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How to Cancel a Dubai Mainland License
When the time comes to close down a business in Dubai Mainland, understanding the process of license cancellation is crucial. Depending on the type of company structure, the cancellation process can vary, with specific requirements and timelines that must be adhered to.
LLC Company License Cancellation
For a Limited Liability Company (LLC) in Dubai, the license cancellation involves a two-stage process:
Newspaper Liquidation
The first stage involves announcing the liquidation of the company in a local newspaper. This public notice period is essential, as it allows any creditors to come forward and settle any outstanding claims. After the newspaper publication, a mandatory waiting period of 45 days is required before you can move on to the next stage.
Final Cancellation
After the 45-day waiting period, the final cancellation can be initiated. This stage involves finalizing all necessary paperwork and obtaining the required approvals to officially close the business.
Normal License Cancellation
For businesses with a normal license, the cancellation process is more straightforward and typically involves a single stage:
Liquidation Newspaper & License Cancellation
In this process, the shareholder(s) must be present. The business must publish a liquidation notice in a newspaper and submit the necessary documents, including an auditor report, notarized minutes of the general assembly, and the liquidator’s documents. The residency visas linked to the company must also be canceled, and a clearance letter from immigration confirming no active visas is required. If all requirements are met, and there are no conflicts, the process is usually completed within the same day.
Requirements for License Cancellation
To successfully cancel a Dubai Mainland license, the following documents and actions are required:
- Auditor report.
- Notarized minutes for the general assembly appointing the liquidator.
- Liquidator documents, including the license, accountant registration certificate, and notarized signature form.
- No objection certificate from relevant authorities.
- Cancellation of all residency visas linked to the company.
- Clearance letter from immigration stating no active visas.
- Presence of shareholders during the process or a Power of Attorney (POA) if they cannot attend.
How Can Choose UAE Help
At Choose UAE, we offer comprehensive support throughout the entire license cancellation process. Whether it’s an LLC or a normal license, our experts ensure that every step is handled efficiently, from document preparation to final approval, allowing you to close your business in Dubai Mainland with confidence. Let us guide you through the process to ensure a smooth and hassle-free experience.
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