Our experienced professionals deliver accurate and reliable bookkeeping and accounting services tailored to your business needs—all at competitive and affordable rates.
- info@smartbiz.ae
- UAE
Making the decision to close your business is never easy—but once that decision is made, navigating the company liquidation process professionally becomes crucial. At Smart Biz, we specialize in providing comprehensive company closure services that ensure your business is legally and financially dissolved with minimal complications.
Over the years, we’ve supported hundreds of clients in the UAE through efficient business liquidation, helping them reduce legal liabilities, safeguard personal assets, and wrap up operations smoothly.
Company closure—also referred to as liquidation, dissolution, or winding up—is the legal process of formally shutting down a business registered in the UAE, whether it is a Mainland Company, Free Zone Entity, or a Sole Establishment. During this process, the company’s remaining assets are used to settle outstanding debts, and any remaining funds are distributed among shareholders or owners in accordance with UAE regulations.
Liquidation typically becomes mandatory or voluntary under the following circumstances:
The company is no longer financially solvent and cannot meet daily operational expenses
Creditors are not being paid due to insufficient cash flow
The company has committed a serious legal or regulatory violation
The owners voluntarily choose to exit the market and shut down operations
Depending on the situation, liquidation can either be a compulsory process (initiated by a court or creditor) or a voluntary decision made by the shareholders.
Our experienced professionals deliver accurate and reliable bookkeeping and accounting services tailored to your business needs—all at competitive and affordable rates.
VAT (Value Added Tax) was implemented in the UAE beginning in 2018 as part of the country’s economic development initiatives. To learn more, please refer to our FAQs section below.
Smart Biz offers a full suite of accounting services, including general ledger management, accounts receivable and payable, budgeting, financial reporting, and bank reconciliation solutions.
Our team of professionals and technical specialists delivers tailored accounting software solutions designed to align perfectly with your specific business requirements.
Board Resolution for liquidation (notarized and attested)
Copy of Trade License
Memorandum of Association (MOA) – and all amendments, if any
Copy of Emirates ID & Passport of all shareholders
Final Audit Report prepared by a certified auditor
NOC from the relevant Free Zone Authority or DED (Mainland)
NOC from the utility provider (DEWA, SEWA, or FEWA)
Clearance letter from the Labour & Immigration Departments
Clearance certificate from the bank (after closing the business account)
VAT Deregistration certificate from the Federal Tax Authority (if applicable)
Lease Agreement/Ejari cancellation proof
Cancellation of all existing visas under the company, including employees and partners
Official appointment letter of the liquidator (for LLCs and other entities where applicable)
Liquidation typically becomes mandatory or voluntary under the following circumstances:
The company is no longer financially solvent and cannot meet daily operational expenses
Creditors are not being paid due to insufficient cash flow
The company has committed a serious legal or regulatory violation
The owners voluntarily choose to exit the market and shut down operations
Depending on the situation, liquidation can either be a compulsory process (initiated by a court or creditor) or a voluntary decision made by the shareholders.
Worried about the complexities of accounting and bookkeeping services in the UAE? Leave your concerns behind!
✔️ Extensive Expertise: Our in-house team consists of finance controllers and chartered accountants with over 15 years of valuable experience.
✔️ Regular Coordination: We maintain continuous communication and send timely reminders, ensuring you never miss important tax filing deadlines.
✔️ Strict Compliance: We guarantee that your business fully complies with all UAE laws and regulatory requirements.
✔️ Virtual CFO Solutions: Smart Biz provides professional virtual CFO services, focusing on cash flow management, accounting, and financial advisory to empower smarter financial decisions.
✔️ Timely Delivery: By thoroughly reviewing your financials, we detect and rectify errors—whether due to omission, commission, or fraudulent intent—to help you meet all deadlines accurately.
✔️ Unwavering Professionalism: We ensure every financial report is prepared with meticulous attention to detail and the highest standards of professionalism.
Why Choose Us? Dubai’s Leading Chartered Accountants
At Smart Biz, our team of seasoned accountants brings deep expertise in auditing and assurance services. We perform independent audits to ensure the accuracy and trustworthiness of financial information for businesses and organizations. Our Chartered Accountants, both locally in Dubai and internationally certified, hold prestigious qualifications. With a keen eye for detail, our professionals identify potential risks, gaps in internal controls, and areas for improvement. We work closely with clients to enhance their financial systems and processes, fostering growth and operational excellence. Smart Biz is committed to delivering personalized accounting solutions, ensuring each client benefits from high-quality services designed to address their specific requirements.
Whether you’re a startup, entrepreneur, or global investor, Smart Biz makes your UAE business formation simple, fast, and fully compliant. From Freezone and Mainland to Offshore setups, we manage everything — licensing, visas, banking, VAT, and more.
Book your free consultation today and take the first step toward your UAE business journey.
At Smart Biz Setup, we specialize in helping entrepreneurs, startups, and global investors establish their businesses in the UAE with ease and confidence.
Have questions or need assistance? Our team is here to help – don’t hesitate to reach out.
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