Company Closure

Company Closure in UAE

Close your UAE company cleanly and without surprises

Whether you are exiting the market, pivoting the structure, or shutting down operations — we coordinate the full closure process: financial finalization, regulatory de-registration, and licence cancellation.

Voluntary closure — turnkey · Bankruptcy — with licensed legal partners · Final closure certificate
For whom

This service is right for you if

Founders Exiting UAE

Owners who are leaving the market and need a clean, documented closure.

Restructuring Businesses

Companies consolidating entities or migrating from one Free Zone to another.

Dormant Companies

Entities that stopped operating but were never formally closed — and are still accruing obligations.

Businesses With Open Obligations

Companies with outstanding VAT, payroll, or corporate tax filings that must be resolved before closure.

What's Included

Everything you need — nothing you don't

A coordinated closure covering financial, regulatory, and administrative steps.

  • Internal audit — accounts reconciliation and open liabilities review
  • Preparation of final financial statements
  • VAT and Corporate Tax de-registration with the FTA Regulatory
  • Corporate tax final filing (if applicable) Tax
  • Payroll finalization and WPS clearance for all employees
  • Visa and Emirates ID cancellation coordination
  • Licence cancellation with the Free Zone authority or DED Regulatory
  • Bank account closure support
  • Clearance certificates from all relevant authorities
How It Works

A structured process — from decision to final closure certificate

01 Initial Assessment We review your company structure, outstanding obligations, and any open filings. You receive a clear scope and fixed price before anything starts.
02 Financial Finalization Accounts reconciled, payroll closed, VAT and corporate tax obligations settled. Final financial statements prepared for the record.
03 Regulatory De-registration Visas, Emirates IDs, and labour records cancelled. VAT and Corporate Tax registration cancelled with the FTA. All authority clearances obtained.
04 Licence Cancellation Licence formally cancelled with the relevant authority — Free Zone or DED. Final closure certificate issued.
05 Bank Closure & Handover Support with bank account closure and a full documentation package handed over to you.
Pricing

Fixed price for a full closure

Free Zone Closure

e.g. RAKEZ, IFZA, DMCC and other Free Zones

from AED 6,000 full project

  • Financial finalization & final statements
  • FTA de-registration (VAT & CT)
  • Visa & Emirates ID cancellation
  • Licence cancellation with Free Zone authority
  • Clearance certificates
Start Closure

Mainland Closure

DED-registered companies

from AED 10,500 full project

  • Financial finalization & final statements
  • FTA de-registration (VAT & CT)
  • Visa & Emirates ID cancellation
  • DED licence cancellation
  • Ministry of Labour clearance
  • Clearance certificates from all authorities
Start Closure

Bankruptcy (court)

Court-supervised process under UAE Federal Decree-Law No. 51 of 2023

from AED 40,000 full project

  • Court-supervised process via our licensed legal partners
  • Financial side prepared by CoreLedger
  • Creditor claims register & final accounts
  • Single point of contact end to end
Discuss Bankruptcy
FAQ

Questions about closing a company in UAE

How long does it take to close a company in UAE?

Timeline varies by jurisdiction and how clean the company's records are. A straightforward Free Zone closure with no outstanding obligations typically takes 4–8 weeks. Mainland closures usually take 6–12 weeks due to additional authority clearances. Companies with open VAT, payroll, or tax issues will need those resolved first, which adds time.

Can I close a company that has not been operating for years?

Yes — and it is often more complex than closing an active one. Dormant companies may have accumulated licence renewal fees, missed VAT filings, or lapsed employee records. We assess the backlog first, resolve open obligations, then proceed with formal closure.

What happens if I just stop renewing the licence?

Non-renewal does not constitute legal closure. The company remains legally active, obligations (VAT, payroll, fines) continue to accrue, and shareholders may be restricted from obtaining new licences or visas in the UAE. A formal de-registration is the only way to cleanly exit.

Do I need to file a final corporate tax return?

Yes, if the company was registered for corporate tax (which applies to most UAE businesses for financial years starting on or after 1 June 2023). The final tax period must be filed even if no taxable income was earned. We prepare and submit this as part of the closure process.

What is included in the fixed fee?

The fixed fee covers financial finalization, VAT and Corporate Tax de-registration, visa and Emirates ID cancellation, coordination with the relevant authority, and all clearance certificates. Government fees payable directly to authorities (e.g. Free Zone or DED) are charged at cost and billed separately — we provide an estimate upfront.

Can CoreLedger close a company that has outstanding debts?

Outstanding debts to authorities (unpaid fines, renewal fees, government charges) must be settled before closure can be completed — this is a regulatory requirement, not a CoreLedger policy. Debts to suppliers or banks are a separate matter and require legal advice. We scope all open obligations in the initial assessment.

Do you involve external parties in the closure process?

Yes. For certain regulated steps — government filings, authority submissions, and formal de-registration — we engage licensed subcontractors who specialize in UAE regulatory procedures. CoreLedger coordinates the entire process, so you have a single point of contact throughout.

Contact us

Let's sort out your business finances

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