If you’re looking to close your civil works company in Dubai, the process involves specific legal steps that ensure your business is shut down properly. This comprehensive guide will walk you through the necessary actions to close your company while complying with Dubai’s regulations. We’ll also touch on important keywords to help you optimize your business closure search.
Submit the Company Cancellation Form
The first step in the closure process is to fill out the official company cancellation form. This document is required by the Department of Economic Development (DED) and serves as the formal request to start the business closure process. Make sure to provide accurate details and sign the form.
Cancel the Firm Card at the Ministry of Human Resources and Emiratisation (MOHRE)
The next step involves canceling the firm card registered with MOHRE. This card was initially issued when you hired employees, and it must be deactivated to close the company legally. You will need to ensure that all employees have been settled, including any due compensation, before cancellation.
Cancel Foreign Partners’ Visas at the General Directorate of Residency & Foreigners Affairs
If your company sponsored any foreign partners, their residency visas must be canceled as well. The General Directorate of Residency & Foreigners Affairs (GDRFA) oversees this process, and it is mandatory to clear this step before proceeding with the company closure.
Obtain Approvals from Government Entities
In some cases, you will need approval from various government entities depending on the type of services your civil works company provided. For instance, you may need clearance from the Dubai Municipality or other regulatory bodies specific to your industry.
Prepare a Partnership Cancellation Contract
If your civil works company was a partnership, a partnership cancellation contract authenticated by the notary public is essential. This contract formalizes the dissolution of any agreements between partners and is a legal requirement.
Submit Documents and Collect License Cancellation Certificate
Once all the necessary documents are gathered, including the cancellation form, visa cancellation proof, firm card deactivation, and any additional approvals, submit them to the DED. After verification, you will receive a license cancellation certificate, marking the official closure of your company.
Why Closing Your Civil Works Company Correctly Matters
Shutting down a business involves more than just ceasing operations. Properly canceling all licenses and government affiliations ensures that there are no future legal implications or financial liabilities.
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