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UAE Company Liquidation Procedures

An average time needed for liquidation of a private company (either registered in mainland or in one of free zones) is 50-60 day approx.
Company Liquidation Procedures

Company Liquidation

Within the said time the company that is a subject of liquidation has to pass through such mandatory stages as:

  • Audit procedure – regardless of the company’s age and obtaining a letter of liquidation from the audit.
  • Immigration procedure – cancellation of all residency visas (including employees and shareholders).
  • Corporate proceedings – close establishment card, signboard resolution, and liquidation announcement.
PROCESS
DOCUMENTS REQUIRED
ADDTIONAL CONDITIONS
TIMEFRAME
Letter of liquidation from audit
License copy, MOA
-
15-20 working days
Cancelation of employee's visas and clearance certificate
Passport, visa, EID copies of the employees
EID of sponsor
1-2 working days
Close establishment card
License copy, establishment card copy
EID of sponsor
1-2 working days
Sign board resolution
Liquidation letter for sponsor
-
1-2 working days
Newspaper letter
-
-
1-2 working days

To find out more, please contact us accordingly.

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Expert company liquidation advice and opinion best liquidation approach, Dubai liquidators

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Expert company liquidation advice and opinion best liquidation approach, Dubai liquidators

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