Fulfilling all liabilities
- Company's creditors
- Bills payable
- Bank loans
- Staff salaries
- Other financial obligations
Company liquidation services in Dubai, UAE
Planning your next move? We help close and deregister existing UAE company in mainland, free zone, and offshore in Dubai and across UAE under 24x7 expert guidance.
Liquidating a company in Dubai
Company liquidation in Dubai is a legal process of closing a business. Company is deregistered by Department of Economy and Tourism (DET) or free zone authority after all debts are paid, accounts are settled, and the trade license is cancelled. Once your company is liquidated and removed from UAE Company Registry, it can no longer operate or hire people.
“Winding up”, “business closure”, or “company deregistration” – all these are other term used for company liquidation. Process is completed within 3-4 weeks. In most of the cases, company will need an “authorised liquidator” to prepare the liquidation report, sell off the assets, and complete formalities. Dubiz provides trusted company liquidation services in Dubai, helping clients close one business chapter to begin the next.
Compliance Checklist
Legal requirements for company liquidation in Dubai
Both – a planned decision or an unforeseen setback - can lead to liquidation of company in UAE. What matters is completion of all legal formalities involved in company liquidation in UAE:
Settling the taxes
- Deregister for VAT and corporate tax
- Pay outstanding tax dues to FTA
- Complete pending return filings
Obtaining government clearances
- Clearance from MoHRE (labour department)
- Clearance from GDRFA (immigration department)
- Clearance from DEWA (water & electricity)
- Clearance from telecom providers (du, e&, etc.)
- Landlord clearance (Lease, Ejari)
- Bank clearance (corporate bank account closure)
Important Notice
Letting UAE trade license expire is not an option
Once debts are paid, or if there are no pending accounts, you must apply for trade licence cancellation and complete the company liquidation process in UAE as soon as possible.
Ignoring the formal steps or simply letting your Dubai trade licence expire may attract unwanted penalties. UAE authorities may “blacklist” or “ban” your future company setup.
Do you need an official liquidator for your Dubai company?
Most of the business legal structures in Dubai require to appoint a licensed audit firm as official liquidator, except solopreneurs.
Yes, in case of:
- Limited liability company
- General partnership firm
- Limited partnership
- Private joint stock company
- Public joint stock company
- Company branch
No, if you are:
Though the requirements may vary, having a liquidator as your helping hand ensures your company closure in UAE is completed with zero delays.
Save Time. Avoid Penalties. Be Compliant.
Dubiz company liquidation services in UAE
Our company liquidation services in Dubai are expert-delivered. You keep the flexibility to pick, choose, and customise the package.
Document Preparation & Notarisation
Includes legal paperwork, liquidation reports, and resolution preparation. Notarised and attested when needed.
Regulatory Submissions
We manage the filing of applications with free zone, mainland, offshore, banks, and other authorities in UAE.
Asset & Liability Review
Our accountants will help with the evaluation, classification, and settlement of company assets and liabilities.
Stakeholder & Government Liaison
We represent you as a liquidator before all government departments, your creditors, and employees.
Trade License Cancellation
Finalising your trade license cancellation in Dubai and deregistration from the registrar as per the applicable law.
Clearance Assistance
We coordinate with the FTA, GDRFA, landlords, and other relevant authorities to obtain the required clearances.
Dubai company liquidation types covered by Dubiz
Based on your financial position, legal structure, and circumstances, company liquidation in UAE can take various forms. Our company liquidation services in Dubai cover each one of them.
01
Voluntary Company Liquidation
Board of directors can decide to close the company after passing a resolution. This usually happens when the company's purpose has been fulfilled or it has become insolvent.
02
Mandatory Company Liquidation
The company is unable to repay its creditors, who may approach the court. In such cases, the court can order for company liquidation so that dues can be settled.
03
Sole Proprietorship Liquidation
Business owners can approach the DET or the relevant free zone authority to close the company themselves. The trade licence is cancelled after government clearances.
04
Liquidation Through a Liquidator
General partnerships, LLCs, limited partnerships, and joint stock companies need to appoint a liquidator, who then carries out the company liquidation process.
Basic documentation for Dubai company closure
Keeping the required documents ready for company liquidation in Dubai helps make the process smoother. You will need:
- Trade license copy
- Memorandum of Association (MOA)
- Shareholders' resolution
- Passport copies of shareholders
- Emirates IDcopy
- Liquidator's letter of acceptance
- Financial statements and bank statements
- Company closure application
- Various clearance certificates, as applicable
- Additional documents, case based
Company liquidation services cost in Dubai
Here's a general overview of the cost of company liquidation services in Dubai across different jurisdictions (variable):
Free Zone company liquidation cost in Dubai: AED 10,000* – AED 11,000*
Element | Amount (AED*) |
|---|---|
| License cancellation | AED 4,000 |
| Liquidation report and corporate tax deregistration | AED 4,000 + 5% VAT |
| Establishment card cancellation | AED 1,000 |
| Visa cancellation – Inside UAE | AED 750 |
| Visa cancellation – Outside UAE | AED 1,500 |
| Professional service fee | AED 1,500 + 5% VAT |
| Total cost (approx.) | AED 10,000 – AED 11,000 |
Mainland company liquidation cost in Dubai: AED 15,000* – AED 16,000*
Element | Amount (AED*) |
|---|---|
| License cancellation | Included |
| Liquidation report | Included |
| Professional service fee | Included |
| Total cost (approx.) | AED 15,000 – AED 16,000 |
*The costs for establishment card cancellation and visa cancellation apply only to companies that have active visas under the company.
Exit Strategically to Start Fresh
The company liquidation process in Dubai
Dubiz Business Setup experts follow a step-by-step liquidation process in UAE, Dubai, Abu Dhabi, and the rest of the Emirates, ensuring a hassle-free and smooth closure.
01.
Finalising shareholder resolution
Shareholders approve the liquidation decision, and a resolution is passed - formally written, and attested by a notary public (generally required).
02.
Appointment of a liquidator
A licensed liquidator is appointed to take the process further. As part of our company liquidation services in Dubai, Dubiz assumes this responsibility by being your company's liquidator.
03.
Financial review and initial report
A team of accountants will review the assets and liabilities of your firm, outstanding debts, and company closure position.
04.
Submission of preliminary documents
The initial liquidation report, along with the shareholders' resolution, trade license copy, copy of the MOA, passport copies of shareholders, and the registration application form, must be submitted to the licensing authority (DET or the relevant free zone authority).
05.
Public notice and government clearance
After you get the provisional liquidation certificate, announcement about company liquidation is made in newspaper in both English and Arabic. A notice period of up to 45 days is typically provided. During that, all clearances are managed like visa cancellation, utility disconnections, FTA deregistration, business vehicle deregistration, bank account closure, and others.
06.
Final liquidation report and license cancellation
The liquidator prepares the final liquidation report, which is submitted to the licensing authority. It is submitted along with all required documents and applicable fees. Once approved, the Dubai trade license cancellation certificate is issued.
Close your UAE company without any legal confusion
Winding up a business in the UAE is a multi-party process. It can be lengthy and costly, but not when you hire the right company liquidation services in UAE.
Working with Dubiz helps you complete the process efficiently. We become your official liquidator in the UAE. By arranging the required approvals and fast-tracking trade license cancellation, we help you close your mainland LLC, free zone company, or offshore company on a positive note.
Schedule a call with an expert
FAQs on company liquidation services Dubai
Generally, it takes around three to four weeks to liquidate a company in Dubai, as a lot of formalities are often involved. Liquidation report takes 10 to 15 working days, visa cancellation takes 5 – 6 working days, 4 to 5 days for establishment card cancellation, and license cancellation around 3 weeks.
All due tax payments must be cleared for the lawful closure of a company setup in UAE.
Leaving your trade license inactive and expired attracts unnecessary penalties and fines. Please follow the legal company deregistration process if you no longer plan to continue the business.
In a limited company, no. However, in the case of an unlimited liability company or under court’s order, shareholders' personal assets may be used to pay off company debts.
For most legal structures, such as LLCs, joint stock companies, and branches - yes. However, it is generally not required for a sole establishment.
There is a forty-five (45) day notice period during which creditors should be settled, and all licenses, visas, and required clearances should be completed.