info@businesslinkuae.com
  • +971 55 6070 118
  • +971 43 215227
  • Book an appointment
  • About us
    • Company Profile
    • Our Clients
    • Clients Testimonials
  • Business Setup
    • Mainland Company Setup
      • Limited Liability Company
      • Civil Company
      • Sole Establishment
      • Subsidiary Company
      • Professional License
      • Commercial License
      • Industrial License
      • Branch Office Setup
      • Branch of Foreign Company
    • Free Zone Company Setup
      • Dubai Free Zones
      • Sharjah Free Zones
      • Abu Dhabi Free Zones
      • Ajman Free Zones
      • Fujairah Free Zones
      • RAK Free Zones
    • Offshore Company Setup
      • JAFZA Offshore
      • RAK Offshore
      • Ajman Offshore
      • British Virgin Islands
    • Business Setup Packages
  • Our Services
    • PRO Services
    • UAE Visa Services
    • UAE Local Sponsor
    • Corporate Sponsorship
    • Virtual Office Setup
    • Legal Typing and Attestation
    • VAT & Bookkeeping
    • Company Liquidation
    • Open Bank Account
    • Product Registration
    • Trademark Registration
    • Professional Business Email
  • What’s New
    • Our Blog
    • Press Release
  • FAQ
    • FAQs for Business Setup in UAE
    • FAQs for Business Setup in KSA
  • English
    • العربية
    • русский язык

Complete Guide To UAE Company Windup / Liquidation

    Home Blog Complete Guide To UAE Company Windup / Liquidation
    CompanyLiquidation

    Complete Guide To UAE Company Windup / Liquidation

    By Reda Mansour | Blog, Company Liquidation | 0 comment | 10 July, 2018 | 0

    Even though Dubai offers one of the best business environments in the world, there are times when companies fail due to unseen and unexpected reasons. Falling demand for a particular product/service, worldwide economic recession, oversupply, and saturation are some of those. In such a situation, the business owners simply need to call it off to save the company from further damages and liabilities. Winding up a company in Dubai typically occurs when creditors and banks knock on the doors of the concerned firm.

    Like the rest of the world, even this emirate has statutory laws to liquidate the company in Dubai.

    Following is the procedure for company liquidation in Dubai. For the rest, we are here at Business Link UAE to assist you for the whole procedure for liquidating your company.

    LLC OR LIMITED LIABILITY COMPANY LIQUIDATION

    STEP ONE –
    • Resolution by the board of directors for the dissolution. The same needs to be attested by a notary.
    • Details of the appointed legal liquidator along with the name of this entity and the method of liquidation.
    • Submission of registration and licensing form/s.
    • Submission of original Certificate of Registration and Trade License.
    • Payment of various fees to the department/s for issuing liquidation certificate.
    • Advertisement in at least two local newspapers informing the public about the liquidation.
    STEP TWO –

    • Submission of an original copy of liquidation as approved by the board/partners and stamped by the legal liquidator.
    • Fetch NOC issued by the Ministry of labor & social affairs concerning the cancellation of above.
    • Visa cancellation of partner/s if the same is obtained through an issue of license.
    • No objection/claim from third-party post advertisement in the local newspapers (Minimum 45 days).

    SOLE ESTABLISHMENT BUSINESS LIQUIDATION

    • Cancellation of Labour Establishment Card.
    • Cancellation of all employees.
    • Application for dissolution needs to be submitted to the Labour office and the same has to be endorsed by it. It is mandatory, even if the business has no Labour Establishment Card.
    • Application for License cancellation needs to be submitted to DED.
    • Payment to be made to DED for cancellation of license/s.
    • Submit file number to the Department of Protective Systems to get clearance from the Police authority.
    • Fetch cancellation certificate from DED.
    • Submit this certificate to immigration head office along with a letter typed in Arabic and original immigration establishment card.

    DUBAI FREE ZONES ESTABLISHMENTS LIQUIDATION

    • Board resolution for liquidation proposal and appointment of liquidator.
    • All visas need to be canceled.
    • Obtaining immigration and labor department clearance.
    • Submission of liquidation letter by the registered auditor or legal business consultant in Dubai.
    • Fees and other dues to be cleared.
    • Clearance certificate from free zone authority, business unite and CLD government section.
    • Original License submission.

    Dubai company liquidation process is a tedious and mandatory process. It is time consuming, demoralizing and requires immense patience. A smarter way to wind up a business is to seek company liquidation services in Dubai.

    The list of documents required for company liquidation in Dubai is long and therefore it is prudent to hire a business consultant such as Business Link UAE. We are renowned professionals in order to accomplish this task quickly and that too at an attractive price point.

