Stage 9 of 9
Restructure or wind up
Sometimes the right move is to merge, transfer, re-domicile or close. In those cases we run the process end to end so nothing is left open with any authority.
Bring us a problem
What we take on
- Options review: sale, share transfer, merger, re-domiciliation or liquidation
- Shareholder resolutions and liquidator appointment
- Creditor notice period (45 days for mainland companies) and claims
- Employee settlements, visa cancellations and MOHRE clearance
- VAT and corporate tax deregistration with the FTA
- Lease, utility and bank account closure, in the right order
- Final licence cancellation and deregistration certificate
What stays with you
The decision to close and the conversations that come with it.
Wind-up sequence
Closing a UAE company properly
The order matters. Closing the bank account or cancelling the licence too early stalls everything after it. A typical mainland liquidation runs at least two months because of the creditor notice.
Decide the route
Sale, transfer, merger, re-domicile, or liquidation.
Resolution and liquidator
Shareholder resolution, notarised, and a registered liquidator appointed.
Creditor notice
Published notice; 45 days for mainland companies. Free zones set their own periods.
Settle and clear
Creditors, staff end-of-service, visa cancellations, MOHRE and immigration clearance.
Tax deregistration
VAT within 20 business days of ceasing taxable supplies; corporate tax deregistration with the FTA.
Close accounts and leases
Utilities and lease first; the bank account last, once final payments clear.
Cancel and certify
Final liquidator report, licence cancellation and deregistration certificate.
Indicative sequence for a solvent company. Insolvent companies follow the bankruptcy law instead, and each free zone has its own closure rules. We confirm the route with your authority and a licensed liquidator.
Questions owners ask
What does Prosolve do at the restructure or wind up stage?
Options review: sale, share transfer, merger, re-domiciliation or liquidation. Shareholder resolutions and liquidator appointment. Creditor notice period (45 days for mainland companies) and claims. Employee settlements, visa cancellations and MOHRE clearance. VAT and corporate tax deregistration with the FTA. Lease, utility and bank account closure, in the right order. Final licence cancellation and deregistration certificate.
What stays with the business owner at this stage?
The decision to close and the conversations that come with it.
Tell us what is stuck.
A named person replies within one working day with first questions, and whether we are the right people for it.