Company liquidation in the UAE is a formal legal process to close a business, typically enforced by the courts when a company cannot meet its financial obligations, including outstanding debts. The procedure involves selling the company’s assets to settle liabilities, after which any remaining funds are distributed among shareholders. Liquidation can be voluntary, initiated by the company’s shareholders, or mandatory, ordered by the court. This structured process ensures an orderly closure while protecting creditors’ and stakeholders’ interests.

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