UAE

KEZAD License Liquidation (Legacy Structure)

Introduction

Closing a legacy-structured company in KEZAD involves a more detailed compliance process compared to standard entity liquidation. These companies were often...
Read more

View Overview

Liquidation

Documents required

1 .

Board Resolution for Liquidation

2 .

Trade License Copy

3 .

MOA / AOA Copies

4 .

Shareholder and Director Passport Copies

5 .

Emirates ID Copies (if applicable)

6 .

Bank Account Closure Letter

7 .

Audited Liquidation Report

8 .

Visa Cancellation Proof

9 .

Establishment Card Cancellation Proof

10 .

Corporate Tax Deregistration Proof (if applicable)

Highlights & Benefits

Specialised handling for legacy entities

Addresses older licensing structures and historical compliance requirements.

Regulatory alignment with current frameworks

Ensures legacy records are reconciled with updated authority standards.

Comprehensive financial closure

Includes audit reporting and settlement of outstanding liabilities.

Authority-coordinated execution

Manages approvals and documentation with KEZAD authorities.

Reduced compliance and legal risk

Prevents penalties or issues arising from outdated records or incomplete closure.

Process Flow

Bank Account Closure (To be done by the client)

Close all corporate bank accounts and obtain confirmation before initiating the process.

Notification to KEZAD Authorities

Submit a formal liquidation request along with a board resolution confirming intent to liquidate.

Liquidation Report Preparation

An appointed auditor prepares the liquidation report required for license cancellation.

Visa Cancellation (If Applicable)

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

Establishment Card Cancellation

Cancel the establishment card after completing the visa and exit formalities.

Final License Cancellation

KEZAD authority cancels the company license, marking official closure.

Corporate Tax Deregistration

Complete final corporate tax filings and deregistration where applicable.

FAQs

What is a legacy structure in KEZAD?

It refers to companies incorporated under older regulatory frameworks requiring additional compliance checks.

Is liquidation more complex for legacy companies?

Yes, due to historical record verification and alignment with current regulations.

Is an audited liquidation report required?

Yes, it is mandatory to complete the KEZAD liquidation process.

How long does the process take?

The KEZAD liquidation process may take a few weeks, depending on complexity and approvals.

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

KEZAD License Liquidation (Legacy Structure)

Normal service

AED 11,250

Total

AED 11,250

Arnifi Price

AED 11,250

Note: The payment is prepaid.

100% Money Back Guarantee

Full refund guarantee and no questions asked.

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Never miss a deadline

Compliance calendar integrated in your dashboard

24×7 Operational Support

Round-the-clock support for all clients available every day, any time.

Pricing Details

AED 11,250

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+971-58-5054423

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+44 20 7946 0958

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UAE

KEZAD License Liquidation (Legacy Structure)

Introduction

Closing a legacy-structured company in KEZAD involves a more detailed compliance process compared to standard entity liquidation. These companies were often...
Read more

View Overview

Liquidation