{"id":744,"date":"2025-10-28T22:21:24","date_gmt":"2025-10-28T22:21:24","guid":{"rendered":"https:\/\/eighty20.me\/uae\/?page_id=744"},"modified":"2026-09-30T18:35:30","modified_gmt":"2026-09-30T18:35:30","slug":"liquidation-audit","status":"publish","type":"page","link":"https:\/\/eighty20.me\/uae\/audit-assurance\/liquidation-audit\/","title":{"rendered":"Liquidation Audit"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"744\" class=\"elementor elementor-744\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d7ca378 e-flex e-con-boxed e-con e-parent\" data-id=\"d7ca378\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-e77785d e-con-full e-flex e-con e-child\" data-id=\"e77785d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-173c8a0 elementor-icon-list--layout-inline elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"173c8a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/eighty20.me\/uae\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-home\" viewBox=\"0 0 576 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M280.37 148.26L96 300.11V464a16 16 0 0 0 16 16l112.06-.29a16 16 0 0 0 15.92-16V368a16 16 0 0 1 16-16h64a16 16 0 0 1 16 16v95.64a16 16 0 0 0 16 16.05L464 480a16 16 0 0 0 16-16V300L295.67 148.26a12.19 12.19 0 0 0-15.3 0zM571.6 251.47L488 182.56V44.05a12 12 0 0 0-12-12h-56a12 12 0 0 0-12 12v72.61L318.47 43a48 48 0 0 0-61 0L4.34 251.47a12 12 0 0 0-1.6 16.9l25.5 31A12 12 0 0 0 45.15 301l235.22-193.74a12.19 12.19 0 0 1 15.3 0L530.9 301a12 12 0 0 0 16.9-1.6l25.5-31a12 12 0 0 0-1.7-16.93z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Home<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Service<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Liquidation Audit<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc71e28 elementor-widget elementor-widget-heading\" data-id=\"dc71e28\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Liquidation Audit<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ffb1d46 e-con-full e-flex e-con e-child\" data-id=\"ffb1d46\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8951eb0 elementor-widget elementor-widget-text-editor\" data-id=\"8951eb0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>At Eighty20, we combine expertise with integrity to deliver reliable business and financial solutions. Our team ensures every service and report adds real value to your business growth.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8ea6714 e-flex e-con-boxed e-con e-parent\" data-id=\"8ea6714\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-e9f9668 e-con-full e-flex e-con e-child\" data-id=\"e9f9668\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6df8355 elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"6df8355\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;exclude_headings_by_selector&quot;:[],&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;,&quot;h5&quot;,&quot;h6&quot;],&quot;marker_view&quot;:&quot;numbers&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__6df8355\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__6df8355\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__6df8355\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewBox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ad27ad1 elementor-widget elementor-widget-text-editor\" data-id=\"ad27ad1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Closing a company in the UAE involves much more than cancelling a trade licence. The business may need to settle creditors, employees, and tax liabilities, reconcile its financial records, appoint a liquidator, complete deregistration requirements, and prepare final liquidation accounts before the entity can be removed from the relevant commercial register.<\/p>\n<p>Our <strong>liquidation audit services in the UAE<\/strong> help businesses organise the financial side of this process and prepare their accounts for an orderly closure.<\/p>\n<p>Depending on the company type, jurisdiction, and licensing authority, our support can include reviewing financial records, reconciling assets and liabilities, preparing closing accounts, supporting required audit procedures, coordinating tax deregistration, and helping prepare the financial information required by the appointed liquidator and relevant authorities.<\/p>\n<p>The objective is simple: identify unresolved financial issues before they delay the company closure process.<\/p>\n<h2>What Does Company Liquidation Mean in the UAE?<\/h2>\n<p>Company liquidation is the formal process of winding up a business, settling its liabilities, realising or distributing its assets, and completing the legal steps required to bring the company&#8217;s existence to an end.<\/p>\n<p>Under the UAE Commercial Companies Law, once a company is dissolved, the powers of its managers or board generally cease, and the liquidation is conducted by one or more appointed liquidators.<\/p>\n<p>The company continues to exist during the liquidation period only to the extent required to complete the liquidation.<\/p>\n<p>Liquidation may arise because:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Shareholders decide to close the business<\/li>\n \t<li>The company&#8217;s agreed duration or purpose ends<\/li>\n \t<li>The business is restructured<\/li>\n \t<li>A court orders dissolution<\/li>\n \t<li>The company can no longer continue its activities<\/li>\n \t<li>Another legal ground for dissolution applies<\/li>\n<\/ul>\n<p>The exact closure process depends on the company&#8217;s legal form, licensing authority, and jurisdiction.