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Under Maltese law, a limited liability company can never be automatically “struck off” the Register by the Registrar of Companies.

CSB Group provides clients with timely, cost-effective and confidential advice on liquidation and company dissolution procedures.

The assets of the company are realised and the proceeds are distributed.

The company’s liabilities must be paid first, any remaining surplus will then be distributed to the shareholders.

This may be the best option if you have no other option when business closure is imminent, such as a merger or acquiring emergency capital.

The procedure also has the benefit of not being a formal insolvency procedure and is often called a cheap liquidation but is not a formal liquidation under The Insolvency Act 1986.

The "I can't afford a liquidation" or "Cheap Liquidation" process can be used if your company is insolvent and has minimal assets.

A Voluntary Liquidation is decided upon by the shareholders who, at the same time, appoint a liquidator.

If for reason, a liquidator is not appointed by the general meeting, the directors shall apply to the Court for the appointment of a liquidator.

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