Questions & Answers
How can I close a company I have RAKEZ without the presence of my partner?
I am a 50% shareholder in a company at RAKEZ, and the 50% shareholder is my partner who has left the country and will not return. I cannot run the company alone.
Next month the company is due for renewal, the expenses of which I cannot afford. I want to close the company.
RAKEZ people say file a case and bring court papers to close the company. Where can I go, what should I do, can I get help?
I do a small job in the shop.
Dear Client,
Thanks for your question, I hope you are doing well. I will definitely assist you with this matter.
To close your RAKEZ company with a departed partner, you should first formally resign your partner, clear all company obligations, and contact RAKEZ to inform them of your intention.
If court papers are required for closure, consult with us. Pay any outstanding fees and follow the guidance provided by RAKEZ and us throughout the process.
For any further legal assistance, you can WhatsApp us. We have an extensive team of knowledgeable and experienced lawyers to provide the legal assistance you need.
We will definitely be happy to help you.
Thanks & Regards
ABDUL WAHIED
You have to file a case with all the documents and proofs.
If you are going to hire a lawyer to act on your behalf, it will cost approximately from 20k to 25k.
Yes, you can file a lawsuit and liquidate the company, that prove the realized loses exceed three quarter of the capital stock’s value, and that the other partner didn’t pay his dues to the company.
And it’s advisable before filling the lawsuit, to send a notice of the company general assembly meeting which you have discussed the dissolution and liquidation of the company.
