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Company Dissolution Services in Saudi Arabia
Company dissolution, also known as liquidation or winding up, is a legal process that formally ends the existence of a company. In Saudi Arabia, this process is governed by strict regulations and requires adherence to legal protocols to ensure the proper closure of business operations.
Our Services
Legal Compliance and Documentation
Preparation and submission of all necessary legal documents. Coordination with relevant government authorities. Ensuring compliance with laws and regulations.
Financial Settlements
Management of financial obligations, including settling debts and liabilities. Preparation of final financial statements. Distribution of remaining assets to shareholders.
Employee Termination and Settlement
Guidance on employee termination procedures in accordance with Saudi labor laws. Calculation and disbursement of final settlements.
Tax Clearance
Assistance in obtaining tax clearance certificates. Settlement of outstanding tax liabilities with the General Authority of Zakat and Tax (GAZT).
Closing Bank Accounts and Licenses
Assistance in closing corporate bank accounts. Cancellation of business licenses and permits.
Final Deregistration
Submission of final deregistration request to the Ministry of Commerce. Removal of the company name from the commercial register.
Why Timely Dissolution Matters
Failing to dissolve a company properly can result in legal complications, financial penalties, and damage to your business reputation. Our expert team ensures that your company dissolution is handled efficiently, reducing risks and providing peace of mind.
The Company Dissolution Process
Initial Consultation
Assessment of the company’s financial status and legal standing. Develop a dissolution plan.
Resolution of the Board
Drafting and passing the necessary board resolution for dissolution.
Notification and Publication
Notifying relevant stakeholders and publishing the dissolution notice as required by law.
Settlements and Liquidation
Execution of financial settlements, payment of debts, and liquidation of assets.
Finalization
Completion of the deregistration process and issuance of dissolution certificates.
Get Started Today
If you are considering dissolving your company in Saudi Arabia, contact J K Management Consultancies today for a free consultation. Let us help you navigate the complexities of company dissolution with ease.
