Advisory & Consulting
Cancellation Of A Company’s LicenseThat Has Been Expired For More Than Two Year
Learn how you can cancel your business license if it has been more than two years since you last applied for renewal.
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Cancellation of Expired Business License
A business has to go through the below phases for the cancellation of the company license that has been expired for more than two years.
First Phase
- Submit the business registration application form.
- The license must have been expired for more than two years.
- An undertaking by the local partner that he will be held accountable for the company liabilities.
- Submit documents supporting the reason for license cancellation (such as: a proof stating that the partner.
- Stayed outside the country for more than 6 months or that the partner whereabouts are unknown).
- Payment of AED 2010 to receive the company’s certificate of dissolution.
- Published notice of liquidation in two Arabic local newspapers for one day only; the notice should give the.
- Debtors a grace period of 15 days from the date of the notice to submit their claims.
- A duly completed undertaking stating that the company has no liabilities recorded and assuming full.
Second Phase
- Submit the original newspaper.
- A letter by the Ministry of Labour stating that there are no employees sponsored under the license.
Fees
The second phase fee is AED 3010.
How to apply for the second phase?
You can apply by visiting any of DED’s branches.
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