Liquidation is the method by which a LLC company (or a part of a company), sole establishment, Dubai free zone company or institution closes its operation and therefore the assets and property of the corporate or institution is distributed to creditors and shareholders (owners) of the United Arab Emirates registered Company. Liquidation is additionally known or noted as winding-up or dissolution, though dissolution theoretically refers to the ultimate steps of liquidation process. The liquidation of company in Dubai, United Arab Emirates becomes inevitable when a corporation don?t have liquid funds to hold on day to day transaction of the company, creditors aren?t being paid or company commits some serious offense, and a regulatory authority or agency in United Arab Emirates of Free Zone Authority accountable for the relevant sector files a suit for the effecting the operations of the corporate.
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