Expert Assistance for Smooth Closure
At Corprights, we provide company closure services in Saudi Arabia, ensuring a smooth and compliant windup of your business. Our team of experts CA/Lawyers will guide you through every step of the dissolution process, from settling outstanding liabilities to completing necessary government paperwork. We handle all legal and regulatory requirements, allowing you to focus on other priorities while ensuring a seamless and efficient dissolution process.
Test 1
The company’s board meets to decide whether to close the business.
The company submits a request to the Ministry of Commerce and Investment (MCI) to start the liquidation process.
The company’s decision to dissolve is published in the Official Gazette, letting the public know about the closure.
The shareholders or partners choose someone (a liquidator) to manage the closing process. If they don't, a court can appoint one.
Creditors (those the company owes money to) are informed and given time to claim what they are owed.
Test 1
The company’s board meets to decide whether to close the business.
The company submits a request to the Ministry of Commerce and Investment (MCI) to start the liquidation process.
The company’s decision to dissolve is published in the Official Gazette, letting the public know about the closure.
The shareholders or partners choose someone (a liquidator) to manage the closing process. If they don't, a court can appoint one.
Creditors (those the company owes money to) are informed and given time to claim what they are owed.
Test 2
The company’s bank accounts are closed as part of the liquidation.
The company files its final tax returns and removes itself from tax records in Saudi Arabia.
Employee visas are canceled, and any unpaid salaries or dues are cleared.
The liquidator sells the company’s assets and uses the money to pay off debts. They also take care of any legal or tax issues that come up.
The liquidator writes a final report on how the liquidation process was carried out and how
Once everything is settled, the Ministry of Commerce and Investment (MCI) gives a certificate to officially close the company.
Your Step-by-Step Guide
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Corprights wants to be the first choice for any business planning to expand or restructure globally.
We provide our clients with a complete accounting and bookkeeping services package so that their business goes on worry-free.
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