Liquidators in Free Zone

Liquidators in Dubai Free Zones

UAE is known to have multiple free zones that operate all around UAE and is one of the primary choices of people who want to setup their business in free zones. Free Zone are Special Economic Zones that facilitates the trade for the business entity. There are multiple free zones like Dubai Airport Free Zone (DAFZA), Jebel Ali Free Zone (JAFZA), Hamriya Free Zone, Ajman Free Zone, Ras Al Khaimah Free Zone, etc.

All the free zones have different rules and regulations along with the guidelines that the business entities operating in the free zones need to abide by at all times for the smooth functioning of their businesses. As different guidelines are required for the establishment of an entity in the free zones, special regulations are also to be followed for liquidation of the free zone company.

The liquidation of the free zone company requires the below steps to be followed:

• The company established in free zone must not have any liabilities.
• All the visas issued under the company should be cancelled before the liquidation process and immigration clearance should also be obtained from free zone authority
• All the relevant fees and charges that are to be paid to the free zone authority should be cleared
• The bank accounts of the company should also be closed
• The company going in free zone liquidation should appoint a liquidator to carry out the liquidation and also provide the company with a liquidation report

Along with the above steps, it is also important that during the liquidation of a free zone company, clearance certificate is obtained from the below:

• Relevant free zone authority
• Business unit
• All utilities
• Customs

Liquidation of the free zone company is a lengthy process that is governed by multiple regulations of the free zone establishments and as it requires a registered and approved liquidator to perform the liquidation and provide a liquidation report to complete the liquidation of the free zone company.

We, at Reyson, are approved and registered liquidators in the UAE who can assist you in the company liquidation for multiple free zone authorities like DAFZA, JAFZA, DWC, DMCC, DIFC, etc. in the UAE. The professional and well qualified team of liquidators at Reyson will keep in mind all the rules and regulations that will make the liquidation process easier.