Incorporation and Liquidation
In United Arab Emirates, there are different options with different cost structure to incorporate a Company. It is better to get advice on which area or free zone will be good for a Company considering the nature of business. With the introduction of Corporate Tax, Designated Free Zone has more Corporate Tax benefits compared to other free zones and mainland areas. We would be able to advice on the suitable option to start a Company with UAE considering your nature of business and cost budget.
Liquidation is a process to be undertaken if we are going to close your business within UAE. It is process to ensure that you are free from any liabilities within UAE. In the absence of proper liquidation of the Company under your name, you will be subject to future issues. Our Audit Partner, is registered as approved Liquidator within UAE.
”Many business failures could be avoided if owners just got some expert business recovery advice“
Moreover, directors who ignore such problems run the risk of committing offences under the Insolvency Act such as fraudulent trading, misfeasance, wrongful trading, and preferential or undervalue transactions – for which the penalty might be disqualification, or worse!
The key is to seek professional help as soon as the first signs of difficulty appear. With timely advice a company may be saved from liquidation or receivership, particularly if there is a genuinely profitable core to the business.
