COMPANY CLOSURE & LIQUIDATION

Company closure (also called liquidation or deregistration) is the legal process of formally shutting down a business in the UAE.

Whether your company is Mainland (DED) or in a Free Zone, the government requires a strict, multi‑step procedure before a licence can be cancelled and all liabilities cleared.

WHAT IS COMPANY LIQUIDATION?

Liquidation is the process of:

– Cancelling the trade licence  

– Settling government fees  

– Cancelling visas  

– Closing labour & immigration files  

– Publishing liquidation notices (Mainland)  

– Preparing liquidation reports  

– Clearing outstanding liabilities  

– Closing bank accounts  

– Removing company from government records  

Once complete, the company legally ceases to exist.

TYPES OF CLOSURE WE HANDLE

1. Mainland (DED) Liquidation  

2. Free Zone Liquidation (IFZA, Meydan, DMCC, RAKEZ, UAQ, SPC, etc.)  

3. Branch Closure 

4. License Cancellation (sole establishment)  

5. Dormant company deregistration 

6. Voluntary liquidation  

7. Forced liquidation assistance

MAINLAND (DED) LIQUIDATION PROCESS

1. Board Resolution for Liquidation

Preparation & notarisation.

2. Liquidator Appointment

A qualified auditor must be appointed (VADA arranges this).

3. Initial Liquidation Report

Submitted to DED.

4. Liquidation Notice (45 days)

Published in:
2 local newspapers
Official Gazette (if applicable)

5. Visa & Labour Clearance

Cancel all employee visas
Cancel investor visas
Close labour file
Cancel establishment card

6. Bank Account Closure

Bank closure letter required.

7. Final Liquidation Report

Auditor prepares final report.

8. DED Final Approval & Licence Cancellation

Company officially dissolved.

FREE ZONE LIQUIDATION PROCESS

1. Closure Request Submission

Via Free Zone portal.

2. Board Resolution for Closure

Prepared and uploaded.

3. Visa Cancellation

Employee visas
Investor visas
Dependent visas

4. Lease & Office Clearance

Office contract closed with clearance certificate.

5. Bank Account Closure Letter

Required by all Free Zones.

6. No Liability Certificate

Free Zone verifies that:
No fines exist
No outstanding obligations

7. Final Certificate of Liquidation

Company removed from registry.

VISA & IMMIGRATION CLOSURE STEPS (ALL JURISDICTIONS)

1. Cancel all employee visas  

2. Cancel dependent visas  

3. Cancel partner/investor visas  

4. Clear labour file  

5. Cancel establishment card  

6. Close e-channel accounts (if applicable)

BANKING & FINANCIAL CLOSURE

– Bank account closure  

– Settlement of outstanding payments  

– Obtaining bank closure letter  

– VAT deregistration  

– Corporate tax deregistration  

– Final financial statements (if required)

Proccess

DETAILED STEP‑BY‑STEP PROCESS (COMBINED)

STEP 1 — Consultation & document review  

STEP 2 — Prepare board resolution  

STEP 3 — Appoint liquidator (Mainland only)  

STEP 4 — Apply for liquidation approval  

STEP 5 — Publish liquidation notices (Mainland)

STEP 6 — Cancel all visas  

STEP 7 — Close labour & immigration files  

STEP 8 — Obtain bank closure letter  

STEP 9 — Submit final liquidation report (Mainland)  

STEP 10 — Final approval & closure certificate  

REQUIRED DOCUMENTS:

Trade licence

MOA / AOA

Passport copies of shareholders

Emirates IDs

Board resolution

Bank closure letter

Lease clearance

Liquidator report

(if Mainland)

95%

Business Setup

79%

Tax Compliance

91%

Visa Services

100%

PRO Services

BENEFITS OF USING VADA FOR COMPANY CLOSURE

– Full Mainland & Free Zone expertise  

– Zero mistakes or missing steps  

– Fast liquidation process  

– Legal protection for shareholders  

– No risk of hidden fines  

– Full visa, labour & immigration cancellation  

– Proper accounting closure  

– Clear and final deregistration