Dissolution
09:56 - 10/12/2025
Dissolution
Dissolution of an enterprise is the legal procedure for terminating business operations, and it may only be carried out when the enterprise has fully settled all financial obligations. The key to the dissolution process is resolving the rights and entitlements of employees, creditors, and tax obligations. The enterprise must complete payment of salaries, allowances, and insurance for its personnel in accordance with regulations; simultaneously, it must reconcile, verify, and settle all outstanding debts owed to partners, credit institutions, and other financial obligations. In parallel, the enterprise must conduct tax finalization procedures, pay any outstanding taxes, and close its tax identification number as required by the tax authority.
If the enterprise is unable to fulfill all financial obligations or cannot prove its solvency, it will not be permitted to dissolve and may have to proceed with bankruptcy procedures. Therefore, the enterprise should carefully review its debt records, prepare sufficient cash flow, and comply with the legal procedures to ensure that the dissolution is approved.



