Offshore companies in the UAE offer tax benefits, privacy, and global business flexibility. However, when an entity is no longer required, closing it through a legal liquidation process is essential. Offshore company liquidation in the UAE ensures compliance with local regulations, protects stakeholders, and avoids penalties.
At Nines Consultancy, we guide you through every step of offshore company liquidation with transparency and efficiency, ensuring a smooth closure that meets all legal requirements.

Liquidation is the formal process of winding up a company and dissolving its legal existence. Offshore liquidation in UAE follows structured steps to ensure compliance with the offshore jurisdiction where the company is registered (such as JAFZA, RAKICC, or Ajman Offshore).

Step-by-Step Process

• Board Resolution:  Shareholders pass a resolution to liquidate the company.
• Appointment of a Liquidator: A licensed liquidator is appointed to oversee the process.
• Submission of Documents: The liquidator prepares necessary reports and submits them to the offshore authority.
• Clearance from Authorities: NOCs are obtained from banks, utility providers, and relevant departments.
• Settlement of Liabilities:  Any debts, obligations, or pending dues are cleared.
• Final Liquidator Report: The liquidator issues a final report confirming the completion of the process.
• Company Deregistration: The offshore authority officially strikes the company off the register.

Liquidating an Offshore company in the UAE can be a strategic decision for several reasons, including:

• Compliance Assurance: Avoid fines or legal issues by closing the entity correctly.
• Debt Resolution: Settle outstanding liabilities and protect personal reputation.
• Transparency: Official closure recorded with UAE authorities.
• Peace of Mind: No ongoing obligations like renewals or penalties.
• Asset Distribution: Remaining assets are distributed fairly to shareholders.

• Board resolution for liquidation
• Appointment letter of liquidator
• Valid trade license copy
• Shareholders’ passport copies
• Latest financial statements (if applicable)
• Clearance certificates from banks and relevant authorities
• Proof of settled liabilities

• Cost: Offshore company liquidation costs in the UAE vary depending on the jurisdiction, number of shareholders, and pending liabilities. Typically, costs include government fees, liquidator charges, and consultancy fees.
• Timeline: On average, offshore liquidation takes 4 to 8 weeks, depending on how quickly documents and approvals are secured.Nines Consultancy provides transparent cost breakdowns and ensures no hidden fees.

Liquidating your company in the UAE can be a complex and stressful process. By partnering with Nines Consultancy, you can ensure a smooth and legally compliant liquidation. Here’s why we are your ideal choice:

• Expert Legal Knowledge: We provide expert guidance on UAE liquidation laws and regulations.
• End-to-End Support: From appointing liquidators to de-registration, we handle everything for you.
• Transparent Pricing: No hidden fees. We offer cost-effective solutions tailored to your needs.
• Local Expertise: With in-depth knowledge of UAE’s business landscape, we ensure compliance with all local authorities.
• Swift Process: We strive to complete the liquidation process efficiently, saving your time and resources.

Offshore company liquidation in the UAE is a structured process that protects shareholders and ensures legal compliance. Whether due to business restructuring, completed objectives, or financial challenges, closing your company the right way prevents future complications.

Nines Consultancy simplifies offshore company liquidation with expertise, transparency, and timely execution.

Ready to close your offshore company in UAE?

Contact us today for a free consultation or chat with us on WhatsApp.