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Closing your Business - dda
Closing your Business
Prior to cancellation of your trade license of a company or branch, permanently, you must complete other cancellations with local and federal government entities too. The following documents are required based on your business type:
For sole proprietorship:
Cancellation of labor cards through the Ministry of Human Resources & Emiratisation.
For a civil company
Cancellation of labor cards through the Ministry of Human Resources & Emiratisation.
A duly notarized partnership termination contract.
Commercial Company
Notarized minutes of the General Assembly meeting confirming the company liquidation, and the appointment of a liquidator (whose name must be mentioned).
A letter issued by the liquidator accepting to liquidate the company along with their documents (copy of the license, auditor registration certificate, a notarized signature specimen).
Certificate of the company's dissolution and liquidator appointment, subject to the legal advisor's approval.
Announcement of liquidation in two Arabic local newspapers for one day only, allowing debtors 45 days to submit their claims.
Submission of the original newspaper in which the announcement was published as well as the company’s final report.
A declaration letter from the liquidator and the partners stating no objections were received from any other parties within 45 days from the date of the announcement.
Cancellation of labor cards through the Ministry of Human Resources & Emiratisation.
A copy of the minutes of the General Assembly meeting and a copy of the certificate of dissolution.
For the branch of a foreign company
The decision to liquidate the company from the Ministry of Economy's register.
An attested decision issued by the Board of Directors to cancel the company.
Cancellation of labor cards through the Ministry of Human Resources & Emiratisation.
For the branch of a local company
The decision of the Board of Directors to cancel the company.
Cancellation of labor cards through the Ministry of Human Resources & Emiratisation.
For the branch of a free zone company
The decision to delete the branches of the free zone companies registered with the Ministry of Economy.
An attested decision of the parent company to cancel the free zone company branches (for companies not registered with the Ministry of Economy).
Cancellation of labor cards through the Ministry of Human Resources & Emiratisation.
For a company whose license has expired for more than two years
An undertaking by the local partner that he is liable for the company’s debts.
Submission of the documents supporting the reason for the cancellation of the license (such as: a proof stating that the partner stayed outside the country for more than six months or that the partner's whereabouts is unknown).
Announcement of liquidation in widely circulated Arabic newspapers for one day only, with a 15-day grace period for debtors to submit their requests.
A completed undertaking stating that the company has no liabilities recorded and assuming full responsibility for the validity of such statement (the form is available at authorized service centers).
Submit the original newspaper in which the announcement of the company’s cancellation was published.
Cancellation of labor cards with the Ministry of Human Resources & Emiratisation.
Application for Deregistration
After submitting the required documents according to your company type, you need to visit the nearest service center to deregister your company.
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