1 / 7

A Guide to Trade License Cancellation in Dubai

A Guide to Trade License Cancellation in Dubai

Deepthi7
Download Presentation

A Guide to Trade License Cancellation in Dubai

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. A Guide to Trade License Cancellation inUAE CreatedBy Farahat &Co https://www.farahatco.net/

  2. Conditions forTrade LicenseCancellation It is very important to get clearance from the government authorities. This may avoid incurring any fines or penalties on your license when it is notrenewed upon itsexpiry. It is important for relevant government entities to knowthatyouarenolongerinthebusiness,soyou will avoid any accumulated fines and penalties incurred upon your license when it is not renewed upon the expirydate. If you are in a shareholding company, it isimportant to discharge your liabilities towards creditors and partners and protect your interests andshares. It is also wise to put your goodwill and business reputation in perspective if you decide to opena businessagain.

  3. PrimaryStep Approval from ministry authorized to undertake cancellation of tradelicense Closing of bankaccount Approval from the immigrationdepartment

  4. Companies that require a Liquidator General Partnership Limited Liability Company Simple Limited Partnership Public Joint StockCompany Private Joint StockCompany

  5. Steps to Cancel Trade License inUAE Stage 1 – Drafting ofresolution Preparetheboardofresolutionstoappointtheliquidatorforthelicensecancellation,alsopreparethecancellationcontract in the notarypublic Stage 2 – Application for cancellation of tradelicense Asthefirststage,therequiredpersonhastodraftanapplicationforcancellationoftradelicense. Stage 3 –Cancellation Cancellationofalltheemploymentvisasunderthetradelicenseandgetthenecessaryapprovals. Stage 4 –Publication Liquidationadvertisementistobepublished in twolocalnewspapers.ConfirmationoftheLiquidatorand Partnersthatthereisno objectionfromthethirdpartyduringthepublicationperiod. Stage 5 –Clearance Thevisaandcompany-establishedcardwillbecanceled,andtheownerwillreceiveclearancefromrelevantauthorities. MORE

  6. Top Company Liquidator inUAE Thewholeprocessfortradelicensecancellation in Dubaicanbesimpleifyouseekthehelpofaliquidationexpertin theUAE.FARConsulting Middle East and company are specialized in dealing with different liquidation processes including cancellation of trade license in Dubai. For quality, consultation, contact usnow.

  7. CONTACTUS Farahat &Co. WhatsApp Only: +971 526922588 WhatsApp & Phone: +971 554828368 Landline: +971 42500251 For Consultation:consultant@farahatco.com For Sales Enquiries:sales@farahatco.net

More Related