Shutting down a company in Dubai involves more than just ceasing operations it requires a proper legal and financial wrap-up. From dissolving finances to meeting government compliance standards, the process can be complex. At The Capital Zone, we streamline the entire procedure for you from documentation to final settlements so you can exit your business with peace of mind.
Our certified professionals handle all the essential details from financial audits to report filing ensuring a smooth and compliant business closure.
At The Capital Zone, our deep experience and local insights help make your company closure simple and effective. Here’s why we’re the go-to firm:
Shareholders issue a notarized decision to dissolve the business.
An authorized professional reviews financials and manages the liquidation process.
Cancel employee and partner visas, and obtain required immigration approvals.
Shut down corporate bank accounts, cancel VAT registration, and clear tax dues.
Place a notice in two Arabic newspapers for 45 days to allow for creditor claims.
Acquire no-dues certificates from departments like customs, finance, and immigration.
Pay off all debts and distribute remaining funds to stakeholders.
Submit the final report from the liquidator to the concerned authority.
Deactivate the trade license and collect the official closure certificate.
To properly wind up a company in Dubai, certain legal and administrative documents must be submitted to the relevant authorities. At The Capital Zone, we help you gather and organize everything needed for a smooth and compliant closure. Here’s a breakdown of the key documentation:
The liquidator plays a central role in overseeing the complete shutdown of a business. At The Capital Zone, we appoint qualified professionals who take control of the liquidation process.
A liquidator must ensure that the closure process complies with UAE law and that all parties involved are properly informed and settled. Here’s what their duties typically involve:
Several elements impact the process, such as:
At The Capital Zone, we specialize in company liquidation across all major free zones in Dubai. Our team is well-versed in the specific rules and clearance procedures required by each zone, ensuring a smooth and compliant process.
We handle liquidation in zones including:
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 Design District (d3)
Dubai Production City (DPC)
Dubai Science Park (DSP)
We also offer end-to-end company closure services throughout Dubai’s primary mainland commercial areas. Whether your business is located in a central hub or a suburban district, we ensure a hassle-free liquidation experience.
Our mainland service areas include:
Bur Dubai
Deira
Business Bay
Sheikh Zayed Road
Al Quoz
Jumeirah
Al Karama
Dubai Marina
Al Barsha
Ras Al Khor
Al Qusais
Yes, shareholders do have the right to oppose the decision. However, this can result in delays or may require intervention through legal proceedings.
It’s an official document issued by authorities confirming that your company has been formally and legally dissolved.
The cost depends on multiple factors, including the type of business, its structure, and outstanding obligations. For a personalized quote, get in touch with our advisors at The Capital Zone.
The process usually takes between 1 to 3 months, depending on the nature of the business and how quickly clearances are obtained.
You’ll need to pass a shareholders’ resolution, appoint a licensed liquidator, settle any debts or dues, publish a public notice, and officially cancel the trade license.
Begin with a board resolution, assign a certified liquidator, take care of outstanding liabilities, notify stakeholders, and cancel the business license through the proper authorities.
Absolutely. Employees must be notified of the closure, and any pending salaries, benefits, or end-of-service payments should be cleared.
In such cases, the liquidator is responsible for selling company assets and using the proceeds to repay creditors before any distribution to shareholders.
Contact our team of financial experts for personalized assistance and support.
