JAFZA Freezone Liquidation (Revenue Generating Operating Entity)

Corporate bank accounts must be fully closed before formal liquidation filings can commence. This step must be executed directly by the company's authorized bank signatories and typically requires 10 to 12 business days.

Operating entities that generated commercial revenue in the UAE are subject to active tax records with the Federal Tax Authority. Formal dissolution requires settling all outstanding VAT returns and Corporate Tax obligations before the tax accounts can be legally closed.

Yes. JAFZA regulations mandate that an approved auditor inspect the corporate records and issue a formal liquidation report confirming that the company possesses no outstanding claims or unfulfilled obligations.

The auditing, financial review, and drafting of the official liquidation report take approximately 10 to 12 business days.