Liquidation of a Company/Legal Entity

Overview: If you decide to terminate your business, you need to liquidate your company/legal entity. If your company/legal entity has neither assets nor debts, it may be liquidated within the procedure of voluntary liquidation.

Main specifications:

• rapid liquidation of a company/legal entity
• deregistration from the UAE Trade Register
• only applicable when there are no assets/debts
• liquidator is appointed to keep the accounts of the company/legal entity

Purpose: Liquidation of a company/legal entity

Registering authority: UAE  Trade Register

Term of registration: 1-2 working weeks

Personal presence: Not required

Conditions for registration:

• Liquidator – 1 natural/legal person of any nationality/jurisdiction
• Absence of assets/debts

Required documents:

• Passport or European ID card (for all associated persons)
• Proof of residential address not older than 3 months (for all associated natural persons)
• Extract from the Trade Register not older than 3 months (for all associated legal persons)
• Signed Decision on the liquidation of a company/legal entity
• Final Balance Sheet