<\/p>\n<h2>Is a Liquidation Audit Mandatory in the UAE?<\/h2>\n<p>Not every UAE company closure should automatically be described as requiring the same type of liquidation audit. The <strong>close a company in UAE audit requirement<\/strong> can vary depending on the company&#8217;s legal form, mainland or free-zone jurisdiction, licensing authority, regulated activities, tax position, and requirements imposed by the competent authority.<\/p>\n<p>Our liquidation audit services in the UAE therefore cover the accounting review, audit-readiness, financial reporting, and closure support required for the company&#8217;s specific situation rather than assuming one identical audit requirement applies to every UAE entity.<\/p>\n<p>However, whether separately audited or certified financial statements are required can also depend on:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Legal form<\/li>\n \t<li>Mainland or free-zone jurisdiction<\/li>\n \t<li>Licensing authority<\/li>\n \t<li>Company constitutional documents<\/li>\n \t<li>Regulated activities<\/li>\n \t<li>Tax position<\/li>\n \t<li>Requirements imposed by the competent authority<\/li>\n<\/ul>\n<p>This distinction is important.<\/p>\n<p>Our liquidation audit services in the UAE therefore cover the accounting review, audit-readiness, financial reporting, and closure support needed for the company&#8217;s specific situation rather than assuming one identical audit requirement applies to every UAE entity.<\/p>\n<h2>Who Can Act as a Liquidator in the UAE?<\/h2>\n<p>For companies governed by the UAE Commercial Companies Law, liquidation is conducted by one or more liquidators appointed by the partners, General Assembly, or equivalent body. Businesses searching for an <strong>approved liquidator auditor UAE free zone<\/strong> should first confirm the appointment and independence requirements of the relevant free-zone authority, as the required roles and approvals can differ by jurisdiction.<\/p>\n<p>A court appoints the liquidator where liquidation results from a court order. An important independence rule also applies: the appointed liquidator cannot be the company&#8217;s current auditor and cannot have audited the company&#8217;s accounts during the five years immediately preceding the appointment.<\/p>\n<p>This means the roles of:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Existing statutory auditor<\/li>\n \t<li>Liquidator<\/li>\n \t<li>Accounting support provider<\/li>\n \t<li>Tax adviser<\/li>\n<\/ul>\n<p>should be clearly distinguished during the closure process.<\/p>\n<h2>What Is Reviewed During a Company Liquidation?<\/h2>\n<p>The financial review typically begins by establishing what the company owns, what it owes, and which financial matters remain unresolved.<\/p>\n<h3>Assets<\/h3>\n<p>The review may cover:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Bank balances<\/li>\n \t<li>Trade receivables<\/li>\n \t<li>Inventory<\/li>\n \t<li>Fixed assets<\/li>\n \t<li>Deposits<\/li>\n \t<li>Intercompany receivables<\/li>\n \t<li>Other recoverable amounts<\/li>\n<\/ul>\n<h3>Liabilities<\/h3>\n<p>Liabilities may include:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Trade creditors<\/li>\n \t<li>Bank financing<\/li>\n \t<li>Employee liabilities<\/li>\n \t<li>Accrued expenses<\/li>\n \t<li>Lease obligations<\/li>\n \t<li>Related-party balances<\/li>\n \t<li>Tax liabilities<\/li>\n \t<li>Other outstanding claims<\/li>\n<\/ul>\n<h3>Financial Records<\/h3>\n<p>The accounting team may also review:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>General ledger<\/li>\n \t<li>Trial balance<\/li>\n \t<li>Bank reconciliations<\/li>\n \t<li>Accounts receivable schedules<\/li>\n \t<li>Accounts payable schedules<\/li>\n \t<li>Fixed asset register<\/li>\n \t<li>Payroll records<\/li>\n \t<li>VAT records<\/li>\n \t<li>Corporate Tax records<\/li>\n \t<li>Related-party balances<\/li>\n \t<li>Financial statements<\/li>\n<\/ul>\n<p>This information provides the foundation for the liquidation accounts and settlement process.<\/p>\n<h2>What Does UAE Law Require the Liquidator to Do?<\/h2>\n<p>The UAE Commercial Companies Law sets out a number of responsibilities for the liquidator.<\/p>\n<h3>Identify Assets and Liabilities<\/h3>\n<p>Immediately after appointment, the liquidator must conduct an inventory of the company&#8217;s assets and liabilities.<\/p>\n<p>The liquidator must also prepare a detailed list of those assets and liabilities together with a balance sheet.<\/p>\n<h3>Protect and Collect Company Assets<\/h3>\n<p>The liquidator is responsible for preserving company assets and rights and collecting amounts owed to the company.<\/p>\n<h3>Settle Company Debts<\/h3>\n<p>The liquidator takes the necessary steps to settle company liabilities in accordance with the applicable legal priorities.<\/p>\n<h3>Notify Creditors<\/h3>\n<p>Under the federal Commercial Companies Law, creditors are notified of the commencement of liquidation and invited to submit their claims.<\/p>\n<p>The law provides for notice through registered communication and publication in two local daily newspapers, including at least one Arabic-language newspaper, with creditors given at least <strong>30 days<\/strong> from the notice to submit their claims.<\/p>\n<h3>Maintain Liquidation Records<\/h3>\n<p>Transactions performed during the liquidation must be properly documented.