UAE

SHAMS License Liquidation (Legacy Structure)

Introduction

SHAMS License Liquidation (Legacy Structure) is a structured compliance process for companies incorporated under earlier regulatory frameworks within Sharjah...
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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 (for SHAMS liquidation process)

2 .

Shareholders’ passport copies

3 .

Emirates ID copies (if applicable)

4 .

Board resolution for liquidation under SHAMS 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 companies under older SHAMS licensing frameworks.

End-to-End SHAMS Liquidation Process

Complete support from initiation to final closure.

Dedicated Liquidation Specialists

Experienced professionals ensuring compliance and accuracy.

Strong Authority Coordination

Efficient handling of approvals with SHAMS 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 and compliance status under the SHAMS liquidation process.

Initiation of Liquidation Request

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

Appointment of Auditor / Liquidator (If Required)

Assignment of an approved professional to oversee reporting and compliance.

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 SHAMS 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

SHAMS authority issues final approval completing the SHAMS liquidation process.

FAQs

What is the SHAMS liquidation process for legacy structure companies?

The SHAMS 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, a liquidation report is required for legacy entities.

How long does the SHAMS liquidation process take?

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

Terms & Conditions

Total price exclude 5% VAT
Any fines applicable on the liquidating company will be borne by the customer
Government fees are subject to change in accordance with updates issued by SHAMS-Zone authorities

Pricing Details

SHAMS License Liquidation (Legacy Structure)

Normal service

AED 10,250

Total

AED 10,250

Arnifi Price

AED 10,250

Note: The payment is prepaid.

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Pricing Details

AED 10,250

UAE

SHAMS License Liquidation (Legacy Structure)

Introduction

SHAMS License Liquidation (Legacy Structure) is a structured compliance process for companies incorporated under earlier regulatory frameworks within Sharjah...
Read more

View Overview

Liquidation