Dissolving a dormant company is a necessary step to avoid unnecessary penalties and costs. The process begins with the holding of a general meeting where the dissolution is approved. A liquidator is then appointed, outstanding debts are written off and assets are liquidated. Once completed, it must be notarised and registered in the Commercial Register. Finally, they apply for cancellation of their tax and social security registrations. Even if the company is inactive, it still has legal obligations, so it is advisable to close its cycle correctly.
