SHAMS License Liquidation (Legacy Structure)

Assessment of historical records and compliance status under the SHAMS liquidation process.

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

Assignment of an approved professional to oversee reporting and compliance.

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 SHAMS liquidation process.

Cancellation of all employee, investor, and dependent visas.

Closure of establishment card with relevant authorities.

Closure of company bank account by shareholders.