<\/p>\n<h3>Prepare Liquidation Accounts<\/h3>\n<p>The law requires interim reporting during the liquidation and, once liquidation work is completed, a <strong>final account of liquidation<\/strong>.<\/p>\n<p>Liquidation ends upon approval of that final account, after which completion must be entered in the commercial register and the company is removed from that register.<\/p>\n<h2>What Is a Final Liquidation Account?<\/h2>\n<p>A final liquidation account in the UAE is the financial record showing how the company&#8217;s affairs were concluded during liquidation. Where additional assurance or authority-specific documentation is required, a <strong>liquidation report auditor Dubai<\/strong> may also need to review or support the relevant financial information according to the applicable closure procedure.<\/p>\n<p>Depending on the circumstances, it may show:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Opening assets and liabilities<\/li>\n \t<li>Amounts collected from customers<\/li>\n \t<li>Assets disposed of<\/li>\n \t<li>Liabilities settled<\/li>\n \t<li>Employee-related payments<\/li>\n \t<li>Tax payments<\/li>\n \t<li>Liquidation expenses<\/li>\n \t<li>Creditor settlements<\/li>\n \t<li>Remaining cash<\/li>\n \t<li>Distributions to shareholders or partners<\/li>\n \t<li>Closing balances<\/li>\n<\/ul>\n<p>The appointed liquidator submits the final account to the partners, General Assembly, or competent court as applicable.<\/p>\n<p>It should not automatically be described as the same thing as an annual statutory audit report.<\/p>\n<h2>Liquidation Audit vs Annual Financial Audit<\/h2>\n<p>The two services serve different purposes.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"8\">\n<thead>\n<tr>\n<th>Area<\/th>\n<th>Liquidation Accounting \/ Audit Support<\/th>\n<th>Annual Financial Audit<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Main purpose<\/td>\n<td>Support company winding-up and final financial closure<\/td>\n<td>Express an audit opinion on annual financial statements<\/td>\n<\/tr>\n<tr>\n<td>Timing<\/td>\n<td>When the company is closing<\/td>\n<td>Normally after a financial reporting period<\/td>\n<\/tr>\n<tr>\n<td>Primary focus<\/td>\n<td>Assets, liabilities, settlements and closing balances<\/td>\n<td>Financial statements as a whole<\/td>\n<\/tr>\n<tr>\n<td>Going concern<\/td>\n<td>Business is being wound up<\/td>\n<td>Business normally continues operating<\/td>\n<\/tr>\n<tr>\n<td>Creditors<\/td>\n<td>Settlement and claims are central to the process<\/td>\n<td>Creditors may be relevant but are not the purpose of the audit<\/td>\n<\/tr>\n<tr>\n<td>Asset disposal<\/td>\n<td>Often a key liquidation issue<\/td>\n<td>Usually treated as normal accounting activity<\/td>\n<\/tr>\n<tr>\n<td>Final liquidation account<\/td>\n<td>Relevant<\/td>\n<td>Not normally part of an annual audit<\/td>\n<\/tr>\n<tr>\n<td>Company deregistration<\/td>\n<td>Supports the closure process<\/td>\n<td>Does not itself close the company<\/td>\n<\/tr>\n<tr>\n<td>Tax deregistration<\/td>\n<td>May form part of wider closure coordination<\/td>\n<td>Normally outside the core annual audit<\/td>\n<\/tr>\n<tr>\n<td>Liquidator involvement<\/td>\n<td>Yes, where formal liquidation applies<\/td>\n<td>No liquidator in an ordinary operating company<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Step-by-Step Company Liquidation Process in the UAE<\/h2>\n<p>The precise sequence can vary by authority, but the financial and compliance workflow commonly involves the following stages.<\/p>\n<h3>Step 1: Review the Company&#8217;s Position<\/h3>\n<p>Before closure begins, the company should understand:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Legal structure<\/li>\n \t<li>Licensing authority<\/li>\n \t<li>Outstanding liabilities<\/li>\n \t<li>Employee position<\/li>\n \t<li>Current tax registrations<\/li>\n \t<li>Existing litigation or creditor claims<\/li>\n \t<li>Assets still owned<\/li>\n \t<li>Financial records requiring clean-up<\/li>\n<\/ul>\n<p>This initial review helps determine which closure procedures are applicable.<\/p>\n<h3>Step 2: Approve the Dissolution<\/h3>\n<p>The shareholders, partners, or relevant governing body adopt the appropriate resolution to dissolve and liquidate the company.<\/p>\n<p>The form of the resolution and any notarisation or authority requirements depend on the company&#8217;s jurisdiction and legal structure.<\/p>\n<h3>Step 3: Appoint the Liquidator<\/h3>\n<p>Where formal liquidation applies, an eligible liquidator is appointed.<\/p>\n<p>The appointment and method of liquidation are entered in the relevant commercial register as required under the applicable framework.<\/p>\n<h3>Step 4: Prepare the Opening Liquidation Position<\/h3>\n<p>Financial records are brought up to date.<\/p>\n<p>This commonly includes:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Bank reconciliation<\/li>\n \t<li>Customer balances<\/li>\n \t<li>Supplier balances<\/li>\n \t<li>Asset registers<\/li>\n \t<li>Inventory<\/li>\n \t<li>Payroll liabilities<\/li>\n \t<li>Tax balances<\/li>\n \t<li>Related-party accounts<\/li>\n \t<li>Accruals and provisions<\/li>\n<\/ul>\n<p>The purpose is to establish an accurate starting position.<\/p>\n<h3>Step 5: Notify Creditors<\/h3>\n<p>Where the federal Commercial Companies Law procedure applies, creditors are formally notified and provided with the applicable claim period.