- Send a letter to the Department of Economy and Tourism on behalf of the liquidator and the members, 45 days after the publication of the liquidation, stating that there is no third party objection to the liquidation. The Department may also require the permission of other public authorities in order to cancel the license.
- Cancel the company card with the Ministry of Human Resources and Emiratisation.
- Cancel the visas of foreign participants sponsored by the company at the Ministry Of Residency and Foreigners Affairs office applicable to them.
- Obtain certificates from all service providers (banks, water and electricity, etc.) stating that there are no debts and close any existing accounts with them.
- Obtain lease termination certificates from the landlords of the company’s office.
- Obtain certificates from the relevant government authorities if the business is regulated.
- The liquidator must carry out an audit confirming that the company is not financially encumbered. The liquidator must be an independent auditor of the company, as stated above.
- Submit all the above documents to the Department of Economy and Tourism to obtain approval for final liquidation.
The exact fee will be set by the Department of Economics and Tourism, and once the fee has been paid, a certificate of cancellation of the licence can be obtained.
We recommend bringing all corporate documents (Business License, Certificate of Registration, Share Certificates, Memorandum of Association, Establishment card (if issued), liquidation decision) as well as documents of company members (Passports, Emirates ID) with you when dealing with state authorities.
Note that if the company has affiliated branches in other emirates, once the main company’s licence is terminated, the branch will also be terminated.