Step 1: Board Resolution for Liquidation

• • Conduct a board or shareholders’ meeting to approve the company’s liquidation.
  • Pass a formal resolution authorizing the process and the appointment of a licensed liquidator.
  • If any shareholder resides outside the UAE, the resolution must be notarized and attested.

Step 2: Appoint a DMCC-Approved Liquidator

• • DMCC requires the appointment of a licensed liquidator, typically an approved audit or law firm.
  • Obtain a Letter of Acceptance from the liquidator confirming their role.
  • The liquidator will handle the company’s assets, liabilities, and compliance with DMCC regulations.

Step 3: Initiate Liquidation Request via DMCC Portal

• • Log into the DMCC member portal and start a “Company Termination” service request.
  • Upload the required initial documents:
    • Board/Shareholder Resolution
    • Liquidator’s Consent Letter
    • Trade License Copy
  • Pay initial DMCC liquidation/cancellation fees.
    

Step 4: Public Notice for Creditors

• • DMCC will publish a liquidation notice for 14 days on its website or local newspapers.
  • This period allows creditors to raise any claims.
  • If no claims are raised, the liquidation proceeds.

Step 5: Settle All Liabilities and Cancel Visas

• • Cancel all employee, investor, and dependent visas through the DMCC portal.
  • