Step-by-Step Company Liquidation Procedure with Dubai Development Authority and Frequently asked questions for company liquidation process with DDA-Dubai

2. DDA Dubai is committed to developing an environment that is business-
friendly and helps companies to grow exponentially. DDA takes care of the
following processes:
1. Planning of real estate and growth
2. Issuing licenses for the services by which the authority governs the
projects and industries coming under its jurisdiction.
3. Development of industries
Company Liquidation Procedure
with Dubai Development
Authority (DDA)

3. Liquidation process with DDA
Before closing the company, you are required to submit a notice to the Dubai Development Authority. The notice must contain
the reason for the closure of your company. It should be provided one month before the liquidation; otherwise, the penalty will
be applied as per the lease agreement.
Sending a notice to the Dubai development Authority
Attesting the board resolution
In case there are multiple shareholders, the company needs to present a board resolution for the deregistration of the
company. It is required to be attested in front of executives of a free zone. In case if the shareholder is not residing in UAE, then
the resolution should be notarized from the UAE embassy of the country from where the shareholders belong. It is also required
to be attested by the Ministry of Foreign Affairs, UAE.

4. The company is required to submit the office keys to the Dubai Development authority as they won’t be allowed to use
the office space for any purpose. The lease agreement for the office is also canceled.
Liquidation process with DDA
Submitting back the office key
The company needs to provide the news about the company liquidation by announcing it through two of the local
newspapers. It is necessary to provide the news in both English and Arabic language
Announcement of company liquidation

5. Submission of original documents
The original documents such as license, company formation certificate, lease agreement, additional activities license, permits,
etc., are required to be submitted back to the Dubai Development Authority. These documents will no longer be valid after the
liquidation request is submitted.
Liquidation process with DDA

6. Liquidation process with DDA
Clearance from Authorities
Before the completion of the liquidation process, it is necessary to pass clearance from the following authorities:
1. Dubai Customs Department
2. DDA Finance Department
3. Etisalat Clearance. (If Required)
4. DDA IT Section
5. DDA Government Services Department
6. Facilities Management Clearance
The authorities check the company for dues and frauds. Only after these authorities provide clearance, closure of the
company is possible.

7. Dubai Development Authority requires preparation of a liquidation
report which contains information on the company finances at the
time of closure. This is to be done by a registered auditor in Dubai.
Liquidation process with DDA
Liquidation Report

8. Frequently Asked Questions
What is liquidation?
When a company wishes to wind up the business due to certain factors, the
complete closing down process is known as company liquidation. In the
process, one needs to sell out its assets to pay the debts and share of the
shareholders. The liquidation process may differ as per the company
structure.
How many days will it take for the complete liquidation of the
company present in the Dubai Development Authority?
It will take around 10-12 days for the initial approval and 2-3 days for getting
the company deregistration certificate.

9. Frequently Asked Questions
What are the steps companies need to take before the
liquidation process in DDA Dubai?
The companies must take the following steps before performing the
liquidation process:
1. Paying all the remaining utility bills
2. Settling down the telecommunication bills
3. Closing of the bank accounts
4. Preparation of the financial audit report
5. Visa cancellation under the license

10. Frequently Asked Questions
What are the basic requirements for company
liquidation in Dubai Development Authority?
The basic requirements for company liquidation in Dubai Development Authority are as
follow:
1. The board’s resolution approving the company liquidation in DDA
2. Employee visas must be canceled
3. A liquidation letter is required to be submitted to DDA approved auditors
4. One needs to obtain a clearance certificate from free zone authority
5. No objection certificate from the parent unit of the company
6. One needs to obtain a clearance certificate from Commercial Licensing
Division Government section

11. N R Doshi & Partners
N R Doshi and Partners is one of the prominent business setup consultants in
Dubai. We have experience in different company formation structures such as
mainland company formation, free zone company formation, and offshore
company formation.
Furthermore, we have also undertaken projects where we had to perform
company liquidation of the various company structures. We have specifically
performed company liquidation for the companies coming under the Dubai
Development Authority.
You can even contact us for other services such as external
audit, accounting, VAT, and advisory.

12. THANKS FOR WATCHING!!!