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UK Ltd with emi bank account

How easy is it for me to shut down my company, in general?

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Omen744

New member
Let's say, there's a company in UAE, UK, Georgia, Bolgaria, Deleware/Wayoming/New Mexico or Hong Kong, LLC/LTD, wherever it is... that no longer surves me.

In general, how difficult would it be to close it? How long would it take? Would it cost me much ? Will I be able to do it on my own or will I have to ask my account or agency to do it, or at least part of work?

Will there be any cafeats, such as "if I forget to fill out some tax-related thing, taxes will continue to get accumulated even after a company will have gotten shut down?"
Will I have to continue filling out and sending tax reports taxes til the end of this or next year, for the last time, after it's been shut down?

In general - difficult? Take long? Costly?
 

Fred

Dubai Expat
Mentor Group Gold
Commercial Service
Hi,

you need to mention us which country you are talking about.

For the UAE you have to pay one time for the cancellation of the company a small fee - that's it as there is in general not much more bureaucracy in the UAE. Basically it's about paying for the Business Trade License renewal every year.

I assume for countries inside Europe like you mentioned Bulgaria - it's much more complex.
 
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