EXPERT SERVICES FOR WINDING-UP
& DE-REGISTRATING A COMPANY

QUICK,
STREAMLINED
& COMPLETE
COMPANY
DE-REGISTRATION

SAUDI ARABIA COMPANY LIQUIDATION & DE-REGISTRATION SERVICES

Are you a business owner, company shareholder or a director of a company and considering winding up a Saudi business? Changes to the business environment and market conditions can result in your decision to wind up and close your Saudi company. This will require expert assistance to complete the process.

Our company liquidation experts will complete the entire liquidation, winding up and de-registration formalities. We ensure a hassle free, quick, straightforward and cost-effective process that will formally bring the company to an end and provide the official closure documentation to the affairs of the company.

We have a proven track record as the region’s leading consultants providing liquidation services. We work with companies of all sizes, in all sectors and all entity types throughout Riyadh, Jeddah, Madina, Khubbara, and we can assist to complete the liquidation process for a Saudi company.

OUR LIQUIDATION SERVICES

APPOINTMENT OF LIQUIDATOR

Providing suitable liquidator options.
Prepare liquidator appointment letter.
Liaise and oversee the on-going accounting requirements.

COMPANY DOCUMENTS

Analyse and prepare shareholder resolution and Power of Attorney (POA).
File and complete de-registration applications.
Publish newspaper advert to close company.

AUTHORITY CLEARANCE

Draft No Objection Certificate (NOC) and all authority clearance letters.
Cancel company labour, Immigration and residency visas.
Represent the company and liaise with third parties and attend meetings.

FINAL SUBMISSION

Provide completed liquidation documentation.
Administer completed de-registration letters.
Receive and issue certificate of deregistration.

KSA COMPANY LIQUIDATION FAQS

What is company liquidation or de-registration?

Company liquidation is also referred to as winding up of a company. This is the process where the operation or the existence of a company is no longer required. Liquidation is to complete the company closure and the cancelation of the Saudi company.

Reach out to our team for more details on Saudi company liquidation, by email info@creationbc.com or call KSA +966 54 995 2676 UAE +971 4 878 6240.

Must I formally liquidate my Saudi company?

Should you decide not to renew your company commercial registration and want to close the company, you must follow the formal company closure process regulated by your licensing authority. Failure to renew your Saudi company commercial registration and not formally liquidate the company will result in the owner(s), General Manager and shareholders generating fines, breaching the rules and regulations of the governing body and potential Immigration issues.

Our team of experts are available to answer any questions you may have about Saudi company liquidation. Contact us by email info@creationbc.com or call KSA +966 54 995 2676 UAE +971 4 878 6240.

Who can help with Saudi Arabia company liquidation?

It is recommended to seek professional expert services. This will greatly reduce time, costs and streamline the liquidation process. Creation Business Consultants experts will guide you towards the right solution and provide a quick affordable liquidation plan to handle and complete all the company closure formalities suited towards you, your partners and shareholder needs.

What is the initial list of documents required to close a company?

To begin with the following list of documents are required:

Company commercial registration copy (most recent).
Memorandum & Articles of Association (include copies of any amendments/changes).
Power of Attorney.
Shareholders Resolution (detailing the meeting to dissolve the company).
Shareholders passport (some authorities will require a most recent certified copy).
Saudi ID copy (if applicable).
De-registration application (Creation will complete this process with the clearance documents).

To learn more about our services and how we can assist with setting up a company in Saudi Arabia, email info@creationbc.com or call KSA +966 54 995 2676 UAE +971 4 878 6240.

What is the role of a company liquidator?

Company liquidators have several tasks and are responsible to service and oversee any third-party processes from start to completion upon engagement. Main duties include but are not limited to:

Allocation of resources obtained and the surplus of funds to the related parties;
Decide if there are any outstanding claims against the company and resolve claims and;
Provide a report declaring assets of the business and settlement of liabilities

For more information contact info@creationbc.com or call KSA +966 54 995 2676 UAE +971 4 878 6240 to discuss your Saudi company liquidation plans.

HOW MUCH DOES IT COST TO LIQUIDATE A SAUDI ARABIAN COMPANY?

The fees associated to complete the company closure will vary depending on the company and its structure. Contact a member of our team for your free consultation, contact info@creationbc.com or call KSA +966 54 995 2676 UAE +971 4 878 6240 to discuss your Saudi company formation plans.

HOW LONG DOES IT TAKE TO LIQUIDATE AND CLOSE A SAUDI COMPANY?

To complete and liquidate a company in Saudi Arabia this will vary according to where the company is incorporated, the type of structure and business activities. For more information contact info@creationbc.com or call KSA +966 54 995 2676 UAE +971 4 878 6240 to discuss your Saudi company liquidation plans.