    Dubai LLC company liquidation, Liquidate Company in Dubai, LLC company liquidation, LLC company liquidation in Dubai, LLC company liquidation in UAE

    Related Post

    • LLC Trade License Cancellation in Dubai

      LLC Trade License Cancellation in Dubai

      By Reda Mansour | 0 comment

      Are you through some financial cricis? Is the business not interesting you anymore? Are the place and environment not making you happy?These are the signs that you are looking for business license cancellation. Trade licenseRead more

    Leave a Comment

    Cancel reply

    Your email address will not be published. Required fields are marked *

    Business Setup

    • Mainland Company
    • Offshore Company Formation
    • Free Zone Company
    • Business Setup in Dubai UAE
    • Abu Dhabi Business Setup
    • Business Setup in Ajman
    • Business Setup in KSA
    • Business Setup in Oman
    • Free Zone Company
      • Dubai Free Zones
      • Abu Dhabi Free Zones
      • Sharjah Free Zones
      • Fujairah Free Zones
      • Ajman Free Zones
      • RAK Free Zones
    • Our Services
      • PRO Services
      • UAE Visa Services
      • UAE Local Sponsor
      • Corporate Sponsorship
      • Company Liquidation
      • Legal Typing and Attestation
      • Virtual Office Setup
      • Open Bank Account
      • VAT & Bookkeeping
      • Product Registration
      • Trademark Registration
      • Professional Business Email

    Recent Posts

    • Dubai Property Investor Visa

      Dubai Property Investor Visa

      Complete Guide to Getting Dubai Property Investor Visa Different countries have different

      16 January, 2021
    • International Free Zone (IFZA) Company Formation

      Company Setup in IFZA Free Zone – Why? The UAE has grown exponentially

      16 January, 2021
    • LLC Company Formation in Dubai

      LLC Company Formation

      Limited Liability Company Formation in Dubai Dubai emerged as one of the

      16 January, 2021
    • Kafala System Abolishment in KSA

      Saudi Arabia Eases Kafala System Restrictions

      Saudi Arabia Eases Kafala System Restrictions on Foreign Workers Saudi Arabia has

      16 January, 2021

    Contact Address

    United Arab Emirates
    Oasis Center, 3rd Floor, #104
    P.O box: 282007
    Sheikh Zayed Road
    Dubai, UAE

    Phone Number
    Dubai Branch: +971 43 215227
    Mobile: +971 55 6070 118

    Email Address
    info@businesslinkuae.com

    Saudi Arabia

    2538: Abi Moaz Al-Ansari
    Al-Rabi’a – Riyadh
    P.O. Box: 87772
    Postal code: 11671

    Mobile: +966 501 468 671

    Email: info@businesslink.sa

    Working Hours
    We are Open From
    9:00 am to 6:00 pm
    Saturday to Thursday

    business setup in dubai uae

    Business Setup

    • Mainland Company
    • Offshore Company Formation
    • Free Zone Company
    • Business Setup in Dubai UAE
    • Abu Dhabi Business Setup
    • Business Setup in Ajman
    • Business Setup in KSA
    • Business Setup in Oman
    • Our Services
      • PRO Services
      • UAE Visa Services
      • UAE Local Sponsor
      • Corporate Sponsorship
      • Company Liquidation
      • Legal Typing and Attestation
      • Virtual Office Setup
      • Open Bank Account
      • VAT & Bookkeeping
      • Product Registration
      • Trademark Registration
      • Professional Business Email

    Latest Blogs

    • Dubai Property Investor Visa

      Dubai Property Investor Visa

      Complete Guide to Getting Dubai Property Investor Visa Different countries have different

      16 January, 2021
    • Types of Business Setup in UAE

      Type of Business Setup in UAE

      Different Operating Jurisdictions in UAE – Mainland or Free zone or Offshore

      9 January, 2021
    • Why Choose Business Link UAE

      Why choose Business Link UAE ?

      Why Choose Business Link UAE? Numerous people in a year visit Dubai.

      28 December, 2020
    • Construction Company Formation in Dubai

      Construction Company Formation in Dubai, UAE – Requirements & Approvals

      Recently, the number of foreign investors looking to become a resident has gone up in Dubai UAE. This is accomplished by investing in real estate. This boom has consequently increased construction projects sprouting up in different …

      13 December, 2020
    • Business Setup in Saudi Arabia FAQs

      FAQs for Business Setup in Saudi Arabia

      Business Setup in Saudi Arabia, one of the largest business hub among

      23 November, 2020

    Business Link Profile

    We Accept Payment Options

    We Accept

    Subscribe to our Newsletter

    • Our Team Members
    • Privacy Policy
    • Copyrights
    • Disclaimer
    • SiteMap
    • Contact Us
    © 2008-2021 Business Link UAE | All Rights Reserved.
    • Home Page
    • About us
    • :: Company Setup in UAE ::
    • Mainland Company
    • Free Zone Company
    • Offshore Company Formation
    • Our Services
    • :: Business Services ::
    • PRO Services
    • UAE Visa Services
    • FAQs for Business Setup in UAE
    • FAQs for Business Setup in KSA
    • Our Blog
    • Press Release
    • Contact Us


      Services Required *


      We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok