When a free zone business, an LLC, or a single business in Dubai decides to close, the shareholders and creditors are legally entitled to some of the company’s assets. When a firm ceases operation in Dubai, it follows the liquidation procedure in the United Arab Emirates. A business owner must deal with the cancellation of the business name, the payment of workers, the revocation of tax registration, and many other issues. Before you start the cancellation process, you only need a company on your side, and Gulf Central can help you with that.
Business liquidation in Dubai involves a vast set of paperwork. Remember that the documents needed to close down a Dubai LLC would differ from those required to close down a free zone corporation. Invest First provides the finest support for company liquidation documents and legal needs.
For Free Zone Company Liquidation
- Liquidator appointment & board resolution
- Clearance of the Labour Department and Immigration
- Submission of the liquidation letter
- Certificate of clearance from the authorities and business unit
For LLC Company Liquidation
- Notarized board resolution
- Letter of appointment for a liquidator
- Application for a license and registration
- Bank Account Closure & No Liability Release Letter
- Letter from the Economic Development Department
For Branch Dissolution
Closing down a business in Dubai is long and unpleasant, making it hard for one person to handle the situation and paperwork. This is where Invest First’s years of skill, knowledge, and experience come in handy. We can assist you in making the business closing process seamless and stress-free. Our experts will ensure you don’t lose too much money or get into legal trouble. Our business will ensure that Dubai’s entire company liquidation process is stress-free and seamless through careful coordination and administration.
In addition, our specialists will advise you on the legal ramifications.
We provide the following services:
- Closing expense
- Detailed view of compliances
- Bankruptcy and solvency
- Owners’ obligations
- Business liquidation preparation
If you want to learn more about liquidation in the UAE, don’t hesitate to contact one of our dedicated staff members. We will be delighted to assist you.