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    Liquidation Procedures

    Uploaded by

    Jonah Mae Moneva
    The document outlines the 6 step process for closing a business in the Dubai International Financial Centre (DIFC): 1. The client submits a service request through the DIFC Portal selecting an application for winding up and including required documents and signatures. 2. The client selects a liquidator from a dropdown and submits the request. 3. Upon verification, the company status changes to pending dissolution and the liquidator accesses the portal to publish advertisement adds over 15 days, hold a final general meeting, and prepare a liquidation report.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Liquidation Procedures

    Uploaded by

    Jonah Mae Moneva
    27 views2 pages
    The document outlines the 6 step process for closing a business in the Dubai International Financial Centre (DIFC): 1. The client submits a service request through the DIFC Portal selecting an application for winding up and including required documents and signatures. 2. The client selects a liquidator from a dropdown and submits the request. 3. Upon verification, the company status changes to pending dissolution and the liquidator accesses the portal to publish advertisement adds over 15 days, hold a final general meeting, and prepare a liquidation report.

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    Liquidation procedures

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    The document outlines the 6 step process for closing a business in the Dubai International Financial Centre (DIFC): 1. The client submits a service request through the DIFC Portal selecting an application for winding up and including required documents and signatures. 2. The client selects a liquidator from a dropdown and submits the request. 3. Upon verification, the company status changes to pending dissolution and the liquidator accesses the portal to publish advertisement adds over 15 days, hold a final general meeting, and prepare a liquidation report.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views2 pages

    Liquidation Procedures

    Uploaded by

    Jonah Mae Moneva
    The document outlines the 6 step process for closing a business in the Dubai International Financial Centre (DIFC): 1. The client submits a service request through the DIFC Portal selecting an application for winding up and including required documents and signatures. 2. The client selects a liquidator from a dropdown and submits the request. 3. Upon verification, the company status changes to pending dissolution and the liquidator accesses the portal to publish advertisement adds over 15 days, hold a final general meeting, and prepare a liquidation report.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    DIFC LIQUIDATION PROCEDURE

    Please note that the procedure the process for closing your business in DIFC is outlined below:

    1. Raise a Service Request via the DIFC Portal available in the following link
    https://portal.difc.ae/signin and select application for winding up (Needs to be done by
    Client).

    2. Fill in the required fields and upload the required documents (Needs to be done by
    Client).

    3. Click on generated templates for Shareholders resolution and Directors declaration


    available in the service request get it signed by the relevant individual and re-upload
    (Needs to be done by Client).

    4. Select the Liquidator from the drop down and submit the request in the Portal (Needs to
    be done by Client).

    5. Upon our verification, the status of the company will be changed to pending dissolution
    and the Liquidator receives the login details to access the Portal. Liquidator can
    thereafter proceed with completion of the rest of the sections as below:

    • Insert the dates of publishing adds for the 3 consecutive days and upload the same
    in the Portal.
    • After 15 days of publication of liquidation. Publish another advertisement for final
    general meeting.
    • Prepare liquidation report.
    • After 30 days of final general meeting publication, issue a letter of FGM.

    6. Login to DIFC portal https://portal.difc.ae/signin


    • Go to pending action tab and upload documents

    • Proceed to submit original documents to the Registries Services Office as listed


    below

    a. Commercial License
    b. Certificate of Incorporation
    c. Publishing news adds for the 3 consecutive dates
    d. Publishing news adds for final general meeting
    e. Original Resolution
    f. Original Declaration
    g. Original Liquidators report.

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