Liquidation is the process of ceasing of operations of a company. No matter of what type of business you own in the UAE, you must cancel your business license and all related permits associated with it when you have made your decision to close it down.
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The company liquidation is the way toward closing an LLC company, canceling the trade license and distributing the organization assets and properties.
Being determinedly in exchanging an organization, a vendor has a wide extent of powers which empowers him to examine which association resources are to be offered to settle the organization's obligations.