<\/p>\n<p>Authority-specific procedures should also be checked.<\/p>\n<h3>Step 6: Collect Receivables and Realise Assets<\/h3>\n<p>Outstanding amounts due to the company are collected where possible.<\/p>\n<p>Assets may need to be sold, transferred or otherwise dealt with in accordance with the liquidator&#8217;s authority and applicable rules.<\/p>\n<h3>Step 7: Settle Liabilities<\/h3>\n<p>Outstanding company obligations are identified and settled according to the appropriate legal priority.<\/p>\n<p>These may include:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Government liabilities<\/li>\n \t<li>Employee entitlements<\/li>\n \t<li>Suppliers<\/li>\n \t<li>Banks<\/li>\n \t<li>Landlords<\/li>\n \t<li>Service providers<\/li>\n \t<li>Other creditors<\/li>\n<\/ul>\n<h3>Step 8: Complete Employee Closure Matters<\/h3>\n<p>Employee-related matters may need to be finalised before the company can fully close.<\/p>\n<p>Depending on the employees and applicable labour framework, this may involve:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Final salary<\/li>\n \t<li>Approved leave balances<\/li>\n \t<li>End-of-service benefits<\/li>\n \t<li>Other contractual entitlements<\/li>\n \t<li>Work permit or employment record closure<\/li>\n<\/ul>\n<p>The exact requirements should be assessed under the applicable employment jurisdiction.<\/p>\n<h3>Step 9: Complete VAT Deregistration<\/h3>\n<p>Where the company is registered for UAE VAT and becomes eligible or required to deregister, the deregistration process is completed through the Federal Tax Authority.<\/p>\n<p>For a business that is no longer making taxable supplies because its licence has been cancelled, the FTA currently lists documents such as:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Cancelled trade licence<\/li>\n \t<li>Liquidation letter<\/li>\n \t<li>Board resolution<\/li>\n \t<li>Latest financial information<\/li>\n \t<li>Relevant employee information<\/li>\n<\/ul>\n<p>The required documents depend on the reason for deregistration.<\/p>\n<p>Where VAT deregistration is mandatory, the FTA states that the application must generally be submitted within <strong>20 business days from the date the deregistration obligation arises<\/strong>.<\/p>\n<p>The final VAT return and any payable tax are due no later than <strong>28 days from the effective date of deregistration<\/strong>.<\/p>\n<h3>Step 10: Complete Corporate Tax Deregistration<\/h3>\n<p>Corporate Tax registration does not disappear automatically when a trade licence is cancelled.<\/p>\n<p>A company ceasing business, dissolving or entering liquidation must address its UAE Corporate Tax deregistration obligations separately.<\/p>\n<p>For liquidation or business closure, the FTA&#8217;s current Corporate Tax deregistration service requires documents including:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Licence cancellation documentation<\/li>\n \t<li>Financial statements up to and including the licence cancellation date<\/li>\n \t<li>Other relevant documentation where applicable<\/li>\n<\/ul>\n<p>The FTA also requires tax obligations to be completed before deregistration can be finalised.<\/p>\n<p>Under the general Corporate Tax deregistration framework, a juridical person is required to submit its deregistration application within the applicable statutory period following cessation, dissolution or liquidation.<\/p>\n<h3>Step 11: Prepare the Final Liquidation Account<\/h3>\n<p>After assets, liabilities and other liquidation matters are concluded, the liquidator prepares the final account. Depending on the company&#8217;s requirements, a <strong>final audit before liquidation UAE<\/strong> completion may also be required by the relevant authority or as part of the supporting audit or certification process.<\/p>\n<h3>Step 12: Complete Commercial Deregistration<\/h3>\n<p>Following approval of the final liquidation account and completion of the relevant authority procedures, the completion of liquidation is recorded with the competent authority and the company is removed from the relevant commercial register. A <strong>company closure audit report UAE<\/strong> may form part of the supporting documentation where required by the company&#8217;s legal form, licensing authority or specific closure process.<\/p>\n<h2>What Documents May Be Needed for Company Liquidation?<\/h2>\n<p>Requirements differ between jurisdictions and licensing authorities, so there is no single universal document list for every UAE company. Companies searching for a <strong>liquidation auditor near me UAE<\/strong> should therefore first confirm which financial statements, liquidator documents, tax records and closure reports are required by their specific authority before starting the process.