To officially and formally close a company, there are a number of factors that must be considered beyond simply ceasing operations, such as settling property, assets and liabilities. Below is an overview of what you need to know before closing down your company.
A company termination application can be submitted to DMCC via the DMCC Member Portal. For a complete list of all submission requirements, refer to the instructions in the resources section of this page.
Once the application along with all of the requirements have been received by DMCC, the application will then be verified and processed, which includes publication of notice of termination in a local Arabic newspaper. Final termination of the company will be filed in the registry of DMCC and termination letters will be issued.
Pursuant to Article 81 of the DMCC Company Regulations (Regulation No. 1/030), the winding up of a DMCC registered company may either be by:
The instructions and templates below are designed to guide you through the process of closing your company. Please note: These are downloadable samples for your reference and should not be filled in