UAE

Ajman Freezone Liquidation (Revenue Generating Operational Entity)

Introduction

For businesses operating in the Ajman Freezone, deciding to close an active company requires more than a simple administrative request. The Ajman Freezone...
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View Overview

Liquidation

Documents required

1 .

Board Resolution for Liquidation

2 .

Trade License Copy

3 .

Memorandum of Association (MOA)

4 .

Shareholder and Director Passport Copies

5 .

Emirates ID Copies (if applicable)

6 .

Bank Account Closure Letter

7 .

Liquidation Report (Auditor Signed)

8 .

No Objection Certificates from Relevant Authorities (NOCs)

9 .

Visa Cancellation Proof

10 .

Establishment Card Cancellation Proof

11 .

VAT Deregistration Certificate (if applicable)

12 .

Corporate Tax Deregistration Proof (if applicable)

Highlights & Benefits

Structured closure framework

The Ajman Freezone Liquidation Process follows a clear step-by-step structure, ensuring smooth execution.

Full regulatory compliance

Covers all approvals, audits, and authority clearances required for proper company closure.

End-to-end documentation handling

Includes preparation and submission of all required documents with minimal client involvement.

Visa and immigration clearance

Ensures all visas and establishment records are cancelled without pending liabilities.

Reduced risk of penalties

Helps avoid fines or restrictions that may arise from incomplete liquidation.

Process Flow

Bank Account Closure

Close all company bank accounts and obtain official confirmation as part of the Ajman Freezone Liquidation Process.

Apply for Liquidation Initiation

Submit a formal request to initiate the Ajman Freezone Liquidation Process along with the required company documents.

Liquidation Report Preparation

An authorised auditor prepares the liquidation report, which is mandatory for proceeding further.

Visa Cancellation

Cancel all active visas, including employees and dependents, linked to the company

Establishment Card Cancellation

Cancel the establishment card after completing visa-related formalities.

Final License Cancellation

The authority cancels the company license, marking the official closure of the business.

VAT & Corporate Tax Deregistration

Complete tax filings and deregistration as part of the Ajman Freezone Liquidation Process.

FAQs

Can a revenue-generating company be liquidated in Ajman Freezone?

Yes, but the Ajman Freezone Liquidation Process includes additional steps such as audits and liability settlements.

Is an audit report required?

Yes, an authorised liquidation report is mandatory for license cancellation.

Do visas need to be cancelled before closure?

Yes, all visas must be cancelled before proceeding with the final license cancellation.

How long does the liquidation process take?

The Ajman Freezone Liquidation Process typically takes a few weeks, depending on approvals and documentation.

Terms & Conditions

In case of additional licenses or additional fees due to a change in rules, etc. Arnifi would inform the client and raise an invoice towards the excess amount.
The total time taken and the project plan share are indicative and would depend on the readiness of documents, resolutions, POAʼs and shareholder availability for review and travel to the UAE for signing, medicals and other formalities.
The payment terms is 100% advance towards the government and Freezone fee

Pricing Details

Ajman Freezone Liquidation (Revenue Generating Operational Entity)

Normal service

AED 13,750

Total

AED 13,750

Arnifi Price

AED 13,750

Note: The payment is prepaid.

Pricing Details

AED 13,750

UAE

Ajman Freezone Liquidation (Revenue Generating Operational Entity)

Introduction

For businesses operating in the Ajman Freezone, deciding to close an active company requires more than a simple administrative request. The Ajman Freezone...
Read more

View Overview

Liquidation