Liquidation of General and Limited Partnerships

This service allows partnerships — general partnerships and limited partnerships — to wind up their business and settle all of their rights and debts in order to determine the net balance of their assets.

Who can use this service

The company’s authorized signatory, the partners, or the liquidator.

Prepare the following information and documents before submitting the certificate or extract request through the official service channel.

Requirements

The partners agree to the liquidation and appoint a liquidator. Alternatively, the court appoints the liquidator and determines their fees in partnerships where the partners disagree, on their application or on the application of any of them, or where the company expires by operation of law or by judicial decision.
In partnerships, the liquidator may not assign or dispose of any of the company’s funds, assets or rights except with the prior approval of all the partners or with the permission of the court, as the case may be.
Where there is a minor heir, permission from the Sharia Court for the deregistration of the company must be produced.
The liquidator must provide the Controller with the company’s final account within no more than one year of the date of the liquidation decision.

Documents and supporting information

The application for voluntary liquidation of the company, signed by all partners, together with the liquidator’s acceptance of their appointment as liquidator, using the Partners’ Agreement form for the liquidation of general and limited partnerships.
An inventory of the company’s assets taken by the liquidator immediately on appointment, together with the collection of the company’s rights, the settlement of its debts and the sale of its assets in preparation for their distribution.
The final account, including a statement of the company’s assets and liabilities and the steps and procedures taken by the liquidator in the course of the liquidation, using the Final Account form for the liquidation of general and limited partnerships.

Steps to complete

Review the steps below to understand where each part of the certificate or extract request process is completed.

Submit the company liquidation application

The applicant logs in to Existing Company Services, selects Liquidation and Deregistration, and uploads the documents required to be filed: the application for voluntary liquidation signed by all partners. This must be provided to the Controller and the relevant authorities within three days of the date of the liquidation decision.

Pay the fee for changing the company’s status to “under liquidation”, following review of the application

• CCD reviews the application and the attached documents. If the requirements are met, the applicant receives a message stating the fee due so that payment can be completed.

• The company’s status is changed to “under liquidation” and the announcement is published on the Department’s website.

• The liquidator issues a Company Information Record to present to the relevant authorities.

Attach the clearance certificates, the company’s final account, and any document requested by the Department

The liquidator uploads the clearance certificates, the company’s final account and any document requested by the Department to the portal. If the requirements are met, the liquidator receives a message stating the fee due so that payment can be completed.

Pay the fee for changing the company’s status to “dissolved”

• The liquidator pays the service fee through the electronic payment system.

• The liquidation certificate is issued electronically and made available on the CCD website under “Inquiry and Issuance of a Certificate of Dissolution / Deregistration”.