Canceling a Dubai mainland business license can seem overwhelming, but with the right guidance, the process is straightforward. Whether you’re closing your business due to relocation, restructuring, or other reasons, it’s essential to follow the correct steps to ensure compliance with the Department of Economic Development (DED) and other authorities.
In this guide, we’ll walk you through the step-by-step process of canceling a Dubai mainland license, including the documents required and fees involved. For expert assistance, contact Ez Bizz Corporate Services LLC at +971 52 610 6577 or info@ezbizzsetup.com.
Why Cancel a Dubai Mainland License?
- Business Closure: You may be closing your business due to relocation, restructuring, or retirement.
- Compliance: Ensuring all legal and financial obligations are met to avoid penalties.
- New Opportunities: Freeing up resources to explore new ventures or markets.
Step-by-Step Process to Cancel a Dubai Mainland License
Step 1: Settle All Financial Obligations
- Clear outstanding payments to the DED, Dubai Municipality, and other authorities.
- Pay off debts to suppliers, employees, or third parties.
- Close the company’s bank accounts, if applicable.
Step 2: Terminate Employee Visas and Work Permits
- Cancel employee visas and work permits with the General Directorate of Residency and Foreigners Affairs (GDRFA).
- Ensure employees receive their end-of-service benefits.
Step 3: Notify and Close Contracts
- Terminate office or business space rental agreements
- Cancel utility accounts (electricity, water, phone lines, etc.).
Step 4: Submit the Cancellation Application
- Apply online through the DED Trader portal or visit the DED office in person.
- Required documents include:
- Original trade license.
- Passport copies of partners (if applicable).
- Final settlement letters from employees, suppliers, and landlords.
- Lease termination agreement.
- Clearance letters from relevant authorities (e.g., FTA, utilities).
Step 5: Clear VAT and Tax Obligations
- Notify the Federal Tax Authority (FTA) about the cancellation of your VAT registration.
- Clear any outstanding VAT or tax payments.
Step 6: Return Permits and Licenses
- Submit the original trade license and any permits obtained from the DED or other entities.
- Provide proof that the business is no longer operating.
Step 7: Obtain Final Approval
- The DED will review your application and verify that all requirements are met.
- Once approved, you’ll receive a cancellation certificate.
Step 8: Notify Other Entities
- Inform relevant authorities, such as the Dubai Chamber of Commerce or Ministry of Economy, about the business closure.
Step 9: Collect the Cancellation Certificate
- The DED will issue an official cancellation certificate, marking the formal closure of your business.
Key Points to Remember
- Cancellation Fees: Administrative fees may apply, depending on the type of business and license duration.
- Timelines: The process can take a few days to weeks, depending on the complexity of your business.
- Professional Help: Consulting a business setup expert can save time and ensure compliance.
Why Choose Ez Bizz Corporate Services LLC?
Canceling a business license involves multiple steps and compliance requirements. Ez Bizz Corporate Services LLC simplifies the process with:
- End-to-End Support: Handling all paperwork and submissions on your behalf.
- Compliance Assurance: Ensuring all legal and financial obligations are met.
- Expert Guidance: Providing tailored solutions for a smooth cancellation process.
Contact us today for hassle-free license cancellation:
📞 +971 52 610 6577 | 📧 info@ezbizzsetup.com
Conclusion
Canceling a Dubai mainland license is a structured process that requires careful attention to detail. By following the steps outlined in this guide, you can ensure a smooth and compliant closure of your business.
Need help with license cancellation?
📞 Call Ez Bizz Corporate Services LLC at +971 52 610 6577 or email info@ezbizzsetup.com to get started.