License Cancellation in the UAE
When it comes to conducting business in the UAE, it’s important to understand the process of license cancellation. Whether you’re closing down your business or changing your business structure, proper cancellation is necessary to avoid any legal issues and financial liabilities.
Reasons for License Cancellation:
- Closure of the business
- Change in business activities
- Transition to a different legal structure
- Non-compliance with regulations
Steps for License Cancellation:
- Notify Relevant Authorities: Inform the Department of Economic Development (DED) or relevant free zone authority about your intention to cancel your license.
- Clear Outstanding Obligations: Settle any pending dues, including taxes, fees, and employee entitlements, to avoid complications during the cancellation process.
- Submit Required Documents: Prepare and submit all necessary documentation for cancellation, which may include:
- Trade license
- Shareholder resolution for closure
- No Objection Certificate (NOC) from relevant authorities
- Evidence of settled obligations (e.g., clearance certificates)
- Complete Cancellation Procedures: Follow the prescribed procedures set by the DED or free zone authority, which may involve inspections and approvals from other government departments.
- Obtain Cancellation Certificate: Once all steps are completed, you will receive a cancellation certificate confirming that your trade license has been officially revoked.
Get Professional Assistance
Navigating the license cancellation process can be complex. Our team of experts is here to assist you with all the necessary paperwork and ensure a smooth cancellation process. We will help you coordinate with the relevant authorities and make sure all requirements are met.
If you need help with license cancellation or have any questions about the process, please contact us for professional guidance and support.