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Company Liquidation Services

  • 1 h
  • Introductory Meeting
  • NBQ Building - 16th St - Dubai - United Arab Emirates

Service Description

This is the process of cancelling a trade license in UAE, in the event of a business closure. In order to avoid penalties for non-renewal of a license, it is mandatory to follow a series of procedures to wind up a business legally, which can be quite grueling at times. We can take care of this hassle with minimum involvement needed from the customer, meanwhile ensuring a clean finish. We understand the importance of settling dues and profits among creditors and partners, from the perspective of keeping your goodwill and business reputation; we foresee the possibility of restarting your venture sometime in the near future. ๐…๐จ๐ซ๐ฆ๐š๐ฅ๐ข๐ญ๐ข๐ž๐ฌ ๐…๐จ๐ซ ๐‚๐š๐ง๐œ๐ž๐ฅ๐ข๐ง๐  ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐‹๐ข๐œ๐ž๐ง๐ฌ๐ž The cancelation procedures varies based on business forms; the sole proprietorships and establishments, being the simplest. All you need to do is apply for cancellation through DED by submitting the below documents: โ€ข NOC from Directorate of Residency and Foreigners Affairs โ€ข NOC from Ministry of Human Resources and Emiratization โ€ข NOC from Local Services Agent โ€ข Letter stating the reason for Company Liquidation For companies with shares, the steps are more because it requires liquidating the shares, collecting the debts and paying off the creditors before finalizing with DED. If your company is one of the below mentioned, you need to appoint a liquidator: โ€ข General Partnership โ€ข Simple Limited Partnership โ€ข Limited Liability Company โ€ข Private Joint Stock Company โ€ข Public Joint Stock Company

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