UAE

DAFZA Freezone Liquidation – (Legacy Structure)

Introduction

Closing a company in the Dubai Airport Freezone (DAFZA) under a legacy structure requires careful planning, regulatory alignment, and strict adherence to...
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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 .

Board Resolution for company liquidation

2 .

Shareholder Resolution approving liquidation

3 .

Copy of trade license

4 .

Passport copies of shareholders and managers

5 .

Emirates ID copies (if applicable)

6 .

No Objection Certificates (if required)

7 .

Audit report / Statement of affairs

8 .

Clearance letters from utilities, bank, and landlord

9 .

Liquidator appointment letter

Highlights & Benefits

Regulatory Clarity

Ensures full compliance with DAFZA regulations, minimizing legal risks and avoiding penalties during the closure of legacy-structured companies.

Streamlined Closure

A structured approach simplifies complex legacy liquidation procedures, ensuring each step is executed efficiently without unnecessary delays.

Liability Settlement

Facilitates proper closure of financial obligations, including debts, leases, and contracts, ensuring a clean business exit.

End-to-End Support

Professional handling of documentation, approvals, and coordination reduces internal workload and administrative stress.

Reputation Protection

Proper liquidation safeguards shareholder credibility and ensures a compliant and transparent exit from the market.

Process Flow

Board Resolution

Initiate liquidation with shareholder and board approval.

Appoint Liquidator

Engage an approved liquidator for formal proceedings.

Submit Application

File liquidation request with DAFZA authority.

Visa & Labour Clearance

Cancel visas, permits, and employee contracts.

Financial Settlement

Clear liabilities, bank accounts, and outstanding dues.

Audit Report Submission

Liquidator prepares and submits final report

Authority Clearance

Obtain NOCs from relevant departments.

License Cancellation

Final approval and company deregistration by DAFZA.

FAQs

1. How long does the DAFZA liquidation process take?

Typically between 6 to 12 weeks, depending on approvals.

2. Is appointing a liquidator mandatory?

Yes, an approved liquidator is required for compliance.

3. Can a company with liabilities be liquidated?

Yes, liabilities must be settled before final approval.

4. Are employee visas required to be cancelled first?

Yes, visa cancellation is mandatory before proceeding with liquidation.

Terms & Conditions

Government fees are subject to change in accordance with updates issued by DAFZA Freezone authorities.
The proposal includes end-to-end support, including coordination with relevant authorities.
All documentation will be handled on your behalf with minimal client intervention required.

Pricing Details

DAFZA Freezone Liquidation – (Legacy Structure)

Normal service

AED 13,370

Total

AED 13,370

Arnifi Price

AED 13,370

Note: The payment is prepaid.

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Full refund guarantee and no questions asked.

Pricing Details

AED 13,370

UAE

DAFZA Freezone Liquidation – (Legacy Structure)

Introduction

Closing a company in the Dubai Airport Freezone (DAFZA) under a legacy structure requires careful planning, regulatory alignment, and strict adherence to...
Read more

View Overview

Liquidation