Company Liquidation

1. Initial Assessment and Consultation

We begin by understanding the reason for liquidation (voluntary or mandatory) and reviewing your company’s financial standing, liabilities, and assets.

Result: You receive a clear understanding of the liquidation process and its implications on your business.

2. Preparation of Liquidation Plan

We work with you to create a comprehensive liquidation plan, which includes settling outstanding debts, managing assets, and ensuring compliance with legal requirements.

Result: A tailored strategy for dissolving your company in the most efficient and compliant manner.

3. Board Resolutions and Documentation

Our team prepares all the necessary legal documents and resolutions, including the decision to liquidate, shareholder approvals, and related paperwork.

Result: The legal groundwork is laid, ensuring the process complies with all local regulations.

4. Settling Outstanding Liabilities

We work with creditors and banks to ensure all outstanding debts, loans, and payments are settled or arranged before moving forward with liquidation.

Result: All debts are cleared, and your company’s financial obligations are handled to avoid legal issues.

5. Asset Distribution

We assist in distributing the company’s assets according to shareholder agreements and legal guidelines, ensuring proper distribution and compliance.

Result: Assets are managed fairly and in line with legal obligations, providing closure to stakeholders.

By working with Al Naseem Sabah, you ensure a seamless company liquidation process — legal compliance, debt settlement, and asset management, all wrapped up in an efficient and stress-free service. Our team handles the complexities of liquidation so you can move forward with peace of mind.

6. Deregistration and Cancellation

We handle the cancellation of your company’s registration with relevant authorities, including the Ministry of Economy, DED, Free Zones, and any other regulatory bodies.

Result: Your company is officially dissolved, and all business licenses are canceled, ensuring no future

7. Final Reporting and Closure

We provide a final liquidation report summarizing the entire process, including asset distribution, debt settlement, and deregistration.

Result: Full transparency and legal closure, with all paperwork finalized for your records.