Do you want to liquidate or close a company in Qatar? TrustLink has a team of experts who can assist you with liquidating a company in Qatar. Call us at +974 70303534/66332969 or email us at [email protected] for details.
What is Company Liquidation?
Company Liquidation is the process by which a company (or part of a company) is closed; the assets or properties of the company are redistributed. It is also sometimes referred to as winding-up or dissolution even though dissolution is technically the last stage of liquidation.
There are 2 types of liquidation process.
- Liquidation by agreements or voluntary one, sometimes referred to as a ‘shareholders’ liquidation’ is when the shareholders of the companies decide to cease the operation due to no profitable business or due to accomplishment of delivering its projects, or achieving the purposes for which it was created for.
- Compulsory liquidation is when the liquidation of the company has been decided by the court due to neglect or non-fulfillment of obligations, sometimes referred to as a ‘creditors’ liquidation’.
Our professional team of experts at TrustLink can help you with the following:
- Sending the notice of the liquidator’s appointment to the Registrar (company control section).
- Termination of Board’s power from MEC (Ministry of Economy and Commerce).
- Announce the liquidation in two local newspapers as required by the said law.
- Collect all the assets and pay all the creditors including the cease of employees’ contracts and pay their end of services.
- Cancellation of the computer card at the Ministry of Interior (Immigration Department).
- Cancellation of the company record at the Ministry of Labor.
- Processing Tax clearance in the Ministry of Finance.
- Delete the enrollment of the company.
For any assistance, contact our experts,Contact Us
Starting a Business in Qatar as a foreigner Are you a foreigner in Qatar? And are you planning to start a business? CONTACT PHONE +97466332969/70303534 EMAIL [email protected] Starting a business in Qatar as a foreigner is a complex and costly task. But don’t worry......
Commercial agency in Qatar Qatar is acquiring a prominent role in the Global market day by day, establishing itself as one of the safest business environments in the world. Ever since the globalization has enormously spanned, consumerism and import business in Qatar has become promising.......
How to register a special purpose company in Qatar? The astonishing progress in infrastructure and economic development of Qatar has grabbed global attention within a short span of time. Investors thrive to Invest in one of the fastest growing economy in the world. The considerable......
How to incorporate a company in Qatar? If you are searching for “How to incorporate a company in Qatar” we are a one stop solution for all your needs. To know more CONTACT PHONE +97466332969/70303534 EMAIL [email protected] The backup of oil wealth and the......
Planning to start a business in Qatar? Yes, you have made the right decision! Qatar having the highest GDP in the world is the perfect place to launch your business. To know how to register a company in Qatar, contact +97466332969/70303534 or email [email protected] Qatar......