Notify Relevant Authorities

• Inform the relevant authorities (Department of Economic Development (DED) for mainland companies or the respective free zone authority) of the intent to cancel the license.

Prepare Required Documents

• Gather the necessary documents for the cancellation process:
  • Cancellation Application Form: A formal request for license cancellation.
  • Original Trade License and Certificates: The original trade license and any related certificates.
  • Board Resolution: A board resolution approving the license cancellation.
  • Clearance Certificates: Clearance from relevant authorities (e.g., Ministry of Human Resources and Emiratisation (MOHRE), immigration department, utility providers).
  • Proof of Settled Liabilities: Evidence of settled debts, obligations, and employee dues.
  • Liquidation Report: If applicable, a report detailing the liquidation of assets.

Settle Outstanding Liabilities

• Ensure all financial obligations are settled, including:
  • Employee salaries and end-of-service benefits
  • Outstanding loans and debts
  • Utility bills and lease agreements
  • Supplier and vendor payments

Cancel Visas

• Cancel all visas associated with the business, including those for employees, shareholders, and dependents.
• Documents Required:
  • Visa cancellation forms
  • Passport copies of visa holders
  • Original Emirates ID cards
  • Clearance certificates from MOHRE and immigration

Obtain Clearance Certificates

• Obtain clearance certificates from relevant authorities to confirm that there are no outstanding liabilities or obligations.
• Common Clearances Required:
  • MOHRE: Clearance for employee-related matters
  • Immigration: Clearance for visa-related matters
  • Municipality: Clearance for any municipal obligations
  • Utility Providers: Clearance for outstanding utility bills

Submit Cancellation Application

• Submit the completed cancellation application form and required documents to the relevant authority.
• Documents Required:
  • Cancellation application form
  • Original trade license and certificates
  • Board resolution
  • Clearance certificates
  • Proof of settled liabilities
  • Liquidation report (if applicable)

Pay Cancellation Fees

• Pay the applicable cancellation fees. These fees vary depending on the jurisdiction and the type of business activity.

Receive Cancellation Certificate

• Once the application is reviewed and approved, the relevant authority will issue a cancellation certificate, formally terminating the trade license.