When a UAE company is wound up, whether voluntarily, following a board resolution, or as a result of regulatory action, the liquidation process requires an independently prepared and audited set of final financial statements and a liquidation report accepted by the relevant authority. For free zone entities, each authority, JAFZA, IFZA, DMCC, Meydan and others, has its own specific requirements for the format, content and audit standard of the liquidation report required before a licence can be formally cancelled.
CashLaw Global prepares liquidation reports for UAE mainland and free zone companies across all stages of the winding-up process, from the preparation of final financial statements and settlement of outstanding creditor obligations through to the submission of the completed liquidation report to the relevant authority and confirmation of licence cancellation. Our team is familiar with the specific requirements of each major UAE free zone and the DED, and we manage the authority liaison process directly on behalf of our clients.
Book a free consultation with our team and get expert guidance on liquidation reports in the UAE.
Book Free ConsultationTo legally cancel a commercial license and dissolve an entity (whether Mainland or Free Zone), the registration authorities require an official financial liquidation report prepared by a registered, approved liquidator. This report certifies that all corporate assets have been liquidated and all outstanding liabilities have been fully settled.
The process typically spans 45 to 90 days. It requires a formal board resolution, public notice publication in local Arabic and English newspapers for a mandatory 30-day notice period to allow for potential creditor claims, and the final issuance of the liquidation certificate.
Yes. Prior to final license cancellation, the company must file a final, pre-liquidation Corporate Tax return, settle any outstanding tax liabilities, and formally apply for Corporate Tax de-registration through the FTA's EmaraTax portal to avoid a late de-registration penalty of AED 10,000.