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Official closing of business

A large part of closing business in Dubai deals with final compensation for employees. The owner or owners of the company will have to cancel their employees’ visas as well as their work permits. This requires coordination with both the Department of Naturalisation and Residency and the Ministry of Labour. As per UAE labour law, employers are required to give their employees a two month, paid notice period before terminating their contracts. In many cases, employees can keep their residency visas until the company’s trade licence runs out.


Apart from finalising labour contracts, it is also necessary to formally cancel any subscribed utilities, including cancelling your account with DEWA and Etisalat or du and retrieving your deposits. Office or warehouse leases will also have to be honoured.

 

Published Date : 27/04/2015Back

RELATED GOVERNMENT ENTITIES

Department of Economic Development
Dubai Electricity & Water Authority
Ministry of Labour
General Directorate of Residency and Foreigners Affairs
Dubai Courts
Ministry of Justice

RELATED PRIVATE LINKS

Etisalat
Du

RELATED TOPIC LINKS

How to leave the UAE correctly - The National newspaper
Points to ponder before you leave - The National newspaper

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