<\/p>\n<p>However, businesses commonly need some combination of:<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"8\">\n<thead>\n<tr>\n<th>Document<\/th>\n<th>Why It May Be Needed<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Trade licence<\/td>\n<td>Identifies the entity being closed<\/td>\n<\/tr>\n<tr>\n<td>Shareholder or partner resolution<\/td>\n<td>Records the decision to dissolve\/liquidate<\/td>\n<\/tr>\n<tr>\n<td>Liquidator appointment<\/td>\n<td>Establishes formal responsibility for liquidation<\/td>\n<\/tr>\n<tr>\n<td>MOA\/AOA<\/td>\n<td>Helps determine governance and liquidation procedures<\/td>\n<\/tr>\n<tr>\n<td>Trial balance and general ledger<\/td>\n<td>Supports financial review<\/td>\n<\/tr>\n<tr>\n<td>Bank statements<\/td>\n<td>Confirms cash balances and transactions<\/td>\n<\/tr>\n<tr>\n<td>Accounts receivable schedule<\/td>\n<td>Identifies amounts still collectible<\/td>\n<\/tr>\n<tr>\n<td>Accounts payable schedule<\/td>\n<td>Identifies creditor obligations<\/td>\n<\/tr>\n<tr>\n<td>Fixed asset register<\/td>\n<td>Supports asset verification and disposal<\/td>\n<\/tr>\n<tr>\n<td>Employee settlement records<\/td>\n<td>Supports outstanding employee obligations<\/td>\n<\/tr>\n<tr>\n<td>VAT records<\/td>\n<td>Supports final VAT compliance and deregistration<\/td>\n<\/tr>\n<tr>\n<td>Corporate Tax records<\/td>\n<td>Supports final Corporate Tax compliance<\/td>\n<\/tr>\n<tr>\n<td>Financial statements<\/td>\n<td>Required for various closure and tax procedures<\/td>\n<\/tr>\n<tr>\n<td>Creditor documentation<\/td>\n<td>Supports settlement of claims<\/td>\n<\/tr>\n<tr>\n<td>Final liquidation account<\/td>\n<td>Records completion of liquidation<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Additional documentation may be requested by the relevant mainland, free-zone, tax or sector authority.<\/p>\n<h2>What Are the Most Common Problems During Liquidation?<\/h2>\n<h3>Incomplete Accounting Records<\/h3>\n<p>Old unreconciled accounts can make it difficult to determine the company&#8217;s true financial position.<\/p>\n<p>Common examples include:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Missing invoices<\/li>\n \t<li>Unreconciled bank accounts<\/li>\n \t<li>Old receivable balances<\/li>\n \t<li>Unsupported supplier balances<\/li>\n \t<li>Incorrect opening balances<\/li>\n \t<li>Missing fixed asset records<\/li>\n<\/ul>\n<h3>Outstanding Tax Filings<\/h3>\n<p>Cancelling a trade licence does not automatically cancel outstanding tax obligations.<\/p>\n<p>Pending VAT or Corporate Tax returns, taxes or penalties may need to be resolved before tax deregistration can be approved.<\/p>\n<h3>Unresolved Creditor Claims<\/h3>\n<p>A company cannot simply distribute its remaining assets to shareholders while valid company debts remain outstanding.<\/p>\n<p>Under the Commercial Companies Law, company assets are distributed among partners only after company debts have been settled.<\/p>\n<h3>Related-Party Balances<\/h3>\n<p>Loans and balances between the closing business and shareholders, directors or related companies may remain unresolved for years.<\/p>\n<p>They should be analysed before final accounts are prepared.<\/p>\n<h3>Employee Liabilities<\/h3>\n<p>Unpaid employee entitlements can delay closure and create claims after business operations stop.<\/p>\n<h3>Asset Differences<\/h3>\n<p>Physical assets may no longer match the fixed asset register or accounting records.<\/p>\n<p>These differences should be investigated before liquidation accounts are finalised.<\/p>\n<h3>Dormant Companies with Old Records<\/h3>\n<p>A company may have stopped trading several years ago but still have:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Active tax registrations<\/li>\n \t<li>Outstanding returns<\/li>\n \t<li>Bank balances<\/li>\n \t<li>Old creditors<\/li>\n \t<li>Employee records<\/li>\n \t<li>Unclosed licences<\/li>\n<\/ul>\n<p>Dormancy does not automatically mean all closure requirements disappear.<\/p>\n<h2>How Our Liquidation Financial Review Helps<\/h2>\n<p>Our review is designed to identify closure issues before the final filing stage.<\/p>\n<p>We can help:<\/p>\n<ul style=\"margin-bottom: 20px;\">\n \t<li>Review accounting records<\/li>\n \t<li>Reconcile bank accounts<\/li>\n \t<li>Analyse receivables and payables<\/li>\n \t<li>Identify outstanding liabilities<\/li>\n \t<li>Review asset records<\/li>\n \t<li>Reconcile tax-related balances<\/li>\n \t<li>Prepare closing financial statements<\/li>\n \t<li>Support VAT deregistration documentation<\/li>\n \t<li>Support Corporate Tax deregistration documentation<\/li>\n \t<li>Prepare financial schedules for the liquidator<\/li>\n \t<li>Assist with final liquidation accounts<\/li>\n \t<li>Coordinate with auditors, tax advisers and other specialists where required<\/li>\n<\/ul>\n<p>The exact service scope should be defined based on the company and authority involved.<\/p>\n<h2>Mainland vs Free-Zone Company Liquidation<\/h2>\n<p>The underlying financial principles may be similar, but the administrative process can differ. A <strong>free zone company liquidation audit<\/strong> may involve authority-specific procedures relating to the appointment of a liquidator, final financial statements, clearance requirements and company deregistration, depending on the relevant free-zone rules and company type.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"8\">\n<thead>\n<tr>\n<th>Area<\/th>\n<th>Mainland Company<\/th>\n<th>Free-Zone Company<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Primary licensing authority<\/td>\n<td>Relevant emirate&#8217;s competent authority<\/td>\n<td>Relevant free-zone authority<\/td>\n<\/tr>\n<tr>\n<td>Liquidation procedure<\/td>\n<td>Subject to applicable federal and local requirements<\/td>\n<td>Authority-specific procedures may apply<\/td>\n<\/tr>\n<tr>\n<td>Liquidator requirement<\/td>\n<td>Depends on legal form and applicable procedure<\/td>\n<td>Depends on free-zone rules and company type<\/td>\n<\/tr>\n<tr>\n<td>Publication\/creditor process<\/td>\n<td>Federal company-law requirements may apply<\/td>\n<td>May differ according to authority<\/td>\n<\/tr>\n<tr>\n<td>VAT deregistration<\/td>\n<td>FTA requirements apply if VAT registered<\/td>\n<td>FTA requirements apply if VAT registered<\/td>\n<\/tr>\n<tr>\n<td>Corporate Tax deregistration<\/td>\n<td>FTA requirements apply where registered<\/td>\n<td>FTA requirements also apply to relevant free-zone persons<\/td>\n<\/tr>\n<tr>\n<td>Final documents<\/td>\n<td>Competent authority determines requirements<\/td>\n<td>Free-zone authority determines requirements<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Why Work With Eighty20 Business and Financial Solutions?