RAKEZ Liquidation Proposal (Legacy Structure)

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

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

Assignment of an approved professional to oversee reporting requirements.

Preparation and submission of liquidation report based on financial records.

Clearing all outstanding dues, penalties, and obligations.

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

Cancellation of all employee, investor, and dependent visas.

Closure of establishment card with relevant authorities.

Closure of company bank account by shareholders.