UAE

SHAMS License Liquidation (Revenue-Generating Operating Entity)

Introduction

SHAMS License Liquidation (Revenue-Generating Operating Entity) is a structured compliance procedure for companies actively operating within Sharjah Media City...
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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

7 .

Liquidation report

8 .

Visa cancellation documents (if applicable)

9 .

Establishment card copy

10 .

Bank account closure letter

Highlights & Benefits

End-to-End SHAMS Liquidation Process

Complete handling from initiation to final company closure.

Dedicated Liquidation Specialists

Experienced professionals managing revenue-generating company liquidation.

Strong Authority & Auditor Network

Seamless coordination with SHAMS authorities and approved auditors.

Transparent Process & Timelines

Clear visibility into steps, timelines, and cost structure.

Efficient Documentation & Coordination

All paperwork and submissions managed with minimal client involvement.

Process Flow

Initiation of Liquidation Request

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

Appointment of Auditor & Financial Review

An approved auditor is appointed to review financial records under the SHAMS liquidation process.

Liquidation Report Preparation

Preparation and submission of the liquidation report based on audited financials.

Settlement of Liabilities

Clearing all outstanding dues including salaries, supplier payments, and penalties.

Corporate Tax Filing & Deregistration

Completion of final tax filings and deregistration 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 after settlement of financial obligations.

Authority Clearances

Obtaining approvals from SHAMS and associated entities.

Final License Cancellation

SHAMS authority issues final approval completing the SHAMS liquidation process.

FAQs

What is the SHAMS liquidation process?

The SHAMS liquidation process is the procedure to close a revenue-generating company after completing audits, settling liabilities, and obtaining approvals.

Is an auditor required for liquidation?

Yes, revenue-generating entities must submit audited financial statements and a liquidation report.

How long does the SHAMS liquidation process take?

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

Is bank account closure mandatory?

Yes, the company bank account must be closed before final license cancellation.

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 (Revenue-Generating Operating Entity)

Normal service

AED 12,855

Total

AED 12,855

Arnifi Price

AED 12,855

Note: The payment is prepaid.

100% Money Back Guarantee

Full refund guarantee and no questions asked.

Real Time Dashboard
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 12,855

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UAE

SHAMS License Liquidation (Revenue-Generating Operating Entity)

Introduction

SHAMS License Liquidation (Revenue-Generating Operating Entity) is a structured compliance procedure for companies actively operating within Sharjah Media City...
Read more

View Overview

Liquidation