Company Liquidation in Dubai

Elegant Services offer professional assistance for company liquidation in Dubai. Therefore, it includes mainland, Free zone, and offshore license closing. The company closing process needs to follow fix rules. Our team builds a process, to can reduce your legal issues. It is very important to closing a business in a proper way if you are not able to run a business. How to close LLC Company in Dubai.

Our Process reduces financial damages. During, the license closing in Dubai. We have an expert team for company closing. So, we handle it quite easily. Our team will take care of all issue related to company closing.

What Is The Process For?

Company Liquidation in Dubai?

Shutting down a business is not as simple as it seems. But, We make it simple. The business owners must follow the procedure. Here, we come in the picture. Company closing is the process by which a company is brought to an end. The assets and property of the company are divided between all partners. Our expert team will help you to start the company closing.

For more inquiry, please call us: +971 4 271 9503, or email us: [email protected]

How to Close a Mainland Company in Dubai

We at Elegant Services offer complete company liquidation services, we make sure each partner in the company has no remaining liability through company side. we follow a highly professional approach.

​​​​​​​​​​​​​​​​​Steps How to close a sole- proprietorship​​​

1. Fill in the Registration & Licensing Application form through approved application channels.
2. Submit a copy of the license.
3. Cancel the Establishment Card at the Ministry of Human Resources and Emiratisation.
4. Collect business activity-specific approvals (only for business activities that require approvals of government bodies to cancel a license)
5. Submit the above documents through approved service centres​ and collect license cancellation certificate.

Steps How to close a Branch Of A Company

1. Fill in the Registration & Licensing Application form through approved service centres​.
2. Cancel the Establishment Card at the Ministry of Human Resources and Emiratisation.
3. Submit an attested decision issued by the parent company to cancel the branch.
4. Collect business activity-specific approvals (only for business activities that require approvals of government bodies to cancel a license)
5. The Ministry of Economy’s decision to cancel the foreign company branch.
6. Submit the above documents through approved service centres​ and collect license cancellation certificate.​

Steps How to close a Civil Works Company

1. Fill in the Registration & Licensing Application form through approved service centres​.
2. Cancel the Establishment Card at the Ministry of Human Resources and Emiratisation.
3. Cancel the foreign partners’ visas sponsored by the company.
4. Collect business activity-specific approvals (only for business activities that require approvals of government bodies to cancel a license)
5. Prepare a partnership cancellation contract authenticated by the notary public or any of the state’s courts.
6. Submit the above documents through approved service centres and collect license cancellation certificate.​

Steps How to close a LLC Company in Dubai

Phase One: Dissolve A Company And Appoint A Liquidator

• Prepare notarized minutes of the general assembly meeting to confirm the company liquidation along with a notice of appointment of a liquidator.
• Prepare a letter issued by the liquidator accepting to liquidate the company along with the liquidator’s documents (a copy of the license, auditor registration certificate, a notarized signature specimen).
• Fill in the Registration and Licensing Application form and submit the above documents through approved service centres​.
• A legal advisor in DED will then review your documents for obtaining certificates of the company dissolution and liquidators appointment.
• You will be issued with a payment voucher to pay the company dissolution and the liquidator appointment fees of AED 2,020. You can pay fees and receive the certificate through approved service centres​​.
• Publish a notice of liquidation in two Arabic local newspapers for one day only; the notice should give the debtors a grace period of 45 days from the date of the notice to submit their claims.

Phase Two: Remove A Company From The Register​

• Prepare the company’s final report.
• Prepare a declaration letter from the liquidator and the partners indicating that no objection from any other parties during 45 days from the date of the announcement.
• Cancel the Establishment Card at the Ministry of Human Resources and Emiratisation​.
• Cancel the foreign partners’ visas sponsored by the company.
• Collect business activity-specific approvals (only for business activities that require approvals of government bodies to cancel a license)
• Obtain the Ministry of Economy’s decision to cancel the company (for private shareholding companies).
• Obtain the Securities and Commodities Authority’s decision to cancel the company (for public shareholding companies).
• Submit all the above documents along with phase one documents through approved application channels to get the approval of DED legal advisor.
• You will be issued with a payment voucher to pay the deregistration fees of AED 3,020. You can pay fees and receive the certificate of deregistration through approved payment channels.

Free Zone Company Closing:

Our Company shut down services include free zone company closing. We are connected with all major free zone. Thus, we can easily talk to the department if needed.

Offshore Company Windup.

We follow the expert way to close an offshore company. we know how to deal with offshore authorities in UAE. It may be difficult for a person but for us, this is a process.

Resources: http://www.dubaided.ae/English/SetUpyourBusiness/Pages/CloseYourBusiness.aspx