Trade License cancellation
- Home
- Trade License cancellation
Trade License Cancellation Services in Dubai
We know closing a business is not easy! It can be emotionally draining, but there is a structured legal liquidation and formal business cancellation process that comes when you decide to shut down your business. Just informing your customers and shareholders and stopping trading isn’t enough. The licence has to be formally cancelled, without which the company still exists on the government’s records, and its obligations continue. There is a process for trade license cancellation in Dubai, filling of multiple forms, clearances and follow-ups. This is where we come in.
Close Your Dubai Business With Proper Trade License Cancellation
Leaving a licence unused and unpaid can lead to fees and penalties. It will also keep visa and work records open. The business license cancellation in Dubai can formally end only when the authority that issued it: the Dubai Department of Economy and Tourism (DET) for mainland companies, or the free zone authority cancels it. The proper process for cancellation depends on your company type. If your company is a sole establishment, the process will be much simpler. Through business license cancellation Dubai services, we will be able to tell you which process applies by looking at your licence. You also have the option of freezing a licence. This will keep the company registered without trading. So you can consider whether you are eligible before going for company license cancellation in Dubai.
Business Closure Support
Cancellation Information
Business Closure Checklist
Licence Review
- Review Licence & Cancellation Requirements
Clearances & Cancellations
- Complete Visa, Labour & Outstanding Clearances
Final Cancellation
- Submit Application & Receive Cancellation Certificate
What Our Trade License Cancellation Service Includes
Our trade license cancellation services in Dubai make sure that you make all the right moves before submitting the application.
Checklist of what has to be closed
We will make a list of what must be closed before DET or the free zone find your application eligible.
Document preparation
Making sure all the documents submitted are in good order.
Final certificate
Once everything is completed for sure, the cancellation certificate will be dispatched to you.
Analysing your situation
As the first step in our business license cancellation Dubai services, we will check your licence, company type and the authority that issued the licence.
Visa and labour cancellations
Then you will have to file for cancellations of the following – staff and partner visas, labour cards and the establishment card
Submission of application and follow-up
We will submit the cancellation once everything is verified. And then do the follow-up afterwards.
Checklist of what has to be closed
We will make a list of what must be closed before DET or the free zone find your application eligible.
Document preparation
Making sure all the documents submitted are in good order.
Final certificate
Once everything is completed for sure, the cancellation certificate will be dispatched to you.
Analysing your situation
As the first step in our business license cancellation Dubai services, we will check your licence, company type and the authority that issued the licence.
Visa and labour cancellations
Then you will have to file for cancellations of the following – staff and partner visas, labour cards and the establishment card
Submission of application and follow-up
We will submit the cancellation once everything is verified. And then do the follow-up afterwards.
Requirements Before Cancelling a Trade Licence
The trade license cancellation services Dubai will ensure the company has no loose ends. This covers the following:
REQUIREMENTS
Cancellation of employee, partner and investor visas
Cancellation of labour cards and the company establishment card
Clearances from these sectors - immigration, labour, utilities and telecom
Cancellation of tenancy contract and Ejari
Closing all bank accounts and clearing liabilities
Customs clearance, if required
Clearing fines and dues
Trade License Cancellation
Process in Dubai
As part of our trade license cancellation assistance in Dubai, this is what we do:
Type of cancellation:
We will analyse your situation to see whether you need to cancel directly, liquidate or freeze the licence.
PROCESS / 01Cancel visas and labour records.
Staff and partner visas, labour cards and the establishment card.
PROCESS / 02Collect clearances.
Collect letters from concerned authorities and service providers to ensure that there are no dues.
PROCESS / 03Settle accounts.
Tenancy and bank accounts are closed.
PROCESS / 04Submit the application.
We file the application form for cancellation to either the DET or your free zone authority.
PROCESS / 05Certificate issuing.
The concerned authority will issue the cancellation certificate when everything is ready.
PROCESS / 06Helping With Employee, Visa and Other Closure Formalities
Our company license cancellation Dubai services will help with the closing formalities of visas for employees, partners and investors. Your company has to pay whatever is due to the staff, including end-of-service payments.
If a staff member from your company is moving to another company, they will need new visas. This is where our employment visa assistance in UAE service serves you.
Avoid Common Problems During Trade License Cancellation
These are the common problems that entrepreneurs make when they opt for company license cancellation. So we will make a checklist to ensure we don’t miss any.
- Stopping trading without cancelling the licence
- Cancelling the licence before visas and the establishment card
- Not getting clearance from utility providers
- Leaving a tenancy or Ejari open
- Forgetting tax registrations
- Unpaid fines
- Not clearing bank accounts
Why Choose Tabreez for Trade License Cancellation?
Through our trade license cancellation in Dubai services, we will get all the process done without any hassle. Whether it is canceling the visas and labor cards or closing of bank accounts, we can do the needful and liaison with Dubai government departments wherever required.
Our trade license renewal services Dubai will cover all the steps involved in cancelling the license so the process is smooth for you.
Ready to Complete Your Business Closure? Get Trade License Cancellation Assistance Today
If you’re closing your company, our trade license cancellation in Dubai services will help you proceed in the right direction. Contact us and we will tell you what needs to be done.