{"id":979,"date":"2023-11-30T15:40:31","date_gmt":"2023-11-30T08:40:31","guid":{"rendered":"https:\/\/plizz.co\/?page_id=979"},"modified":"2026-02-26T06:45:57","modified_gmt":"2026-02-25T23:45:57","slug":"company-liquidation-and-dissolution","status":"publish","type":"page","link":"https:\/\/plizz.co\/th\/our-services\/company-liquidation-and-dissolution\/","title":{"rendered":"\u0e01\u0e32\u0e23\u0e40\u0e25\u0e34\u0e01\u0e1a\u0e23\u0e34\u0e29\u0e31\u0e17\u0e41\u0e25\u0e30\u0e0a\u0e33\u0e23\u0e30\u0e1a\u0e31\u0e0d\u0e0a\u0e35"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"979\" class=\"elementor elementor-979\" data-elementor-post-type=\"page\">\n\t\t\t\t<div data-dce-background-image-url=\"https:\/\/plizz.co\/wp-content\/uploads\/2023\/11\/bg01.19d60d8.webp\" class=\"elementor-element elementor-element-a5224ab e-flex e-con-boxed e-con e-parent\" data-id=\"a5224ab\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;shape_divider_bottom&quot;:&quot;mountains&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-shape elementor-shape-bottom\" aria-hidden=\"true\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n\t<path class=\"elementor-shape-fill\" opacity=\"0.33\" d=\"M473,67.3c-203.9,88.3-263.1-34-320.3,0C66,119.1,0,59.7,0,59.7V0h1000v59.7 c0,0-62.1,26.1-94.9,29.3c-32.8,3.3-62.8-12.3-75.8-22.1C806,49.6,745.3,8.7,694.9,4.7S492.4,59,473,67.3z\"\/>\n\t<path class=\"elementor-shape-fill\" opacity=\"0.66\" d=\"M734,67.3c-45.5,0-77.2-23.2-129.1-39.1c-28.6-8.7-150.3-10.1-254,39.1 s-91.7-34.4-149.2,0C115.7,118.3,0,39.8,0,39.8V0h1000v36.5c0,0-28.2-18.5-92.1-18.5C810.2,18.1,775.7,67.3,734,67.3z\"\/>\n\t<path class=\"elementor-shape-fill\" d=\"M766.1,28.9c-200-57.5-266,65.5-395.1,19.5C242,1.8,242,5.4,184.8,20.6C128,35.8,132.3,44.9,89.9,52.5C28.6,63.7,0,0,0,0 h1000c0,0-9.9,40.9-83.6,48.1S829.6,47,766.1,28.9z\"\/>\n<\/svg>\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-760e9ca5 e-con-full e-flex e-con e-child\" data-id=\"760e9ca5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-573b5d7 elementor-widget elementor-widget-image\" data-id=\"573b5d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"885\" height=\"557\" src=\"https:\/\/plizz.co\/wp-content\/uploads\/2023\/11\/dissolution-1.svg\" class=\"attachment-full size-full wp-image-1014\" alt=\"dissolution\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-596f1265 e-con-full e-flex e-con e-child\" data-id=\"596f1265\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-426cd14a animated-fast elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"426cd14a\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Company liquidation and dissolution<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-704b39ac elementor-widget elementor-widget-text-editor\" data-id=\"704b39ac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You need to close down your company and need assistance in the dissolution process, yet avoiding a lengthy and costly procedure?<\/p><p>Plizz will assist you throughout all legal steps that should be followed, and advise how to minimize the liabilities of your company and its directors.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d1b5404 elementor-widget__width-auto elementor-widget elementor-widget-button\" data-id=\"1d1b5404\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#Our-Services\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn more<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-673d879 e-flex e-con-boxed e-con e-parent\" data-id=\"673d879\" data-element_type=\"container\" data-e-type=\"container\" id=\"Our-Services\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4f9f0eb elementor-widget elementor-widget-heading\" data-id=\"4f9f0eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How long does it take to dissolve a limited company?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a9bf9e5 elementor-widget elementor-widget-text-editor\" data-id=\"a9bf9e5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The duration of the dissolution and liquidation process will primarily depend on the status of the company accounts as all assets and liabilities should be cleared from the balance sheet.<\/p><p>The final approval will in essence come from the Revenue Department who will certify that no contingent liability subsists in the company books.<\/p><p>The process can take as little as 60 to 90 days, up to several years. Hereunder is the timeline to expect if the company books are in order:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c9c23a3 elementor-widget elementor-widget-image\" data-id=\"c9c23a3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/plizz.co\/wp-content\/uploads\/2023\/11\/dissolve-duration.png\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"dissolve-duration\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTAxNSwidXJsIjoiaHR0cHM6XC9cL3BsaXp6LmNvXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIzXC8xMVwvZGlzc29sdmUtZHVyYXRpb24ucG5nIn0%3D\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1918\" height=\"214\" src=\"https:\/\/plizz.co\/wp-content\/uploads\/2023\/11\/dissolve-duration.png\" class=\"attachment-full size-full wp-image-1015\" alt=\"dissolve duration\" srcset=\"https:\/\/plizz.co\/wp-content\/uploads\/2023\/11\/dissolve-duration.png 1918w, https:\/\/plizz.co\/wp-content\/uploads\/2023\/11\/dissolve-duration-300x33.png 300w, https:\/\/plizz.co\/wp-content\/uploads\/2023\/11\/dissolve-duration-1024x114.png 1024w, https:\/\/plizz.co\/wp-content\/uploads\/2023\/11\/dissolve-duration-768x86.png 768w, https:\/\/plizz.co\/wp-content\/uploads\/2023\/11\/dissolve-duration-1536x171.png 1536w\" sizes=\"(max-width: 1918px) 100vw, 1918px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a0e0502 elementor-widget elementor-widget-heading\" data-id=\"a0e0502\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the steps to dissolve a limited company?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d981e4 elementor-widget elementor-widget-heading\" data-id=\"9d981e4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step 1: Registration of the company dissolution<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3720a42 elementor-widget elementor-widget-text-editor\" data-id=\"3720a42\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Publication in local newspapers of the invitation sent to shareholders to attend an Extraordinary Meeting of Shareholders (EGMoS) which shall be held at least 14 days after the publication date.<\/li><li>The EGMoS will pass a special resolution approving the dissolution of the company, with a minimum quorum of 75% of shareholders.<\/li><li>Registration of the dissolution and appointment of the liquidator(s) with the Department of Business Development (DBD) within 14 days after the EGMoS.<\/li><li>Publication in local newspapers of the decision to dissolve the company and notification sent to creditors within 14 days after the EGMoS.<\/li><li>Submit the VAT registration certificate for cancellation with the Revenue Department, by notifying the Director General within 15 days after the registration of the dissolution with the DBD.<\/li><li>Notify the Social Security of the company dissolution by the 15th of the month following the registration of the dissolution with the DBD.<\/li><li>The liquidator(s) reports the liquidation progress to the DBD within 3 months after the registration of the dissolution with the DBD, and thereafter at successive 3 months intervals if the Financial Statements could not be completed.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a7e5be elementor-widget elementor-widget-heading\" data-id=\"7a7e5be\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step 2: Registration of the company liquidation<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76c2acb elementor-widget elementor-widget-text-editor\" data-id=\"76c2acb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Publication in local newspapers of the invitation sent to shareholders to attend a Meeting of Shareholders which shall be held at least 7 days after the publication date.<\/li><li>The meeting of shareholders will approve financial statements.<\/li><li>Registration of the liquidation with the DBD within 14 days after the shareholders meeting.<\/li><li>Filing of the final corporate income tax return within 150 days after the registration of the dissolution with the DBD.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-dce-background-image-url=\"https:\/\/plizz.co\/wp-content\/uploads\/2023\/11\/bg01.19d60d8.webp\" data-dce-background-overlay-image-url=\"https:\/\/plizz.co\/wp-content\/uploads\/2023\/11\/question.svg\" class=\"elementor-element elementor-element-8c5ab22 e-flex e-con-boxed e-con e-parent\" data-id=\"8c5ab22\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5af425a elementor-widget__width-initial elementor-widget elementor-widget-image-box\" data-id=\"5af425a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h2 class=\"elementor-image-box-title\">Have a question? 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