Business Advisory
Company Liquidation Support in the UAE
Closing a UAE company is not simply walking away, it requires settling liabilities, final accounts, a liquidator's report, clearing tax obligations and formal deregistration. Done wrong, it leaves penalties and liabilities attached to owners. Ledger Wise supports the accounting and compliance side of liquidation, preparing the financials, final filings and documentation so your company is wound up cleanly and properly closed.
What's included
What our company liquidation support covers.
Final accounts
We prepare the financial statements needed to close the company.
Liquidator report support
We prepare the accounting behind the liquidator's report.
Tax clearance
We handle final VAT and corporate tax returns and deregistration so nothing is left open.
Settling the books
We make sure liabilities and balances are properly accounted for at closure.
Documentation
We assemble the records the authorities require to deregister the entity.
How liquidation support works
- 01
Assess the position
We review the company's books, liabilities and obligations to map what closing requires.
- 02
Prepare and file
We prepare final accounts and returns, and handle tax deregistration.
- 03
Support closure
We provide the documentation and reporting needed to formally deregister.
Why Ledger Wise
Closed cleanly
We make sure final accounts, tax and filings are done, so nothing follows the owners afterwards.
Tax handled in step
VAT and corporate tax deregistration handled as part of the closure, not forgotten.
Documentation ready
The records and reporting the authorities require, prepared properly.
Related services
Questions
Company liquidation, answered.
- It involves settling the company's liabilities, preparing final accounts and a liquidator's report, clearing VAT and corporate tax obligations including deregistration, and formally cancelling the licence and registrations.
- Letting a licence lapse does not close the company properly. Obligations, including tax filing and registration, can remain, and penalties can accrue against the entity and its owners. Formal liquidation ends them.
- Yes. Both VAT and corporate tax registrations must be formally cancelled with the FTA, with final returns filed, as part of closing the company. We handle this alongside the liquidation.
- It is a formal report, prepared in the liquidation process, confirming the company's affairs have been wound up. We prepare the accounting that supports it.
- Outstanding VAT and corporate tax, returns and any penalties need to be settled for the company to be deregistered and closed. We identify and address these as part of the process.
- We provide the accounting and tax compliance support behind liquidation, the final accounts, filings and deregistration. Where a formally appointed liquidator is required, we work alongside them.
Close your company the right way.
Book a consultation and we will handle the accounting and tax side of winding your company up cleanly.