JAFZA Company Liquidation
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JAFZA COMPANY LIQUIDATION & CLOSURE SUPPORT
Closing a company registered with Jebel Ali Free Zone (JAFZA) involves more than simply cancelling a licence. Companies may need to complete financial, lease, customs, utility and other clearances, prepare the required corporate documents and submit the termination request through the applicable JAFZA process.
Elevate Accounting & Auditing provides JAFZA liquidation advisory and professional support to businesses planning to close their JAFZA company.
Our team can help you understand the applicable requirements, prepare documentation and coordinate the professional and administrative work involved in the closure process.
*We are a private professional services firm and are not a government entity or government portal. Final approvals, clearances and company termination remain subject to JAFZA and the relevant authorities.
WHEN DO YOU NEED JAFZA COMPANY LIQUIDATION?
A company may need to go through a formal termination process when its owners decide to close the business and discontinue its operations in JAFZA.
Depending on the company structure and circumstances, the process can involve:
- ✓Company termination and deregistration
- ✓Liquidator appointment and documentation
- ✓Settlement of outstanding dues
- ✓Lease and facility termination
- ✓Visa-related clearance
- ✓Customs clearance
- ✓DEWA clearance, where applicable
- ✓RTA clearance, where applicable
- ✓Telecommunications clearance
- ✓Preparation of liquidation documentation
- ✓Submission of the required termination request
*Note: The exact requirements depend on the company type and circumstances.
JAFZA LIQUIDATION ADVISORY SERVICES
Every company closure has its own requirements. Elevate provides professional support to help you understand and manage the administrative and documentation aspects of the process.
Company Closure Advisory
Understand JAFZA closure requirements, documentation, clearances, and key process steps.
Liquidation Documentation Support
Prepare and organise the corporate documents required for your JAFZA closure.
Financial Clearance Support
Review outstanding dues and organise the accounting work needed for closure.
Audit & Liquidation Support
Get accounting and audit support for your JAFZA liquidation requirements.
Regulatory & Compliance Support
Identify relevant compliance requirements and documentation needed to close your company.
Administrative Coordination
Coordinate documents and professional requirements across the JAFZA closure process.
JAFZA LIQUIDATION PROCESS BREAKDOWN
The exact process depends on the company's legal structure, lease arrangements and current status. In general, the process can involve the following stages:
Review the Company Status
The first step is to review the company's JAFZA registration, licence, leases, outstanding dues, employees and other relevant obligations.
This helps establish what needs to be completed before termination.
Prepare the Corporate Documents
Depending on the company structure, JAFZA may require documents such as a shareholder or board resolution relating to the company's closure and appointment of a liquidator.
For FZE and FZCO companies, JAFZA's current company termination guidance lists the original Certificate of Formation, original share certificate where applicable, the resolution appointing the liquidator and a liquidation report among the required documents.
Complete Required Clearances
The company may need to settle outstanding amounts and obtain relevant clearances.
JAFZA's published requirements include, where applicable:
- ✓JAFZA Finance clearance
- ✓RTA clearance
- ✓Customs clearance
- ✓DEWA final bill clearance for applicable warehouse and plot arrangements
- ✓Etisalat clearance
- ✓Visa clearance through the relevant JAFZA administration process
Complete Lease & Facility Requirements
If the company has leased premises or facilities, lease termination requirements may also apply.
These can include submitting the lease termination form, returning keys and completing applicable facility-related requirements.
Submit the Company Termination Request
JAFZA's current process allows customers to log in to the Dubai Trade Portal, navigate to Registration → Company Termination, and submit a new request with the required documentation.
Complete the Termination
Once the applicable requirements have been met and the request has been processed, the company can complete the JAFZA termination process.
JAFZA currently lists a processing time of 21 working days for its Company Termination service, although additional requirements may affect the overall timeline.
DOCUMENTS REQUIRED FOR JAFZA COMPANY CLOSURE
The documents required depend on the company structure and its specific circumstances.
For FZE and FZCO companies, JAFZA currently lists documents including:
- ✓Original Certificate of Formation
- ✓Original share certificate, where applicable
- ✓Resolution regarding appointment of the liquidator
- ✓Liquidation Report
- ✓Applicable clearance documents
- ✓Lease termination documentation, where applicable
For branches, JAFZA lists a resolution from the parent company, notarised and attested as applicable.
For JAFZA offshore company termination, the published requirements include an agent's request letter, shareholder resolution, original MOA, original formation certificate, liquidation report and liquidation statements, along with the liquidator's licence copy.
Note: JAFZA states that the Registrar may request additional documents where necessary.
JAFZA COMPANY LIQUIDATION COSTS
The applicable costs depend on the company type and the termination requirements involved.
For FZE and FZCO companies, JAFZA currently lists:
for de-registration
for advertisement, plus 5% VAT
Additional costs may apply depending on the company's circumstances, leases, outstanding obligations and other requirements.
For offshore companies, JAFZA currently lists AED 5,000 for termination and AED 1,500 for advertisement, plus 5% VAT.
Fees and requirements can change, so the applicable JAFZA charges should be confirmed at the time of submitting the termination request.
WHY BUSINESSES CHOOSE PROFESSIONAL JAFZA LIQUIDATION SUPPORT
A company closure can involve several documents, clearances and professional requirements.
Professional support can help you:
- ✓Understand the applicable closure requirements
- ✓Organise company documentation
- ✓Review outstanding accounting matters
- ✓Prepare relevant liquidation documentation
- ✓Coordinate audit and accounting work
- ✓Track required clearances
- ✓Reduce avoidable documentation issues
- ✓Keep the closure process organised
*Note: The exact scope of support depends on your company structure and its current position.
FREQUENTLY ASKED QUESTIONS
JAFZA currently lists 21 working days as the processing time for its Company Termination service. The complete closure timeline may be longer depending on clearances, documentation, outstanding dues and other requirements.
In certain circumstances, yes. JAFZA states that a licence can be independently cancelled when a client has more than one licence. Separate requirements apply to licence termination.
JAFZA's Company Termination requirements include a liquidator appointment resolution and liquidation report for FZE and FZCO companies. The exact requirements depend on the company type and applicable process.
Outstanding amounts may need to be settled before the termination can be completed. JAFZA's requirements include Finance clearance and other applicable clearances before company termination.
Elevate can provide professional accounting, audit, documentation and liquidation advisory support. The formal termination, approvals and regulatory decisions remain with JAFZA and the relevant authorities.
Need Help With JAFZA Company Closure?
Planning to close your JAFZA company?
Speak with Elevate Accounting & Auditing about your JAFZA liquidation requirements.
Our team can review your situation, explain the applicable process and help you organise the accounting, audit and documentation work involved in the closure.
Get in touch with Elevate today.
IMPORTANT DISCLAIMER
Elevate Accounting & Auditing is a private professional services firm. We are not a government entity, government portal or government authority. Our services provide professional accounting, audit, liquidation and administrative advisory support. JAFZA and other relevant authorities remain responsible for official approvals, clearances, registrations, cancellations and company termination decisions. Requirements, fees and processing timelines are subject to the applicable authority's current rules and may change.