License Cancellation

License Cancellation Services

If you wish to setup new business in UAE, it is important to procure a trading license. But after many years of operation or so, You may need to cancel the license due to many reasons. In doing so, you must get clearance from the authorities. Cancellation of licenses is important to avoid penalties when you don’t renew them on time.

A shareholding organisation can release the liabilities to other partners. This helps to protect the shares and interests of the company.

If you wish to reopen your business, it is advisable to maintain your business reputation at stance.

Trade license cancellation services in Dubai

Cancelling the business license depends on the type of your company. If your company holds sole ownership, then the process is white simple. Simply apply for license cancellation through DED and gain all-important approvals from:

Check the type of your company that comes in these categories. If so, it is advisable to appoint a liquidator.

Steps for license cancellation in Dubai

Resolution drafting

Appoint a liquidator for cancellation and sign the agreement of cancellation in the notary public

Trade license cancellation application

Draft an application for cancelling the license.

Cancelling employment visas

All your employment visas must be cancelled and get required approvals

Publicize the cancellation

Company license cancellation must be given in two local newspapers. Liquidation and the partners must affirm that there is no objection from a third party during this period

Clearance

The owner receives clearance from authorized bodies

Centriz Corporate services help you completely in license cancellation with a professional touch. Our experts know every nook and corner about company formation, license renewals, modification and cancellation, bank account opening, visa process. The top-notch services have widened our business success double fold.

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