COMPANY TERMINATION
The process of terminating a company is complex due to the requirements for supporting documents. For example
If the business holds a trading license, a Non Objection Certificate (NOC) from the Customs Authority is required irrespective of the company holding a customs code or not
In case the activity or product traded is regulated, an NOC from the relevant regulatory body has to be obtained - for example, trading of CCTV systems requires an NOC from Dubai Police's Civil Defense Department
Other common mandatory NOC requirements include service providers such as Telecommunication (Du or Etisalat), Utilities (Electricity and Water authorities), Landlords, Banks (no liability certificate and bank account closure certificate)
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The process of company termination involves
License cancellation
Visa cancellation
Company deregistration
VAT deregistration
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Desert Global offers holistic company termination services including:
Submission of the company termination request to the relevant licensing authority
Submission of a liquidator appointment letter
Drafting of Board’s Resolution
Managing bank account termination process
Obtaining NOCs from telecommunication and utilities authorities
Obtaining landlord clearance
Employees and employers visa cancellation
Obtaining of the Audit and Liquidation report
Managing company termination publication process
VAT De-registration
Collecting refunds of visa deposits and applying for refunds towards the shareholders personal account after getting the final closing certificates