Closing a business in the UAE is not as simple as shutting down operations. It is a legal and regulated process that requires approvals from multiple government authorities, settlement of all liabilities, and official deregistration of the company license. Whether your business is registered in mainland Dubai, a UAE freezone, or offshore jurisdiction, liquidation must be handled with precision to avoid fines, penalties, or future restrictions.
At Nines Consultancy, we make this process clear and stress-free. Our experts ensure you meet every compliance requirement while protecting your reputation and financial standing.

Liquidating a mainland company in Dubai or Abu Dhabi involves a series of mandatory steps set by the Department of Economic Development (DED) and other government authorities. These include:

• Passing a shareholders’ resolution for liquidation.
• Appointing a court-certified liquidator in Dubai.
• Publishing an official liquidation notice in newspapers.
• Clearing all employee visas, labor contracts, and bank liabilities.
• Submitting a final audit report from the appointed liquidator.
• Deregistering the trade license with DED.

Mainland liquidation can be complex because multiple departments are involved – including DED, Ministry of Human Resources & Emiratisation, Immigration, and banks. Our role is to coordinate with all parties, prepare required documentation, and close your company in full legal compliance.

Every freezone in the UAE (DMCC, JAFZA, DAFZA, RAKEZ, and others) has its own rules and regulations for company closure. Freezone liquidation usually requires:

• Shareholders’ resolution to dissolve the company.
• Clearance from the relevant freezone authority.
• Cancellation of employee visas and residence permits.
• Settlement of outstanding utility and supplier payments.
• Submission of financial statements and audit reports.

The main advantage of freezone liquidation is that the process is relatively streamlined since most approvals are centralized within the freezone authority. However, if procedures are not followed correctly, penalties may apply. We work directly with the freezone authority on your behalf, ensuring a fast and hassle-free exit.

Offshore companies in the UAE (such as in JAFZA Offshore, RAK ICC, or Ajman Offshore) are governed by their respective registrars. Offshore company liquidation involves:

• Passing a board resolution for closure.
• Appointment of a registered liquidator.
• Submission of required declarations and final accounts.
• Clearance of financial obligations, including bank accounts.
• Removal of the company name from the registrar.

Since offshore entities are not permitted to trade within the UAE directly, the liquidation process is focused more on deregistration and financial clearance with the registrar. Our consultants ensure complete compliance so that your offshore business is closed without legal or financial complications.

Court-Certified Liquidators: We only work with approved and licensed auditors/liquidators.
Full Compliance: Avoid penalties, legal issues, or future restrictions.
Jurisdiction Expertise: Mainland, Freezone, and Offshore liquidation handled end-to-end.
Transparent Guidance: We simplify the process and keep you updated at every step.
Time-Saving: Our team manages the process so you can focus on your next venture.