Vienna · AustriaWONE Global Capability Partner · Austria
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Cases · Business & ownership · Corporate ownership & governance
Close an overseas entity
How do we close our company abroad properly?
WONE Global runs the liquidation or deregistration in the country, including final accounts, tax clearance, employee and contract matters and the release of the directors.
Countries in the typical case United States · Mexico
The situation
What is happening
What is at stake
A company abandoned rather than closed keeps generating fines, filings and director liability.
A scenario
GroupCorporation · from United States · in Mexico
It wants to close its dormant Mexican subsidiary.
Where it ends Closed, not abandoned.
A representative scenario of the work WONE Global coordinates, not a specific client’s matter.
Also asked as “Liquidating a foreign subsidiary”“Dormant company closure abroad”
The solution
How WONE Global handles it
WONE Global runs the liquidation or deregistration in the country, including final accounts, tax clearance, employee and contract matters and the release of the directors.
Usually led by Setting up and running a company, with Tax and structuring, Accounting and annual filings and Employment, payroll and immigration.
Step by step, in the scenario
- Week 1WONE Global confirms the steps.
- Months 1-3Final accounts and tax clearance.
- Months 4-6Deregistration.
- ThenDirectors released.
Timings are typical. They depend on the countries, the authorities involved and how quickly documents are available.
Decisions
The decisions involved
- 01Voluntary liquidation, strike-off or dormancy
- 02Liabilities and filings to clear first
- 03Employees, contracts and assets
Outcomes
What you receive
- A closure plan and timeline
- Final accounts and tax clearances
- Entity formally closed
This is a general guide. Your WONE Global professional confirms the work, timing and fees for your markets before anything starts.
Services
The services involved
One area of expertise usually leads; the others move with it. WONE Global keeps them connected across every country involved.
Who handles it
Setting up and running a company, market by market
The status of the lead service in the markets that matter for this case. A named WONE Global Partner acts under their own licence; where none is in place yet, WONE Global confirms availability before anything else.
- Mexicoin the typical case On request Availability confirmed before any work begins Bring a requirement →
- United Statesin the typical case On request Availability confirmed before any work begins Bring a requirement →
- Austria WONE Global Partner Mag. Mario Haider · Tax Consultant Brief this Partner →
- Rwanda WONE Global Partner Lydie N. Murorunkwere · Founder & Managing Director Brief this Partner →
- United Arab Emirates WONE Global Partner Dr Hajra Nazir · Head Corporate Advisory / Consultancy Division Brief this Partner →
- India On request Availability confirmed before any work begins Bring a requirement →
- Saudi Arabia On request Availability confirmed before any work begins Bring a requirement →
- Singapore On request Availability confirmed before any work begins Bring a requirement →
- United Kingdom On request Availability confirmed before any work begins Bring a requirement →
Other markets: WONE Global covers 100 countries. Name yours in the requirement →
Vienna · Austria
Kigali · RwandaWONE Global Capability Partner · Rwanda
Lydie N. Murorunkwere
Lydie is the Founder and Managing Director of ML Corporate Services Ltd and the first Chairperson of the Rwanda Trust Companies Association (RTCA).
Dubai · United Arab EmiratesWONE Global Capability Partner · United Arab Emirates
Dr Hajra Nazir
Dr Hajra Nazir is qualified Professional Doctorate (PD) in Business Advisory & Compliance with prestigious organizations in the field of Corporate Advisory, Business Administration, Law, Commerce, Applied Economics etc.…
Vienna · AustriaWONE Global Capability Partner · Austria
Dr. Rosam Karl J.
Douala · CameroonWONE Global Capability Partner · Cameroon
Edmond Christian AKOA MBALLA
Bogotá · ColombiaWONE Global Capability Partner · Colombia
Katherin Diaz Velilla
Complete profile
- Tax and structuringNamed lead
- Licences, permits and regulatorsNamed lead
- Buying, selling and investingNamed lead
International tax attorney and strategic advisor with 12+ years across Colombia's DIAN, Ministry of Finance, Senate, Presidency, and EY. Co-founder of V&V Asociados. Specializes in cross-border tax structuring, transfer…
Discover
Where this case connects
The markets, corridors and guides behind this case, and the questions to put to Ask WONE below. Every link opens a page that links back here.
Markets in the typical case
Corridors
Services and subject
Worked examples
How it goes in practice
Researched corridor journeys, and representative scenarios on the same subject. None is a specific client’s matter.
- United States ↔ Mexico · researched journeyA US manufacturer sets up a nearshore plant in MexicoRead the journey →
- India ↔ United States · researched journeyAn Indian software company sets up a US subsidiary to sell and later raise capitalRead the journey →
- Corporation · from Canada · in Hong KongIt finds that its Hong Kong subsidiary has not filed annual returns for two years. Fines are building, and the bank has started asking questions.How WONE Global handles it →
Corporate ownership & governance
Related cases
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WONE Global Intelligence
Ask about doing business across borders
Ask in your own words. Answers come from WONE Global's checked records, with every source shown, and end with the named Partner who can act. Go deeper on any point, or build a decision file.
UNBOUNDED™ · Global Business Circuit™
Work through United States ↔ Mexico with the leaders doing it.
Bring a live question about this corridor to a small online session of senior business leaders, run by UNBOUNDED™, the ecosystem WONE Global belongs to.
The Global Business Circuit™
One corridor, 60 minutes online, 12 senior business leaders. The leaders' own questions set the agenda; market and professional perspectives join only where the questions call for them.
Sessions involving these markets
27 OctTueChina ↔ Latin America09:30 UTC · 15:00 IST · 60 minutes online12 of 12 placesTake a place 3 NovTueUS ↔ Brazil14:00 UTC · 19:30 IST · 60 minutes online12 of 12 placesTake a place 11 NovWedUS ↔ GCC14:00 UTC · 19:30 IST · 60 minutes online12 of 12 placesTake a place
No session on this exact corridor is scheduled in the coming weeks. The calendar rolls forward continuously.
WONE Global is one of the six institutions of the UNBOUNDED™ Global Ecosystem. Links open unboundedglobal.com. WONE Global in the ecosystem