Simply put, company liquidation is the cancellation of registration for your business as you plan to shut it down. Just as important as business set up, company liquidation is an important process for most companies in the UAE follows, be it mainland, limited liability ones or offshore. Through the process, the business terms are discussed and come to in terms with during an unfortunate financial downfall in the company. In the absence of a proper liquidator, the procedures are incredibly daunting and stressful. Company liquidation process in the UAE involves ceasing of currently active business operations and activities since you are unable to manage most of the existing debts.