Company Liquidation – IBSS

Liquidation of Company in Dubai, Sharjah, Ajman, Company Liquidation in Dubai, Company Liquidation in Sharjah

We at IBSS Consultant got expertise to provide services to client for LLC and Free Zone Company Liquidations and Free Zone Company Liquidation process (winding up operations, trade license cancellation, voluntary liquidation, finishing up business) in Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah, Ajman and UAE. We can assits in Trade License Cancellation in Dubai, License Cancellation (Sole Establishment), Winding up foreign companies in the UAE, Cancellation of Commercial License, License Cancellation in Dubai.

We Got expertise in all legal and regulatory issues concerning the liquidation of a company and have executed many company’s liquidation jobs in UAE We will arrange for all the departmental clearance certificates, handle banking issues, labour and immigration clearance and any other requirements. Please send us the company legal documents so that we can check them and advise you accordingly.

IBSS Consultant will provide services will include the following:

  • -Preparation of legal documents
  • -Preparation of Company board resolutions
  • -Liquidators appointment acceptance
  • -DED application and submission
  • -Newspaper advertisement for Company liquidation notice
  • -Arrange clearance letter from Etisalat
  • -Arrange clearance letter from Municipality
  • -Arrange clearance letter from Custom
  • -Bank account closure and Bank No liability Certificate
  • -Audit for the financial statements for liquidation of company
  • -No Liability certificate
  • -Employees visa cancellation
  • – Labour card cancellation and clearance certificates
  • -Immigration card cancellation and clearance certificate
  • -Liquidation report preparation and submission
  • -Final cancellation letter
  • Partner Visa Cancellation

In short, only you have to appoint us liquidators of your company and our experts will give you license cancellation certificate.

Following are procedures and documents details that are required and presented to the Dubai Economic Department or Economic Departments in other emirates or Free Zones Authorities in Dubai.I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Requirements of Cancellation for Companies in UAE Free Zones like JAFZA, DMCC, JLT, TECOM, DAFZA, Hamriyah, RAK, DSO, Dubai SME,

  • -Resolution from Board for liquidating the corporate and appointment of liquidator
  • -Immigration and labour departments clearance from free zone authority. All Visas ought to be cancelled and cleared.
  • -Liquidation letter by registered auditor for FZE & FZCO solely to be submitted
  • -All fees and charges are to be settled with the free zone.
  • -Clearance Certificate from free zone authority (For corporations transferred from free zone) to be submitted.
  • -Clearance Certificate from Business Unite (NOC).
  • -Clearance Certificate from CLD Government section
  • -Original License

Above mentioned procedures and necessities are common in the majority the free zones of UAE, However, requirements are continuously changing and might vary from one free zone to other Freezone.

Process for Cancellation/Liquidation/Winding up of LLC license in Dubai, Abu Dhabi, Sharja, Fujairah, Ras Al Khaima (RAK) or Ajman underneath Main Land native Law and Appointment of Liquidator for liquidation of company

LLC Companay Liquidation in General

  • -Pass and notarize Board Resolution to liquidate/cancel/ wind up operation of LLC company and appoint liquidators
  • -A letter from the appointed liquidator who accepts his appointment as company liquidator to liquidate the company in Dubai or Abu Dhabi
  • -Get Registration & Licensing Application type (Form No. BR/1) from Economic department of the Emirate (Dubai or Abu Dhabi, Sharjah, Ajman, Ras Al Khaimah)
  • -Bring Company’s Original License and different legal documents.
  • -Bring Company’s Original License and different legal documents.
  • -Apply and find No-objection letters from (DEWA, FEWA, DU/ETISALATE, ministry of labor & immigration and RTA)
  • -Bank account closure certificate and no liability certificate for company liquidation in Dubai
  • -Shareholders resolution to dissolve the businesses from the Public Notary (for L.L.C companies)
  • -Company Dissolution letter from the Economic Development Department (DED).

