Free-zone Company Liquidation

AlFahad Tax Consultancies is committed to providing top notch company liquidation services, UAE.
Company liquidation, also known as company closing, is the process by which a company or firm shuts down all of its operations and distributes all of its assets and properties to its creditors and shareholders.
Closing a corporation or business is a difficult undertaking, but we have the knowledge and experience to assist you in a successful liquidation of your company or business. The procedure is also known as de-registration of the business. We can assist you in completing this difficult chore in any of the UAE’s free zones.
To totally close a business or organisation in the UAE, the following requirements must be met. While requirements may differ from one free zone to the next, the most of them will be the same.

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    Free Zone Company Liquidation Requirements

    • There must be no liabilities for the company.
    • All existing active visas must be canceled
    • All corporate bank accounts that are currently open must be closed.
    • Any assets at time of liquidation must be transferred to the shareholders or a third party
    • All fees and charges concerning the free zone authority must be cleared
    • The Free Zone Authority must grant immigration permission.
    • The company must prepare a resolution to liquidate and appoint a licensed liquidator to carry out the procedure
    • By creating a final Audit Report/Liquidation Letter, the liquidator must approve the course of action for the business’s liquidation and send confirmation that the company has no assets or obligations/liabilities.
    Required Clearances
    • Clearance certificate from relevant free zone authority
    • Clearance certificate from business unit
    • Clearance certificate from all utilities
    • Clearance certificate from any related authorities as per the regulated activity
    • Clearance for customs

    These are the free-zones in which we have a liquidator’s licence:

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