Ideal for Businesses needing formal liquidation services with public notice requirements.
What's Included?
All services included in the basic package
Newspaper Ads: Required notices published in both English and Arabic newspapers.
Full Professional Assistance: Complete management of the liquidation process, including: - Liquidator appointment. - Authority notifications. - Settlement of liabilities and license cancellations. - Handling all procedural requirements with DDA.
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We’ll review your business needs and recommend the best package. Timeline: Initial consultation and document review within 1-2 business days.
2
Document Preparation
Our experts prepare all necessary documentation. Timeline: Completed within 5-7 business days.
3
Liquidation Notice
Newspaper advertisements placed (Premium Package). Timeline: Ads published within 3-5 business days.
Final De-registration
Full coordination with DDA to ensure smooth closure. Timeline: Entire process completed in approximately 45-90 days including mandatory 45 days newspaper ad.
You need these documents for it
Bank Closing Letter (or confirmation if no bank account).
Everything you need to know about our Liquidation service
Why is a newspaper advertisement necessary for liquidation?
DDA requires notices in two local newspapers (English and Arabic) to inform creditors and allow claims. We manage this for you in the Premium Package.
Can Finanshels handle my entire liquidation process?
Yes, our Premium Package offers full service from start to finish, ensuring a smooth and compliant closure
How do I ensure the fastest liquidation process?
Provide all required documents promptly and communicate regularly with our team to expedite the process.
Do I need to handle any paperwork myself?
No, we handle all document submissions and procedural requirements with the relevant authorities. The extent of assistance depends on your chosen package.
How long does the liquidation process take?
The timeframe varies based on your package and business complexity. Basic liquidation can take a few weeks, while comprehensive services like tax deregistration and audited financials may take longer.