Free zone company also required to go through certain process and clearances to complete the liquidation process in Dubai. If a company is a commercial one, it needs to get clearance from the customs but a company with the nature of service, may not require.
THE PROCESS INVOLVED IN COMPANY LIQUIDATION
- Prepare a Board Resolutions
- Fill up applications and letters
- Return all original documents to free zone
- Get a confirmation from liquidator that company being closed and it has no liability
- Seek for all clearances from departments
- Advertisements in newspaper (free zone)
- Bank account closure letter
- Cancellation of visas
- Final submission and liquidation certificates
Different free zones have different price system to follow for the liquidation of the companies. We are providing liquidation services in Dubai for free zone and offshore companies. Dubai South charges 4555 AED for closing the company (liquidation). The number of days it takes to close the company may depend on free zone to free zone.