<\/h2>\n<p>A company closure requires accounting, tax, and administrative tasks to work together.<\/p>\n<p>Eighty20 Business and Financial Solutions helps businesses organise the financial side of liquidation through a structured process covering accounting review, closing financial information, tax deregistration support and coordination with the relevant professionals involved in the closure.<\/p>\n<p>Our approach focuses on:<\/p>\n<h3>Clear Financial Position<\/h3>\n<p>We first establish what remains in the company&#8217;s accounts before closure work progresses.<\/p>\n<h3>Structured Documentation<\/h3>\n<p>Financial information is organised so that unresolved items can be identified quickly.<\/p>\n<h3>Tax Closure Readiness<\/h3>\n<p>VAT and Corporate Tax matters are reviewed as separate workstreams rather than assuming licence cancellation automatically closes tax registrations.<\/p>\n<h3>Coordination<\/h3>\n<p>Where liquidators, auditors, legal advisers or other specialists are required, financial records and supporting schedules can be prepared for efficient coordination.<\/p>\n<h3>Clear Reporting<\/h3>\n<p>Owners and management receive a clearer picture of what remains outstanding and what needs to be completed before the business can reach final closure.<\/p>\n<p>In short, the <strong>liquidation audit cost UAE<\/strong> will depend on factors such as the company&#8217;s size, transaction volume, quality of accounting records, outstanding liabilities, number of entities and the specific requirements of the relevant authority, so the scope should be assessed before pricing is confirmed.<\/p>\n<h2>FAQs:<\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bb465bc elementor-widget elementor-widget-accordion\" data-id=\"bb465bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1961\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1961\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Is a liquidation audit required for every UAE company?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1961\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1961\"><p>Not necessarily in the same form.<\/p>\n<p>Formal liquidation requirements apply in relevant cases, but specific audit or liquidator-report requirements can vary by legal form and authority.<\/p>\n<p>Businesses should verify their exact closure requirements before appointing service providers.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1962\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1962\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Does every company need a liquidator in the UAE?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1962\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1962\"><p>The requirement depends on the applicable company and licensing framework.<\/p>\n<p>For companies undergoing formal liquidation under the UAE Commercial Companies Law, liquidation is conducted by one or more appointed liquidators.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1963\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1963\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Can our existing auditor become our liquidator?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1963\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1963\"><p>For companies governed by the UAE Commercial Companies Law, the liquidator cannot be the company&#8217;s current auditor and cannot have audited its accounts during the five years immediately preceding the liquidator&#8217;s appointment.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1964\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1964\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What is a final liquidation account?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1964\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1964\"><p>It is the final financial account prepared by the liquidator showing the outcome of the liquidation process.<\/p>\n<p>Under the Commercial Companies Law, liquidation ends when the final account is approved by the relevant partners, General Assembly, or competent court, as applicable.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1965\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-1965\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Does cancelling my UAE trade licence automatically cancel Corporate Tax registration?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1965\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-1965\"><p>No. Corporate Tax deregistration is handled separately through the FTA. For liquidation or business closure, the FTA currently requires licence cancellation documentation and financial statements up to the relevant cancellation date, among other possible documents.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Is a liquidation audit required for every UAE company?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Not necessarily in the same form.