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 : 20/02/2013Back
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

THIS LIFE EVENT SUPPORTED BY
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Life Events Top Category

Businesses

Individual Life Events

Exiting your business in Dubai

Sublife Event Title

Official closing of business

Life Events Supporting Partners

Department of Economic Development

Rank

1

Published Date

07/06/2011

ExpiryDate

06/06/2017

AlertDays

0

Body

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.

 

 

Life Event Banner

Related Government Entity

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

Related Topics

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

Related Private Links

Etisalat; Du

Number of Ratings

0

Rating (0-5)

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AlertUpdateDate

20/02/2013

AlertNewDate

07/06/2011

TopCategory:TopCategoryArabic

لقطاع الأعمال

TopCategory:TopCategoryEnglish

Businesses

ArticleCategory:CategoryArabic

إلغاء نشاط تجاري في دبي

ArticleCategory:CategoryRank

25

ArticleCategory:CategoryIconURL

/Article Category Icons/bsns_exiting_bsns.jpg

ArticleCategory:CategoryEnglish

Exiting your business in Dubai

ArticleCategory:ShowOnHomePage

No

GovernmentEntity:ArabicURL

http://www.dubaided.gov.ae/en/pages/default.aspx; http://www.dewa.gov.ae/; http://www.mol.gov.ae/; http://www.dnrd.ae; http://www.dubaicourts.gov.ae/; http://ejustice.gov.ae/portal/page/portal/eJustice%20MOJ%20Portal

GovernmentEntity:EnglishURLText

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

GovernmentEntity:EnglishURL

http://www.dubaided.gov.ae/ar/pages/default.aspx; http://www.dewa.gov.ae/; http://www.mol.gov.ae/; http://www.dnrd.ae; http://www.dubaicourts.gov.ae/; http://ejustice.gov.ae/portal/page/portal/eJustice%20MOJ%20Portal

GovernmentEntity:ArabicURLText

دائرة التنمية الاقتصادية; هيئة كهرباء ومياه دبي; وزارة العمل; الإدارة العامة للإقامة وشؤون الأجانب - دبي; محاكم دبي; وزارة العدل

PrivateLinks:ArabicURLText

اتصالات; دو

PrivateLinks:ArabicURL

http://www.etisalat.ae/; http://www.du.ae/

PrivateLinks:EnglishURLText

Etisalat; Du

PrivateLinks:EnglishURL

http://www.etisalat.ae/; http://www.du.ae/

TopicLinks:EnglishURLText

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

TopicLinks:EnglishURL

http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100424/PERSONALFINANCE/704239933&SearchID=73388732770634; http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100424/PERSONALFINANCE/704239923&SearchID=73388733037161

TopicLinks:ArabicURLText

كيف تغادر دولة الإمارات بصورة صحيحة - مقالة من صحيفة "ذا ناشيونال"; بعض النقاط التي يجب التفكير بها قبل مغادرة الإمارات - مقالة من صحيفة "ذا ناشيونال"

TopicLinks:ArabicURL

http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100424/PERSONALFINANCE/704239933&SearchID=73388732770634; http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100424/PERSONALFINANCE/704239923&SearchID=73388733037161

ArticleSupDepart:ImageName

bsns_change_bsns_strct

ArticleSupDepart:DepartmentURL

http://www.dubaided.gov.ae/en/Pages/default.aspx

ArticleCategory:AdditionalTopCategory

 

ArticleCategory:ID

25

ArticleCategory:RankCitizen

0

ArticleCategory:RankResidents

0

ArticleCategory:RankBusinesses

4

ArticleCategory:RankVisitors

0

ModificationDt

20/02/2013

MobileRank

0

Attachments

Created at 07/06/2011 11:47 by Ali Developer
Last modified at 20/02/2013 13:28 by Atef AlRifai