The firm’s obligations may considerably outnumber its assets, putting the corporation in danger of going bankrupt. The firm will have to close if it cannot continue to operate. Liquidation of a firm can also be optional if the management has decided to close it down for reasons that are known to them. Following the liquidation procedure, all the business assets are used to cover all of the company’s obligations. If some assets remain after all the business liabilities have been resolved, they are sold, and the profits are divided up amongst the business’s directors and shareholders.

Company liquidation in Dubai is an insolvency operation in which a company is wound up and all of its properties are dissolved. The proceeds are used to repay debts, cover expenses, and distribute any residual excess to the company’s owners.

Miqat is one of Dubai’s and the UAE’s major auditing and business consulting firms. Considering the expertise in finishing the process of company liquidation in UAE, our specialists will make your job easier.