Liquidation Service

  • Liquidation refers to the process by which a company (or part of a company) ceases operations. During this process, the assets and properties of the company are redistributed. We refer to liquidation sometimes as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation. We have two types of liquidations process:

    1. Liquidation done voluntarily or through an agreement, sometimes referred to as a ‘shareholders' liquidation’ wherein the shareholders of the companies decide to cease operations due to low profits, completion of projects, or due to achieving the purposes for which it was created for.
    2. Compulsory liquidation is when the liquidation of the company has been decided by the court due to neglect or non-fulfilment of obligations, sometimes referred to as a ‘creditors' liquidation’. Agents Group team will help you to do the following,
      • Cancel the computer card within the immigration department.
      • Cancel the company record with the labor department.
      • Process Tax clearance with Ministry of Finance.
      • Delete the enrolment of the company.

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