Voluntary Liquidation in UAE | Types and Process

Voluntary liquidation in UAE is when a company decides to close its business and settle everything, usually because it’s no longer profitable, its goals have been achieved, or the owners simply want to exit. This decision is made by the company’s shareholders or directors and follows a clear process set by the UAE’s laws. The goal of voluntary liquidation is to end the business in a smooth and organized way, pay off any debts, sell off the company’s assets, and distribute any remaining money to the shareholders.
In this guide, we’ll look at why businesses choose voluntary liquidation, how the process works, and important things business owners should keep in mind when closing their company in the UAE.