Free Zone Company Liquidation in Dubai
Company Liquidation in Dubai
Dubai’s free zones come with great advantages like 100% foreign ownership, tax breaks, and smooth operations. But when it’s time to close a business, there are specific legal steps to follow. At Capital Closure, we make the free zone company liquidation process in Dubai simple and stress-free. From settling debts to securing government approvals, we handle everything, ensuring a smooth and compliant closure.
Why Liquidate a Free Zone Company?
Closing a free zone company can be a strategic decision for various reasons. Whether due to financial challenges, business expansion, or regulatory requirements, proper liquidation ensures compliance and prevents future liabilities.
Financial Challenge
When the company can no longer sustain operations.
Strategic Decisions
Business owners may close the company to realign or expand into new markets.
Regulatory Compliance
Ensuring the business is properly deregistered penalties liabilities
Our Free Zone Liquidation Services in Dubai, UAE
Our step-by-step process ensures smooth and compliant liquidation for your free zone business:
Resolution and Approval
- Draft and notarize shareholder resolutions according to free zone regulations.
Financial Obligations
-
Close corporate bank accounts.
Deregister VAT and settle outstanding tax dues.
Liquidator Appointment
- Assign a certified liquidator to audit finances, oversee asset sales, and prepare final reports.
Asset Liquidation
- Manage the sale of company assets, machinery, or inventory to resolve debts.
Clearance Approvals
- Secure necessary clearances from banks, customs, and the respective free zone authority.
Final Report Submission
- Submit the liquidator’s final report to the relevant free zone authority.
Visa Cancellation
- Cancel all employee, investor, and shareholder visas tied to the company.
Trade License Cancellation
-
Obtain the Certificate of Liquidation from
the free zone authority.
Why Choose Us for Free Zone Company Liquidation?
Capital Plus Auditing ensures that your business liquidation is smooth, compliant, and worry-free:
Specialized Expertise
Customized Solutions:
Quick Turnaround:
Documents Required for Freezone Liquidation in Dubai, UAE
To initiate the liquidation process, the following documents are required:
- Trade license copy.
- Shareholders’ resolution to liquidate.
- Final audit report.
- Bank and utility clearance certificates.
- VAT deregistration proof.
- Liquidator appointment letter.
Close Your Free Zone Company Without Delays
We handle deregistration, NOCs, final audit, and authority coordination across all UAE Free Zones ensuring a smooth, compliant business exit.
Free Zones We Serve in Dubai
We provide specialized liquidation services for all major free zones in Dubai. Each free zone has its own regulations, and we ensure compliance with their specific requirements
- Dubai Airport Free Zone (DAFZ)
- Jebel Ali Free Zone (JAFZA)
- Dubai Multi Commodities Centre (DMCC)
- Dubai Silicon Oasis (DSO)
- Dubai International Financial Centre (DIFC)
- Dubai Healthcare City (DHCC)
- Dubai Internet City (DIC)
- Dubai Media City (DMC)
- Dubai Knowledge Park (DKP)
- Dubai Design District (d3)
- Dubai Production City (DPC)
- Dubai Science Park (DSP)
- Dubai Maritime City (DMC)
- Dubai Studio City
- Dubai Textile City
- Dubai Auto Zone (DAZ)
- Dubai Flower Centre (DFC)
- Gold and Diamond Park
- Dubai Logistics City (DLC)
- Dubai South (Dubai World Central)
- International Humanitarian City (IHC)
- Dubai Outsource City
- Dubai International Academic City (DIAC)
- Dubai Techno Park
- Dubai Biotechnology and Research Park (DuBiotech)
- Dubai World Trade Centre Free Zone (DWTC)
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Frequently Asked Questions (FAQs)
Do I need to inform authorities before liquidation?
Yes, notifying the relevant free zone authority is required.
Can I liquidate my company if it has assets?
Yes, assets can be sold to cover liabilities.
Is there a cost for liquidation?
Yes, there are liquidation fees.
What if I miss the 20-day deregistration window?
FTA will impose an AED 10,000 penalty, which must be cleared before deregistration is approved.
Can I liquidate with ongoing contracts?
Yes, contracts must be terminated or transferred.
Do I need a liquidator?
Yes, a licensed liquidator is required.
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Free Zone Liquidation Simplified with Capital Closure
From final NOCs to government coordination, we close your Free Zone company quickly, correctly, and without the usual delays.
