Company Liquidation Services Dubai UAE Reliable Company Liquidation Services in Dubai! Shut Down Your Business with Ease with Our UAE Company Liquidation Services. Get Started

The Most Trustworthy Company Liquidation Services in Dubai

No business owner wants to make the choice to close their business operations, but sometimes it is necessary to do. Not only is it a mentally draining situation, but the process of company liquidation in Dubai can be very tedious and long-winded.

Once you make the huge decision to shut down your business, there are a lot of formalities to take care of. This involves dissolving your business, license cancellation in Dubai, paying off debts, and liquidating and distributing assets among shareholders.

Naturally, it can be an extremely stressful process. We understand this, and want to make the situation as smooth as possible. This is why we are the best company liquidators in Dubai. We will help you through the entire UAE liquidation process, and make sure that you salvage the maximum amount of capital and assets from the liquidation.

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Company Liquidation Process in Dubai

We help you easily and successfully liquidate your UAE-based business in no time! With our expertise, you will not have to face the stress and hefty costs of shutting down shop. Rather, you can count on us to take care of the entire license cancellation and liquidation process, while you use the extra time to plan your next steps.

Here is a brief overview of the company liquidation process in Dubai:

  • Submit the notice of closure to the DED (for mainland businesses), or the relevant free zone authority. The notice should state the reason for closure.
  • Apply for cancellation by filling the required form through DED or other approved channels.
  • DED will issue a liquidation certificate.
  • Submit to DED a declaration letter from the liquidator and the partners indicating no objection from any other parties during the grace period.
  • Collect required approvals of other government bodies to cancel a license.
  • Cancel the firm card at Ministry of Human Resources and Emiratization.
  • Submit all required documents to get the approval for final cancellation
  • Submit the required cancellation fees in order to successfully liquidate your business

Documents Required for License Cancellation and Liquidation in Dubai

The documents required for official company liquidation and license cancellation in the UAE will depend on whether your business is based in Mainland or a free zone. Here at Indus Business Services, we will assess your situation and provide the complete list of required documentation.

However, in general you can expect to be asked to present the following documents in Dubai mainland:

  • ‘Notarized Board Resolution’ to liquidate
  • A letter from the appointed liquidator accepting the position
  • Registration & Licensing Application (Form No. BR/1) from the Economic Department of the Emirates
  • Company’s Original License and legal documents
  • Release letter from the property owner
  • NOC letters from the ministry of labor & immigration and RTA
  • No liability and bank account closure certificate
  • Resolutions by shareholders to dissolve the businesses from the Public Notary
  • Letter of Company Dissolution by the Economic Development Department (EDD)

Upon the submission of these documents, and the business cancellation form, you will receive a liquidation certificate. Once you receive the certificate, you must publish the notice of liquidation in two local newspapers. The notification gives debtors 45 days from the date of the issue to submit their claims.

Why Choose Indus Business Services as Your Liquidators in Dubai?

The UAE liquidation process can be a tiring and cumbersome one. This becomes even more stressful when you consider the emotions that come with deciding to shut down your business. We understand this sensitive situation, and that is why we strive to help businesses like yours close down smoothly.

We are Dubai’s most trusted company liquidators. Our consultants have years of experience dealing with the DED and various Free Zone authorities. We can help you expedite the license cancellation process in Dubai. Moreover, we are experts in company liquidation and ensure that you save the most amount of money possible through the closure.

For reliable, empathetic, and trustworthy company liquidation services in Dubai, turn to us here at Indus Business Services! Contact us today to get started.

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