<\\\/p>\\n<p>Formal liquidation requirements apply in relevant cases, but specific audit or liquidator-report requirements can vary by legal form and authority.<\\\/p>\\n<p>Businesses should verify their exact closure requirements before appointing service providers.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Does every company need a liquidator in the UAE?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>The requirement depends on the applicable company and licensing framework.<\\\/p>\\n<p>For companies undergoing formal liquidation under the UAE Commercial Companies Law, liquidation is conducted by one or more appointed liquidators.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Can our existing auditor become our liquidator?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>For companies governed by the UAE Commercial Companies Law, the liquidator cannot be the company&#8217;s current auditor and cannot have audited its accounts during the five years immediately preceding the liquidator&#8217;s appointment.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"What is a final liquidation account?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>It is the final financial account prepared by the liquidator showing the outcome of the liquidation process.<\\\/p>\\n<p>Under the Commercial Companies Law, liquidation ends when the final account is approved by the relevant partners, General Assembly, or competent court, as applicable.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Does cancelling my UAE trade licence automatically cancel Corporate Tax registration?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>No. Corporate Tax deregistration is handled separately through the FTA. For liquidation or business closure, the FTA currently requires licence cancellation documentation and financial statements up to the relevant cancellation date, among other possible documents.<\\\/p>\"}}]}<\/script>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb428c8 elementor-widget elementor-widget-text-editor\" data-id=\"fb428c8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2>Close Your UAE Company with a Clear Financial Position<\/h2>\n<p>Eighty20 Business and Financial Solutions provides liquidation audit services in the UAE, accounting review, closing financial statement support, tax deregistration assistance, and liquidation reporting support to help businesses prepare for an orderly closure.<\/p>\n<p>Planning to close a company in the UAE?<\/p>\n<p>Speak with our team to review your accounting records, tax position, and liquidation requirements before starting the final deregistration process.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1ec067d e-con-full e-flex e-con e-child\" data-id=\"1ec067d\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;],&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_offset&quot;:0,&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t<div class=\"elementor-element elementor-element-5c6e4f8 e-con-full e-flex e-con e-child\" data-id=\"5c6e4f8\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-79320f1 elementor-widget elementor-widget-heading\" data-id=\"79320f1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Get In Touch <\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f667c1 elementor-button-align-stretch elementor-widget elementor-widget-form\" data-id=\"9f667c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Previous&quot;,&quot;button_width&quot;:&quot;100&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"New Form\" aria-label=\"New Form\">\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"744\"\/>\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"9f667c1\"\/>\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"\" \/>\n\n\t\t\t\n\t\t\t<div class=\"elementor-form-fields-wrapper elementor-labels-above\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-name elementor-col-100 elementor-field-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[name]\" id=\"form-field-name\" class=\"elementor-field elementor-size-md  elementor-field-textual\" placeholder=\"Full Name *\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-100 elementor-field-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"email\" name=\"form_fields[email]\" id=\"form-field-email\" class=\"elementor-field elementor-size-md  elementor-field-textual\" placeholder=\"Email Address *\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-tel elementor-field-group elementor-column elementor-field-group-field_c41aeb7 elementor-col-100 elementor-field-required\">\n\t\t\t\t\t\t\t<input size=\"1\" type=\"tel\" name=\"form_fields[field_c41aeb7]\" id=\"form-field-field_c41aeb7\" class=\"elementor-field elementor-size-md  elementor-field-textual\" placeholder=\"Phone Number *\" required=\"required\" pattern=\"[0-9()#&amp;+*-=.]+\" title=\"Only numbers and phone characters (#, -, *, etc) are accepted.