UAE

RAKEZ Liquidation Proposal (Legacy Structure)

Introduction

RAKEZ Liquidation Proposal (Legacy Structure) refers to the structured procedure for closing companies incorporated under earlier regulatory frameworks within...
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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 (required for RAKEZ liquidation process)

2 .

Shareholders’ passport copies

3 .

Emirates ID copies (if applicable)

4 .

Board resolution for liquidation under RAKEZ liquidation process

5 .

No Objection Certificate (NOC)

6 .

Audited financial statements (if applicable)

7 .

Liquidation report

8 .

Visa cancellation documents (if applicable)

9 .

Establishment card copy

10 .

Bank account closure letter

Highlights & Benefits

Specialized Handling of Legacy Structures

Expert management of older company frameworks within the RAKEZ liquidation process.

End-to-End RAKEZ Liquidation Process

Complete support from initiation to final license cancellation.

Dedicated Liquidation Specialists

Experienced professionals ensuring compliance and accuracy.

Strong Authority Coordination

Efficient handling of approvals with RAKEZ and regulatory bodies.

Transparent Process & Timelines

Clear visibility into stages, timelines, and cost structure.

Process Flow

Legacy Structure Review & Documentation Check

Assessment of historical records, compliance status, and licensing framework under the RAKEZ liquidation process.

Initiation of Liquidation Request

Submission of board resolution and application to RAKEZ authority to initiate the RAKEZ liquidation process.

Appointment of Auditor / Liquidator

Assignment of an approved professional to oversee reporting requirements.

Liquidation Report Preparation

Preparation and submission of liquidation report based on financial records.

Settlement of Liabilities

Clearing all outstanding dues, penalties, and obligations.

Corporate Tax Filing & Deregistration

Completion of final tax filings as part of the RAKEZ liquidation process.

Visa Cancellation (If Applicable)

Cancellation of all employee, investor, and dependent visas.

Establishment Card Cancellation

Closure of establishment card with relevant authorities.

Bank Account Closure

Closure of company bank account by shareholders.

Final License Cancellation

RAKEZ authority issues final approval completing the RAKEZ liquidation process.

FAQs

What is the RAKEZ liquidation process for legacy structure companies?

The RAKEZ liquidation process is the procedure to close companies formed under older frameworks while ensuring compliance with current regulations.

Do legacy companies require additional checks?

Yes, historical records and prior compliance filings must be verified.

Is an auditor required for liquidation?

In most cases, yes, especially for legacy entities with financial history.

How long does the RAKEZ liquidation process take?

Typically takes 4–8 weeks depending on complexity and approvals.

Terms & Conditions

Total price exclude 5% VAT
Government fees are subject to change in accordance with updates issued by RAKEZ-Zone authorities.
The proposal includes end-to-end support, including coordination with relevant authorities

Pricing Details

RAKEZ Liquidation Proposal (Legacy Structure)

Normal service

AED 12,285

Total

AED 12,285

Arnifi Price

AED 12,285

Note: The payment is prepaid.

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Pricing Details

AED 12,285

UAE

RAKEZ Liquidation Proposal (Legacy Structure)

Introduction

RAKEZ Liquidation Proposal (Legacy Structure) refers to the structured procedure for closing companies incorporated under earlier regulatory frameworks within...
Read more

View Overview

Liquidation