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Trade License Cancellation Process in Dubai

For the winding up of a company, it is mandatory to cancel your trade license in Dubai, but everyone does not know how? Here OBKBC shares the complete information step by step to make you know how the cancellation process of trade license cancellation takes place in Dubai.<br>

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Trade License Cancellation Process in Dubai

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  1. Cancellation Process of Trade License in Dubai

  2. Conditions Required for the Cancelation Shareholding companies must clear all liabilities of creditors and others for the protection of their shares. Government bodies must know that you are not in business activities, it will prevent you from penalties and other problems. Clearance from government bodies required.

  3. Involvement of Government Bodies Immigration department approval. Relevant Ministry Approval Govt. Bodies Involve: water and electricity authority Clearance Approval. Closing of bank account.

  4. Process for Cancelling Trade License (for all companies) Cancellation Application Drafting of resolution Clearance Publication

  5. For Which Type of Companies Liquidator Appointed Private Joint Stock Company Simple Limited Partnership General Partnership Limited Liability Company Public Joint Stock Company

  6. Types of Closures for Freezone Summary Winding up Bankruptcy Creditor winding up

  7. Document Needed for Cancelation ● License Copy ● Copy of Memorandum of Association (MOA) with complete alterations. ● Power of Attorney (if you have any)● Resolution of Shareholder●Emirates ID (EID) and Passport of Shareholders●Filled Application Form for trade cancellation

  8. How Business Consultant Helps on Cancellation Process Business setup consultants are aware of all the procedures and practices followed in company trade license cancellation. Hire a business setup consultant for a hassle-free service.  

  9. OBK Business Centre Level 20, 48 Burj Gate Tower Dubai, UAE, P.O. BOX 36615 dubai.burjgate@obkbc.com Mobile number: +971 (0) 52 640 2550 Contact Us:

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