Alliott Management Consulting is legally approved to offer company liquidation in the UAE for all entities – LLC's, free zone companies and offshore companies – from a complete liquidation to assisting with a part or parts of the process, as required by the client.

Liquidation is the process of bringing a business to an end and distributing its assets to claimers. This event usually occurs when a company is insolvent or cannot pay its debts and when creditors request the courts to liquidate the company for them to collect their dues.

Closing a company can be a tedious process unless all the necessary formalities are not done. As a matter of gesture and goodwill, it is required to inform your liabilities to creditors, lessors, and shareholders. The process initially starts with applying for cancellation at the DED and getting clearances from MOHRE, Directorate of Residency and Foreigners Affairs, leasing entity. The process might be longer for shareholding companies liquidating the shares, clearing debts, and settlement of payment.