Your business is your passion, livelihood and your career. In many ways, it’s your life and it may be a time to sell it. Are you planning on closing, retiring or going out of your business? More exciting and profitable than anything you have done before has been built for all your needs that retailers want.

Did you know that their proven marketing techniques, advertising tools, and promotional strategies to quickly and safely close your store and recover up to 100- 150% the cost of your inventory. Therefore, it is considered as an ultimate liquidation system to sell your store quickly. Thus, turning your inventory to 100% cash.

Do you wish to close your business?

The below steps are the take to close your business in Dubai to

Dissolve a company and appoint a liquidator

  • The first and foremost step is to Prepare notarised minutes of the general assembly meeting to confirm the company liquidation along with a notice of appointment of a liquidator
  • Applying for registration and license application cancellation form, and submit along with the liquidator's documents (a copy of the license, auditor registration certificate, a notarised signature specimen)
  • After the submission to the approved service centres, the DED will review the documents and issue a company dissolution and liquidators appointment
  • Payment voucher will be issued to pay the company dissolution and the liquidator appointment fees of AED 2,020. And pay fees and receive the certificate through approved service centres .Publish
  •  a notice of liquidation in local Arabic newspapers for one day only; the note should give the debtors a grace period of 45 days from the date of the notice to submit their claims.

Remove a Company from the Register

  • Company's final report must be prepared
  • Declaration letter from the liquidator and the partners indicating
  • NOC (45 days from the date of announcement)
  • Cancellation of Establishment card from Ministry of Human Resources and Emiratisation
  • Obtain the Ministry of Economy's decision (Applicable for private shareholding companies)
  • Obtain the Securities and Commodities Authority (Applicable for public shareholding companies)
  • Submitting all the above documents and requesting approval of DED legal advisor
  • Payment voucher will be issued to pay the deregistration fees of AED 3,020 and receive the certificate of deregistration