❎ This is what you need to do to close a LLC company in Dubai. Read below the steps to follow ⬇️

📌 No matter what type of business you own in Dubai, it is required to cancel the business license and all related permits associated with it when you have made the decision to liquidate the business.

“As per the UAE commercial companies’ law, it is mandatory for shareholders of any business to execute the company closure procedures and pay all required closure fees to the license issuing authority. If a license is left to lapse past the expiry date, monthly penalties would be applied in perpetuity and this can lead to a police/criminal case in the name of the shareholders against cumulated debt.” – our CEO – Marianna Bulbuc declared to The National

Find below a DIY Guideline on procedures and steps required for an LLC liquidation in Dubai ⬇️

❌ Step 1

Before starting cancelling your company’s license, all employment visas under the company must be cancelled. Once the visas are cancelled, all employees must have either exit the country or obtain a new employment visa under another company.

Steps for employment visa cancellation:

✔️ Employment visa Cancellation
✔️ Labor Cancellation typing
✔️ Labor Cancellation Submission
✔️ Immigration Cancellation

Check the below link to understand more about the final settlement calculation for employees:
https://government.ae/…/end-of-service-benefits-for-employ…/

❌ Step 2

After cancelling all employees visas, the company Labour Card must be cancelled at MOHRE.

❌ Step 3

Following the Labor Card Cancellation, the Immigration Card can be cancelled at GDRFA. If any partner’s visa is under the company, the procedure can be done after signing the Board Resolution between the shareholders to dissolve the company.

Steps for partner’s visa cancellation:

✔️ Partner’s visa cancellation
✔️ Visa cancelation at GDRFA

❌ Step 4

Start the license cancelation procedure at DED. During this process all partners presence or the authorized signatory’s presence with POA from partners are required at Dubai Notary Public to sign the Board Resolution for dissolving the company.

Steps for LLC License liquidation:

✔️ Labor card cancellation
✔️ Immigration card cancellation/Employee list cancellation
✔️ Board Resolution letter drafting
✔️ Notary Public signature/stamp on the Board Resolution letter
✔️ LLC liquidation certificate
✔️ Advertisement (notice of liquidation) in 2 local newspapers – 45 days
✔️ License cancellation
✔️ Audit report preparation

⚠️ IMPORTANT NOTES!

• If DED requires any NOC/Clearance letter from any external department, it has to be obtained and submitted at the DED during the final stage of document’s submission.

• License liquidation process takes approximately 50-55 days including the waiting period of 45 days for the newspapers advertisement.

📎 Index:
* LLC – Limited Liability Company
* GDRFA – General Directorate of Residency & Foreigners Affairs
* MOFA – Ministry of Human Resources and Emiratisation
* DED – Department of Economic Development in Dubai
* POA – Power of Attorney
* NOC – Non Objection Certificate

For any assistance regarding your LLC liquidation, give us a call or drop an email. We shall ASSIST and GUIDE you with pleasure through the entire process.

📧 hello@bizzmosis.com
☎️ +971 4 381 3934
📞 +971 52 979 8169