UAE

Ajman Freezone Liquidation (Legacy Structure)

Introduction

Closing a company in Ajman Free Zone under a legacy structure requires a structured approach that aligns with regulatory requirements and financial compliance....
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View Overview

Liquidation

Guides & Resources

Access Liquidation Process Flow

Liquidation Process Flow

Access Required Documents Checklist

Required Documents Checklist

Documents required

1 .

Trade License copy

2 .

Shareholders’ Resolution for liquidation

3 .

Passport copies of shareholders

4 .

Emirates ID copies (if applicable)

5 .

Visa cancellation proof (if any visas issued)

6 .

Lease agreement copy (if applicable)

7 .

No Objection Certificates from relevant authorities (NOCs)

8 .

Audited financial statements (if required)

9 .

Clearance certificates (utilities, telecom, etc.)

Highlights & Benefits

Regulatory Clarity

Ensures full compliance with Ajman Free Zone regulations, reducing the risk of penalties or delays during the company closure process for legacy business structures.

Structured Exit

Provides a clear roadmap for business closure, including financial settlement, license cancellation, and approvals, making the Ajman Freezone Liquidation Process smooth and predictable.

Liability Closure

Helps in settling all outstanding liabilities, including employee dues, vendor payments, and government obligations before final deregistration.

Time Efficiency

With expert handling, the liquidation timeline is optimized, avoiding unnecessary back-and-forth with authorities and ensuring faster approvals.

End-to-End Support

Professional assistance covers documentation, coordination, and submission processes, minimizing effort and ensuring accurate completion of every liquidation requirement.

Process Flow

Initial Assessment

Review company status, structure, and outstanding obligations before initiating the Ajman Freezone Liquidation Process.

Board Resolution

Pass a shareholder resolution approving company liquidation and appointing a liquidator.

Liquidator Appointment

Assign a registered liquidator to oversee financial review and compliance requirements.

Financial Audit

Prepare and submit audited financial statements (if required by authority).

Clearances & NOCs

Obtain necessary clearances from immigration, utilities, and other departments.

Visa Cancellation

Cancel all employee and partner visas linked to the company.

License Cancellation

Submit application for trade license cancellation with Ajman Free Zone.

Final Approval

Receive confirmation of liquidation and company deregistration from authorities.

FAQs

How long does the liquidation process take?

Typically 4–8 weeks depending on approvals and company status.

Is audit mandatory for legacy companies?

Yes, audits are usually required for legacy structured companies.

Can liquidation start with active visas?

No, all visas must be cancelled before proceeding.

Are penalties included in the process?

No, any existing fines must be cleared separately.

Terms & Conditions

Total price excludes 5% VAT.
Government fees are subject to change as per Ajman Free Zone updates.
End-to-end support includes coordination with relevant authorities.

Pricing Details

Ajman Freezone Liquidation (Legacy Structure)

Normal service

AED 10,150

Total

AED 10,150

Arnifi Price

AED 10,150

Note: The payment is prepaid.

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Pricing Details

AED 10,150

UAE

Ajman Freezone Liquidation (Legacy Structure)

Introduction

Closing a company in Ajman Free Zone under a legacy structure requires a structured approach that aligns with regulatory requirements and financial compliance....
Read more

View Overview

Liquidation