Liquidation of Companies
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Company Liquidation Services – UAE
Company liquidation is the formal process of closing a business in compliance with UAE laws, ensuring all legal, financial, and regulatory obligations are settled. Whether it’s a Free Zone, Mainland, or Offshore entity, our expert team provides end-to-end assistance to ensure a smooth, compliant, and cost-effective exit.
For more information please read in our blog on Procedures for liquidation
1. Pre-Liquidation Assessment & Advisory
- Advisory on liquidation procedures based on business jurisdiction (Mainland, Free Zone, Offshore)
- Review of company structure, obligations, and readiness for closure
- Strategy for asset disposal, debt settlements, and final filings
2. Board Resolution & Documentation
- Drafting and notarization of board/shareholder resolution for liquidation
- Preparation of Power of Attorney (if required)
- Assistance with documentation for regulatory authorities
3. Clearances and Final Filings
Obtaining clearances from:
- Federal Tax Authority (VAT/Corporate Tax De-Registration)
- Customs (if applicable)
- Ministry of Labour & Immigration
- Utility providers, lease termination
- Free Zone Authority or DED
- Final audit report and submission of liquidation accounts (if applicable)
- Application for company license cancellation
4. Appointment of Liquidator (if required)
- Coordination with registered liquidators (for mainland or certain Free Zones)
- Drafting and publishing of liquidation notice in official newspapers
- Support with 45-day creditor notification period compliance
5. Employee & Visa Cancellation
- Coordination of employee visa cancellations and end-of-service settlements
- Partner/owner visa cancellations
- GDRFA and e-channel account closure
6. Final Deregistration & Certificate
- Submission of final liquidation report to relevant authority
- Company deregistration from the commercial registry
- Collection of License Cancellation / Liquidation Certificate
| Jurisdiction | Estimated Timeline | Remarks |
|---|---|---|
| Mainland (DED) | 60 – 90 days | Requires newspaper notice, audit report, FTA de-registration |
| Free Zone (Standard) | 30 – 60 days | Varies by authority (e.g., DMCC, DSO, SHAMS, RAKEZ) |
| Offshore (JAFZA, RAK ICC, etc.) | 15 – 30 days | Usually quicker; no public announcement required |
Note: Timelines may vary based on clearances from FTA, immigration, customs, or if any penalties exist.
Liquidation of Companies
Expert assistance in closing businesses while ensuring compliance with UAE regulations.
