During the course of a business, there might come a time where you will consider dissolving your company for various reasons such as retirement, to re-organise a group of companies, internal conflicts, lack of profitability or even bankruptcy. If you are currently thinking of striking off your Malta company from the Malta Business Registry, Fairwinds Management Limited will be able to handle the dissolution process.
Below is the process that needs to be handled in terms of company liquidation:
- Deregister from VAT
- Deactivate PE number
- Cancel any business licenses
- Pay creditors
- Fulfil any outstanding social security obligations
- Ensure that all tax returns are filed
- Close off bank accounts
- Finalise any pending audits
- Cancel company’s entry in the business registry
By conducting such processes, once a company is dissolved, it will no longer be able to trade or be involved in any type of business activity. Furthermore, the business name will become available again and can be used by a new business owner. As appointed liquidators of companies facing dissolution, the team at Fairwinds Management Limited works hand in hand with the accounting team to ensure that the company’s assets are distributed fairly for the benefit of the creditors.