERVIEW
Company Liquidation is a formal process that is followed 
when a company is closed down and all assets owned by the 
company are sold to benefit the shareholders. It is often 
referred to as the insolvency procedure and includes the 
deregistration process as well. At the end of company 
liquidation, the shareholders and creditors receive 
compensation as per a calculated percentage and the 
company ceases all its operations.
Types of Liquidation:
Company liquidation in Dubai, UAE is of the following types:
01 Voluntary Liquidation
02 Involuntary Liquidation 
03 Compulsory Liquidation 
Voluntary Liquidation
In voluntary liquidation, the decision for the dissolution of a 
company is taken by the owners of the company, directors and 
shareholders.
Involuntary Liquidation 
Involuntary liquidation occurs when the shareholders decide 
that the company is incapable of continuing its business due to 
poor operating conditions, massive losses, debts incurred, etc. 
Involuntary liquidation is often a measure taken to stop losses 
for a company.
Compulsory Liquidation 
Compulsory Liquidation is a mandatory liquidation that occurs 
when investors and creditors initiate legal action against a 
company for not being able to clear dues on time.
What is required for Company 
Liquidation in Dubai, UAE?
The following documents are necessary to initiate the company 
liquidation process in UAE: 
 Emirates ID 
 A Copy of Shareholders’ Passport 
 Shareholders Resolution
 A Copy of Business License 
 Deregistration Application Form
 Power of Attorney (If Any)
 A Copy of Memorandum of Association (MOA) 
MPMS Company Liquidation 
Services
At MPMS, we have a team of expert company liquidation consultants 
that help you:
 Complete the documentation process 
 With the paperwork to clear debt and settle claims
 Obtain clearances from DDA Finance Department, 
 Get the go ahead from Dubai Customs Department, 
 Complete the process with DDA IT Section, and more.
Our experienced liquidation consultants help you through the entire 
dissolution process so that you can exit your company from the UAE 
without legal hassles. understand the complexities of your business and 
offer an effective solution to help you wind up your company smoothly. 
Why Choose MPMS?
Struggling with unpaid debts or an uncertain future of your 
company? Invest in professional company liquidation services to 
wind up your business hassle-free. MPMS is a trusted and 
reliable company liquidation services provider that deeply 
understands the complexity of your business and assists you 
throughout the liquidation process to help you move out legally 
and smoothly. 
THANKS!
CONTACT US
+971-55 (554) 0853
[email protected]
www.themilestoneuae.com