Liquidation
VSP is an approved auditor and legal liquidator for Limited Liability Companies, Free Zone companies and Offshore companies across UAE. Fast and effective business recovery and insolvency management services are vital for the liquidation of the business.
Under many circumstances, liquidation may be the best option however we carry no pre-conceived notions that a struggling business should be liquidated as a matter of course. We still can help you revive your business and the management consultancy team can help you with this. However, once you have decided not to pursue your business it is mandatory to legally deregister your company from the respective authority under which it is formed. Any failure to the adherence of this formality will invoke many risks for your professional existence in UAE.
We have highly experienced team who can manage effectively and efficiently the liquidation services on a cost effective basis.
Our services include:
- Issue of liquidator’s acceptance letter
- Preparation of Board Resolution/Power of Attorney
- Preparation of Auditor’s report
- Preparation of liquidator’s statement
- Administering the liquidation process
- Supervising the disposal of assets
- Arranging of clearance letters from DEWA, Etisalat/Du, Municipality, Customs etc.
- Facilitating the No Liability Certificate from banks
- Cancellation of labour card, immigration card, employees visa etc.
- Coordinating with the regulatory authorities
