Close Your Company in an Orderly and Compliant Manner
Closing a business requires more than allowing the licence to expire.
Employees, immigration records, leases, utilities, taxes, bank accounts and authority requirements may all need to be addressed. Krest Business coordinates the closure process and helps maintain a clear record of completed steps.
How do I close a company in the UAE and cancel its licence?
Closing a UAE company normally involves settling liabilities, cancelling employee and immigration files, obtaining authority clearances, deregistering for VAT and Corporate Tax where registered, and cancelling the trade licence. Krest Business reviews the company's position, sequences the required steps and coordinates the clearances and deregistrations so that the closure is completed on record rather than left dormant.
Our Liquidation & Closure Support
- Initial closure review and action plan
- Shareholder-resolution and liquidator coordination, where required
- Licence-cancellation process coordination
- Employee, work-permit and immigration cancellation support
- Lease, utility and service-provider clearance coordination
- Final accounting and outstanding-balance review
- VAT and Corporate Tax deregistration support
- FTA filing and document coordination
- Bank-account closure-document support
- Final authority clearances and record compilation
The correct sequence depends on the legal form, licensing authority, employees, tax registrations and outstanding liabilities. A closure review should be completed before taking irreversible steps.