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License Cancellation in Dubai

A large part of closing business in Dubai deals with final compensation for employees. The owner or owners of the company will have to cancel their employees’ visas as well as their work permits. This requires coordination with both the Department of Naturalisation and Residency and the Ministry of Labour. As per UAE labour law, employers are required to give their employees a two month, paid notice period before terminating their contracts. In many cases, employees can keep their residency visas until the company’s trade licence runs out.

Apart from finalising labour contracts, it is also necessary to formally cancel any subscribed utilities, including cancelling your account with DEWA and Etisalat or du and retrieving your deposits. Office or warehouse leases will also have to be honoured.

Taking into consideration that license cancellation of all legal forms requires the application of specific documents and approvals from government and federal authorities if necessary.

Individual Establishment, Civil Works Company

  • Submission of Registration & Licensing Application Form.
  • Original License or a photocopy of it, in case the License is ended.
  • No-objection letter issued by the Ministry of Labor & Social Affairs.
  • Visa Cancellation of the partner or the applicant for non GCC nationals in case they are sponsored by their license.
  • No-objection letter from the UAE Central Bank for cancellation of the following activities: shares & bonds broker, foreign exchange dealer, currencies & money market broker.
Business in Other UAE Free Zones

Hamriyah Free Zone (HFZ)

Hamriyah Free Zone Authority was established by an Emiri decree issued in November 12, 1995. It is located in Sharjah, UAE, which gives the free zone a unique geographic and time zone advantage backed by a secure and fully convertible currency and a multi-access to neighboring and global countries through land, sea and air.

Ajman Free Zone (AFZA)

Ajman Free Zone, established in 1988, was granted autonomous status under the Amiri decree no.3 of 1996 issued by H.H. Sheikh Humaid Bin Rashid Al Nuaimi, Ruler of Ajman. Ajman FZ has been named as the sole regulatory agency for FZ in the Emirate. Ajman Free Zone with its package of unbeatable advantages is widely recognised as entrepreneurs' haven today.

Dubai Multi Commodity Centre (DMCC)

Established in 2002 by Royal Decree, the Dubai Multi Commodities Centre Authority (DMCC) is a strategic initiative of the Government of Dubai, with a mandate to enhance commodity trade flows through the Emirate by providing the appropriate physical, market, financial ...

Dubai Auto Zone (DAZ)

Investing in a free zone allows 100% ownership of your enterprise, 100 % repatriation of capital and profits, no minimum capital investment, no corporate or personal tax and no need for a local partner. Added to these advantages are ready-made offices, factories, warehouses and easy start-up and licensing procedures.

Dubai Outsource Zone (DOZ)

DOZ provides comprehensive purpose built infrastructure for both captive and non-captive companies looking to set up in a Free Zone in the UAE. Additionally DOZ offers state-of-the-art offices, robust telecom infrastructure, facilities management services and a 24-hour security service. DOZ extends Free Zone benefits including 100% business ownership and tax free income.