Close your business legally. Eliminate future liability. Exit with certainty.

Closing a company in the UAE is a regulated, multi-authority process. A business is only considered closed once its license is cancelled and all regulatory clearances are complete.

Until then, the company remains legally active and financially exposed.

What Liquidation Actually Means

Liquidation is the formal process of

Settling all
liabilities

Reviewing financial
records

Obtaining government clearances

Cancelling licenses and registrations

Legally terminating the company

A liquidation report is mandatory to proceed with cancellation.

How the Liquidation Process Works

Liquidation follows a defined sequence. Each step must be completed before moving forward

Shareholder
Resolution

Formal decision to close the company

Financial Review & Liquidation Report

Assessment of assets, liabilities, and closure position

Regulatory
Clearances

Notify the FTA (VAT/Corporate Tax), cancel visas through Immigration, and inform other relevant authorities if applicable.

Bank Account
Closure

Mandatory confirmation that no financial exposure remains

Final Submission & License Cancellation

Company is officially deregistered

Packages and Transaction Coverage

Feature
Liquidation Report
Liquidation Starter
Liquidation 50
Use Case
No / minimal activity
No employees
Up to 50 employees
Financial Review
License Cancellation
Government Clearances
Visa Handling
Bank Closure Support
Timeline
7 days
5-9 weeks
9-16 weeks
Fees
AED 1,000
AED 9,000
AED 12,600

How to Decide

Liquidation Report
You only need the report to initiate closure

Starter
You want full closure with no employees involved

Liquidation 50
Your company has operations, staff, or higher complexity

What You Need to Start

Financial statements or transaction records

Bank
statements 

Shareholder
resolution 

Company
and signatory details 

Additional documentation may be required depending on business activity. 

Liquidation

Login to
the customer portal
Fill application
details and make payment
Select Meydan+ and Liquidation Report service
Receive
Liquidation
Documents

Audited financial statement

Sales invoice

Purchase invoice

Bank statement

Expenses invoices

Bank closure letter

Authorized Signatory CV

Details of salary paid (if applicable)

Details

Authorised signatory name

Phone number

Email address

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Questions? Answers.

Is liquidation required to close a company in Dubai?

Yes. A formal liquidation process is required for license cancellation.

Can I close my company without clearing VAT or Corporate Tax?

No. All tax obligations must be settled before closure.

How long does liquidation take?

From 7 days to 16 weeks depending on complexity and approvals.

What happens if I leave my company inactive?

The company remains legally active and may continue to incur penalties.

What documents are provided during the Meydan Free Zone liquidation process?

Depending on the selected service tier, the liquidation process provides essential documents including the Liquidation Report, Shareholders Resolution, clearance certificates from relevant government authorities (such as FTA, Customs, and DEWA), and the final Company & License Cancellation Certificates.

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