Liquidation of a company in JAFZA within a short period of time after the expiration of the license
The client had a company registered in JAFZA, which had become irrelevant due to the restructuring of the business's logistics chains. In addition, the client and his family were planning to move to another country, as a result of which UAE residence visas were no longer required.
Client's task
The key difficulty was that the decision to liquidate the company was made after the license had expired, which significantly limited the time frame and required prompt and coordinated action. StableGrowz experts had already helped other clients liquidate companies in the UAE on numerous occasions, so they immediately took on the task.
Solution from StableGrowz
Our team immediately began implementing the project and developed a liquidation process in the shortest possible time:
The client's children's resident visas have been revoked.
01
The visas of the company's employees and the owner himself have been canceled.
02
All necessary permits have been obtained from Dubai Customs, including passing a special inspection.
03
Permit issued by the Roads & Transport Authority (RTA).
04
Corporate bank accounts were promptly closed.
05
The liquidation report has been prepared and submitted.
06
The official liquidation of the company in the free zone has been completed.
07
Following liquidation, the cancellation of corporate tax registration was initiated.
08
The closure of the company in the UAE was carried out without legal risks or lengthy downtime.
The result of StableGrowz's work
Despite the expired license and limited time frame, the company was completely and correctly liquidated in less than two months without further penalties or subsequent regulatory risks for the client. The client highly appreciated the speed, transparency of the process, and professional approach of Dubai's No. 1 business consultant, StableGrowz.
You can find other case studies from our experts here. You can find the latest news from the UAE on our blog.
You can find other case studies from our experts here. You can find the latest news from the UAE on our blog.
How to properly close a business in the UAE?
If you are facing a similar situation in your business and want to quickly close your company in the UAE, please contact us. We provide free consultations for businesses in the UAE, during which we analyze our clients' situations in detail and offer the best course of action. Book a convenient time for a consultation via the link.
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