Liquidation Report Services in UAE
If you plan to shut down your company in the UAE, you will need a Liquidation Report. This is a legal requirement from most licensing authorities. At Xact Auditing, we assist you in preparing this report and managing the entire liquidation process from start to finish.
Our team has handled numerous company liquidations in the UAE, including those of free zone, mainland, and offshore companies. We work with you step by step to ensure you stay compliant with the latest rules in 2025.
What is a Liquidation Report?
A Liquidation Report in UAE is a financial document. It is prepared by an approved auditor when a company is being closed. This report confirms that:
- The company has no remaining assets or liabilities
- All debts have been settled
- No pending salaries or employee dues remain
- All accounts have been reviewed and closed properly
The report is submitted to the licensing authority with other clearance documents. Without it, the authority will not cancel your trade license.
When Do You Need a Liquidation Report?
You will need this report if you are:
- Closing a business in UAE mainland or a free zone
- Shutting down a company that has debts or financial records
- Planning a voluntary company liquidation
- Appointed as a liquidator for any entity in the UAE
- Completing the final stage of company deregistration
After the liquidation is done, businesses must proceed with the VAT Deregistration and Corporate tax Deregistration.
Types of Companies We Help With
We assist in preparing liquidation reports for:
- Mainland companies under DED or other local departments
- Free zone companies in DMCC, DSO, RAKEZ, IFZA, SPC, Meydan and more
- Offshore companies in JAFZA, RAK ICC, and Ajman Free Zone
- Branches of foreign companies
- Limited liability companies (LLCs) and sole establishments
Each type has its own set of rules, and our liquidators are familiar with all of them.
What Is Included in the Liquidation Report?
Our liquidation report in UAE includes:
- Balance sheet as of the liquidation date
- Statement of assets and liabilities
- List of paid and unpaid creditors
- Confirmation of employee dues settlement
- Proof of no pending loans or bank dues
- A declaration that the company has stopped operations
- Notes from the auditor explaining the closure
- Bank account closure letter
Documents Required to prepare liquidation report
To begin the liquidation process, we will need:
- Trade license copy
- Memorandum of Association (MOA)
- Emirates ID and passport copies of the owners
- Bank statements for the past 12 months
- Corporate tax registration certificate
- Office lease or Ejari cancellation
- Employee visa cancellations from MOHRE
- Customs, utility, and telecom clearances
We guide you on each document and help you get any missing ones.
Our Liquidation Process
We follow a clear, step-by-step approach:
- Initial Consultation
We review your case and explain what is required.
- Document Collection
We help you gather all necessary papers and approvals.
- Notice in the Newspaper
We publish your company’s liquidation notice in two local newspapers for 30 to 45 days.
- Clearances from Authorities
We support you in getting clearances from:
- DEWA / SEWA / ADDC
- Etisalat / DU
- Labor and Immigration
- FTA for tax deregistration
- Custom authorities (if applicable)
- Preparation of Liquidation Report
Our audit team prepares and signs the final liquidation report.
- Final Submission
We submit the report and all supporting documents to your licensing authority. Once approved, your license will be officially cancelled.
How Long Does It Take
The full liquidation process usually takes:
- 2 to 3 days for the preparation of liquidation report
- 6 to 10 weeks for full liquidations, including newspaper notice period and clearances
We also offer fast-track services for those who are short on time.
Why Choose Xact Auditing for your Liquidation Report Services?
If you’re planning to close your business, make sure it’s done the right way. Our liquidation report services in UAE will help you exit safely, legally, and with peace of mind.
Contact us now or schedule your complimentary consultation online. We’ll guide you through everything.