Closing a business is a complex process that requires careful planning, financial accuracy, and strict adherence to legal requirements. At FACT, we provide comprehensive liquidation and dissolution services, ensuring that your business closure is handled efficiently, professionally, and in full compliance with Maltese regulations. Our experienced team guides you through every step, from preparing final accounts and deregistering with tax authorities to liaising with creditors and settling outstanding liabilities. Whether your company is solvent or insolvent, we offer tailored solutions to minimise disruptions, meet statutory obligations, and ensure a smooth exit strategy.

Types of Liquidation: Members’ and Creditors’ Voluntary Winding Up

Every business closure follows a specific legal framework depending on its financial standing. At FACT, we assist with both Members’ Voluntary Winding Up and Creditors’ Voluntary Winding Up, ensuring that all procedures are handled legally and efficiently.

• Members’ Voluntary Winding Up (MVWU) – If a company is solvent, shareholders can opt for voluntary liquidation by passing a resolution and issuing a declaration of solvency. This ensures that all debts will be settled within a predetermined period. Our team manages the entire process, from preparing the necessary documentation to overseeing financial distributions and statutory filings.
• Creditors’ Voluntary Winding Up (CVWU) – If a company is insolvent and unable to pay its debts, liquidation requires the involvement of creditors. This process includes submitting a financial statement of affairs, holding creditor meetings, and ensuring fair and transparent debt resolution. Our experts handle negotiations, statutory filings, and final settlements to ensure a structured and compliant liquidation.

The Role of the Liquidator

The liquidator plays a vital role in the dissolution process, taking full responsibility for managing the company’s affairs until final closure. At FACT, our appointed liquidators provide expert oversight, ensuring that all obligations are met, assets are distributed correctly, and the company is formally deregistered.

Key responsibilities include:

• Settling outstanding liabilities and ensuring creditors are paid in accordance with legal requirements.
• Managing asset distribution among shareholders, creditors, or other stakeholders.
• Preparing and submitting final liquidation accounts to the relevant regulatory authorities.
• Liaising with tax authorities and financial institutions to ensure a clean and legally compliant closure.
• Notifying stakeholders and completing all statutory documentation required for final deregistration.

With FACT, you can be confident that your liquidation process is managed with professionalism, precision, and compliance, reducing risks and ensuring a hassle-free exit.

Tax and VAT Compliance in Liquidation

Tax and VAT obligations remain a critical component of business closure. Failure to settle outstanding liabilities or complete final tax filings can lead to delays, penalties, or unexpected financial burdens. At FACT, we ensure that all final tax and VAT returns are submitted correctly, de-registrations are processed efficiently, and all outstanding tax liabilities are settled before liquidation is completed.

Our tax compliance services during liquidation include:

• Final VAT return submission and de-registration with the Malta tax authorities.
• Corporate tax clearance to ensure that all financial obligations are met.
• Refund management and reconciliation of any outstanding tax credits or overpayments.
• Comprehensive reporting to support a clean and compliant business closure.

Why Choose FACT for Your Business Liquidation?

Closing a business requires a trusted financial partner who can handle the complexities of liquidation with precision and care. At FACT, we combine expert legal knowledge, financial accuracy, and a client-focused approach to ensure a seamless liquidation process. Our goal is to provide peace of mind, allowing business owners to focus on their next venture while we handle the technicalities of dissolution.

With our proactive support, industry expertise, and commitment to compliance, we make business closure a structured, stress-free process.

Contact us today to learn how we can assist with your liquidation or business dissolution.