- License Amendment
- Address Amendment
- Shareholder or Manager change
- Share Increase or decrease.
As a provider of liquidation services, our company has a projected role as a liquidator that includes several key tasks. These tasks include drafting the board resolution, publishing advertisements in English and Arabic newspapers, settling with employees, settling with debtors/suppliers, canceling visas, closing bank accounts, obtaining NOCs from DEWA and local telecom companies, canceling registered tenancy agreements, and de-registering with the FTA.
One of the main motives behind recent corporate restructuring matters that we have been involved in is the desire to reduce operating costs. This has often involved downsizing corporate groups while adding activities to licenses of the reduced group entities to continue conducting business as usual.
Another key motive has been to reorganize group entities in the region to fall under a subsidiary in the UAE, which can avail of tax-free status and benefit from repatriation of dividends to the foreign parent company. This is possible under the avoidance of double taxation treaty between the UAE and the country where the foreign parent company is domiciled.
Consolidating group companies set up in the region under a holding structure set up in an offshore jurisdiction is another common motive for corporate restructuring. This can help to achieve uniformity in corporate policy, improve administration, and manage exit strategies.
Finally, reducing intermediary costs is another common motive for corporate restructuring. This can involve incorporating new entities or adding relevant activities to existing corporate licenses in order to conduct distribution through self-owned retail outlets or subsidiaries.
In conclusion, our company provides a range of liquidation services that are designed to help businesses navigate the complex process of winding down their operations in the UAE. Our team of experts is well-versed in the legal and regulatory requirements involved in this process, and we are committed to providing our clients with the highest level of service and support. Whether you are looking to reduce costs, reorganize your group entities, or consolidate your operations, we can help you achieve your goals and ensure that your liquidation is handled in a professional and efficient manner.