Branch of a corporation Registered in Dubai, different Emirates or Foreign Company

  • -Board Resolution from Parent Company for liquidation of the Branch office (notarized)
  • -Bring with you Original License
  • -Bring Original Certificate of Registration within the industrial Register (if the pinnacle workplace is registered in Dubai)
  • -Apply and find No-objection letter from (Bank, DEWA, FEWA, DU/ETISALATE, ministry of labor & immigration and RTA)

Cancellation of business Company’s (LLC) registration Dubai

  • -Certificates issued within the different Emirates indicating cancellation of license(s) (if any).
  • -Original copy of the ultimate accounts of liquidation approved by the partners or general assembly and stamped by the legal liquidator.
  • -No-objection letter regarding cancellation issued by the Ministry of Labour & Social Affairs.
  • -Visa Cancellation of the partner(s) in case they’re sponsored by their license.
  • -Copy of the notice of the company’s dissolution & appointment of a liquidator to be printed in 2 of the native newspapers.
  • -Letters from the partners for the agreement of the liquidation of the corporate.

Cancellation of licenses and cancellation from the industrial Register

Certificates issued within the different Emirates indicating cancellation of license(s) (if any).
  • -Original copy of the ultimate accounts of liquidation approved by the partners or general assembly and stamped by the legal liquidator.
  • -No-objection letter regarding cancellation issued by the Ministry of Labour & Social Affairs.
  • -Visa Cancellation of the partner(s) in case they’re sponsored by their license.
  • -Copy of the notice of the company’s dissolution & appointment of a liquidator to be printed in 2 of the native newspapers.
  • -Letters from the partners for the agreement of the liquidation of the corporate.

The Liquidation or dissolution of the company happens when the business house cannot carry out its daily transactions. For this, it becomes necessary to take the services regarding Liquidation of Company in Dubai, Sharjah, Ajman by the expert service providers. We, at IBBS, help the clientele in carrying out their business house’s liquidation process seamlessly. We extend support in maintaining the required documents and distribution of the assets or other property related things to the shareholders and the creditors of your company.

Important Aspects Relative to Liquidation Process

IBSS helps the clients who want the services regarding Company Liquidation in Dubai or Company Liquidation in Sharjah. Our team will help the companies who are not abreast with the laws prevalent in Dubai for liquidation process in carrying out this full process without any problem. We can assist you in the following ways.
  • -To get the no-objection letter from the sponsors of your company
  • -To get the certificates regarding the closure of the financial institution accounts
  • -Receive ‘No-felony’ responsibility certificate
  • -In case, our clients are running the ‘Limited Liability’ company so we prepare documents to get the no-objection certificate from the shareholders
  • -Documents from the Public Notary
  • -Helps you to receive the ‘Organization Dissolution Letter’ from the Monetary Development Department based in Dubai

We at IBSS got expertise in almost all freezone for Liquidations of companies like , Dubai Multi Commodities Centre (DMCC Free zone), Economic Zones World (EZW) – includes Techno Park, Dubai Auto Zone, JAFZA International, JAFZ, Jebel Ali Free Zone (JAFZ), Dubai Aid City, Dubai Auto Parts City, Dubai Silicon Oasis, DSO, Dubai International Financial Centre (DIFC), Dubai Maritime City, Dubai Technology and Media Free Zone (TECOM) – includes DIC, DMC, DKV, Dubai Biotechnology & Research Park (Dubiotech or Dubai Biotech), Dubai Internet City (DIC, Dubai Knowledge Village (KV) (DKV), Dubai Media City DMC, Dubai Outsource Zone (DOZ), Dubai Studio City – Dubai land, Dubai Techno Park (TP), International Media Production Zone, IMPZ, Dubai Health Care City (DHCC), Dubai Industrial City (DIC), Dubai Airport Free Zone (DAFZ), Dubai Car and Automotive City Free Zone (DUCAMZ), Dubai Flower Centre Free Zone – at Dubai International Airport, Dubai Gold and Diamond Park, Dubai Gold and Commodities Exchange (DGCX), Dubai Carpet Free Zone – Deira, Dubai International Arbitration Centre (DIAC), Dubai Textile Village – Al Awir, eHosting Data Fort, Heavy Equipment & Trucks Free Zone, Mohammad Bin Rashid Technology Park – Jebel Ali Area. Ajman Free Zone (AFZ), Sharjah Airport International Free Zone (SAIF).

Get in touch with our experts to get more insight into the Liquidation process and the formalities involved. We will be happy to answer your question and schedule meeting.