Company Liquidation in RAK
Company Liquidation in RAK – Capital Closure
Your Trusted Partner for Company Liquidation in RAK
Capital Closure is a trusted corporate liquidation specialist serving businesses in Ras Al Khaimah. With proven expertise in RAK Economic Zone regulations, we combine deep knowledge of local compliance requirements with a results-driven approach. Our services focus on precision, speed, and full legal compliance, backed by transparent pricing, dedicated case managers, and the ability to handle even complex liquidation cases for both local and overseas clients.
Ready to close your RAK company with confidence? Let Capital Closure manage every step from board resolution to final clearance so you can move forward without delays or risks. Contact our team today for a free consultation and start your liquidation process the right way.
Our RAK Liquidation Services
Board Resolution Preparation
We draft and prepare the official board resolution required by RAK authorities to formally initiate your company’s liquidation, ensuring it meets all legal and procedural requirements.
Final Audit & Financial Closure
We work with approved auditors to prepare your final audit report, settle all dues, and complete the financial closure process in compliance with RAK Economic Zone regulations.
Visa & Labour Card Cancellation
We handle the cancellation of all employee visas and labour cards, coordinating with immigration and labour departments to ensure there are no outstanding obligations.
Lease & Facility Handover
Our team manages the return of leased offices, warehouses, or facilities to RAK authorities, including final inspections and the settlement of utility bills.
Bank Account Closure
We liaise directly with your bank to close all corporate accounts, obtain clearance letters, and release any held deposits or guarantees.
License & Permit Cancellation
We process the cancellation of your trade license and any special permits, ensuring your company’s official records are updated with RAK authorities.
Final Clearance & Liquidation Certificate
Once all requirements are fulfilled, we obtain your final clearance from RAK authorities and deliver the official liquidation certificate confirming your company’s legal closure.
Why Proper Company Liquidation in RAK is Critical
- Avoid fines for late closure – RAK authorities impose financial penalties on companies that fail to close within the specified timeline. Proper liquidation ensures you avoid unnecessary costs.
- Maintain a clean record for future business in the UAE – Completing company liquidation in RAK is correctly preserves your business reputation and allows you to set up new ventures in the UAE without compliance issues.
- Protect yourself from legal claims – A formal liquidation process shields you from future disputes, liabilities, or creditor claims after your company is closed.
- Comply with RAK’s closure regulations – The RAK Economic Zone has strict requirements for company closure. We ensure every step meets their standards, preventing delays or rejections.
- Release deposits and guarantees quickly – Proper liquidation allows you to recover your bank guarantees, rental deposits, and other held funds in the shortest possible time.
Step-by-Step Process
Initial Consultation and Compliance Check
We begin with a detailed consultation to review your company’s situation, confirm compliance requirements, and outline the most efficient approach to complete your liquidation.
Document Collection and Clearance Requests
Our team gathers all required documents and obtains clearances from banks, utilities, immigration, and labour departments to prepare for a smooth closure process.
Final Audit Preparation and Submission
Filing with RAK Authority for Approval
Once all documents are ready, we file your liquidation application with the RAK Economic Zone authority and liaise directly to secure approval.
Final Clearance and Liquidation Certificate Issuance
Key Scenarios of Bankruptcy Filing
Documents Required | Purpose |
| Trade license copy | Formal closure of insolvent companies |
| Shareholder resolution | Legal protection from creditors |
| Final audit report | Compliance with UAE Bankruptcy Law |
| Bank clearance letter | Confirms no outstanding bank liabilities |
| Visa and labour clearance letters | Confirms cancellation of all employee-related obligations |
Who Needs This Service?
- RAK companies ceasing operations – Businesses winding up and no longer continuing activities within Ras Al Khaimah.
- Businesses relocating outside RAK – Companies moving operations to another emirate or outside the UAE.
- Insolvent or bankrupt companies – Entities unable to meet financial obligations and seeking formal closure.
- Investors exiting partnerships – Shareholders or partners choosing to withdraw from joint business ventures.
- Companies restructuring corporate ownership – Organisations undergoing ownership changes requiring formal liquidation and re-registration.
Google Reviews from Dubai Clients
Why Choose Capital Closure for RAK
Direct Coordination with RAK Authorities
We work closely with RAK Economic Zone and free zone officials to ensure smooth processing, faster approvals, and complete compliance with liquidation regulations.
Proven Track Record in UAE Liquidations
Our experience spans numerous successful liquidations across the UAE, giving us the expertise to handle your RAK company closure efficiently and accurately.
Transparent Pricing with No Hidden Fees
We offer clear, upfront pricing so you know the exact cost from the start, avoiding surprises or unexpected charges during the process.
Experienced in Complex Legal Closures
From companies with multiple stakeholders to those with unresolved obligations, we are skilled at managing complex liquidation cases while meeting all legal requirements.
Remote Handling for Overseas Clients
We provide full remote support for overseas owners, managing every stage of the process without requiring your physical presence in the UAE.
Close Your RAK Company with Confidence
Frequently Asked Questions (FAQs)
How long does RAK liquidation take?
Can I liquidate my company remotely?
Do I need to submit a final audit?
What if I have unpaid debts?
Is a board resolution mandatory?
RAK Company Liquidation Made Simple & Compliant
Close Your RAK Business Without the Stress