\">\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-textarea elementor-field-group elementor-column elementor-field-group-message elementor-col-100\">\n\t\t\t\t\t<textarea class=\"elementor-field-textual elementor-field  elementor-size-md\" name=\"form_fields[message]\" id=\"form-field-message\" rows=\"4\" placeholder=\"Message\"><\/textarea>\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-100 e-form__buttons\">\n\t\t\t\t\t<button class=\"elementor-button elementor-size-sm\" type=\"submit\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">GET STARTED<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/form>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a6c9e8f e-con-full e-flex e-con e-child\" data-id=\"a6c9e8f\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6dcca53 elementor-widget elementor-widget-heading\" data-id=\"6dcca53\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Start and Manage your Business in the Gulf with Eighty20<\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cd3d298 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"cd3d298\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check-circle\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256c0 136.967-111.033 248-248 248S8 392.967 8 256 119.033 8 256 8s248 111.033 248 248zM227.314 387.314l184-184c6.248-6.248 6.248-16.379 0-22.627l-22.627-22.627c-6.248-6.249-16.379-6.249-22.628 0L216 308.118l-70.059-70.059c-6.248-6.248-16.379-6.248-22.628 0l-22.627 22.627c-6.248 6.248-6.248 16.379 0 22.627l104 104c6.249 6.249 16.379 6.249 22.628.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Business Setup<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check-circle\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256c0 136.967-111.033 248-248 248S8 392.967 8 256 119.033 8 256 8s248 111.033 248 248zM227.314 387.314l184-184c6.248-6.248 6.248-16.379 0-22.627l-22.627-22.627c-6.248-6.249-16.379-6.249-22.628 0L216 308.118l-70.059-70.059c-6.248-6.248-16.379-6.248-22.628 0l-22.627 22.627c-6.248 6.248-6.248 16.379 0 22.627l104 104c6.249 6.249 16.379 6.249 22.628.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Accounting and Bookkeeping<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check-circle\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256c0 136.967-111.033 248-248 248S8 392.967 8 256 119.033 8 256 8s248 111.033 248 248zM227.314 387.314l184-184c6.248-6.248 6.248-16.379 0-22.627l-22.627-22.627c-6.248-6.249-16.379-6.249-22.628 0L216 308.118l-70.059-70.059c-6.248-6.248-16.379-6.248-22.628 0l-22.627 22.627c-6.248 6.248-6.248 16.379 0 22.627l104 104c6.249 6.249 16.379 6.249 22.628.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Tax Consultancy<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check-circle\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256c0 136.967-111.033 248-248 248S8 392.967 8 256 119.033 8 256 8s248 111.033 248 248zM227.314 387.314l184-184c6.248-6.248 6.248-16.379 0-22.627l-22.627-22.627c-6.248-6.249-16.379-6.249-22.628 0L216 308.118l-70.059-70.059c-6.248-6.248-16.379-6.248-22.628 0l-22.627 22.627c-6.248 6.248-6.248 16.379 0 22.627l104 104c6.249 6.249 16.379 6.249 22.628.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Audit and Assurance<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2707488 elementor-position-inline-start elementor-view-default elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"2707488\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"25\" height=\"25\" viewBox=\"0 0 25 25\" fill=\"none\"><g clip-path=\"url(#clip0_80_142)\"><path d=\"M12.5 0C5.59644 0 0 5.59644 0 12.5C0 19.4036 5.59644 25 12.5 25C19.4036 25 25 19.4036 25 12.5C25 5.59644 19.4036 0 12.5 0ZM8.00781 4.96521C8.26535 4.95002 8.49815 5.10396 8.67463 5.37719L10.3836 8.61815C10.5635 9.00219 10.4613 9.4134 10.1929 9.68779L9.4101 10.4706C9.36179 10.5368 9.33 10.6113 9.32923 10.6933C9.62942 11.8553 10.54 12.9271 11.3434 13.6642C12.1468 14.4013 13.0103 15.3993 14.1312 15.6357C14.2697 15.6743 14.4394 15.6882 14.5386 15.596L15.448 14.6698C15.7619 14.4319 16.216 14.3166 16.5512 14.5111H16.5665L19.6502 16.3315C20.1029 16.6152 20.1498 17.1637 19.8257 17.4973L17.7017 19.6045C17.3881 19.9262 16.9714 20.0343 16.5665 20.0348C14.7759 19.9811 13.084 19.1023 11.6944 18.1992C9.41333 16.5397 7.32098 14.4815 6.0074 11.9949C5.5036 10.9522 4.91179 9.62181 4.96827 8.45798C4.97331 8.02015 5.09177 7.59121 5.4001 7.309L7.52413 5.18498C7.68958 5.04419 7.85327 4.97433 8.00781 4.96521Z\" fill=\"white\"><\/path><\/g><defs><clipPath id=\"clip0_80_142\"><rect width=\"25\" height=\"25\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tNeed to talk\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\t<a href=\"tel:+971 55 435 1884\" style=\"color:white\"> +971 55 435 1884 <\/a>\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Home Service At Eighty20, we combine expertise with integrity to deliver reliable business and financial solutions. Our team ensures every service and report adds real value to your business growth. Table of Contents Closing a company in the UAE involves much more than cancelling a trade licence. The business may need to settle creditors, employees, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":694,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_joinchat":[],"footnotes":""},"class_list":["post-744","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/pages\/744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/comments?post=744"}],"version-history":[{"count":12,"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/pages\/744\/revisions"}],"predecessor-version":[{"id":2682,"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/pages\/744\/revisions\/2682"}],"up":[{"embeddable":true,"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/pages\/694"}],"wp:attachment":[{"href":"https:\/\/eighty20.me\/uae\/wp-json\/wp\/v2\/media?parent=744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}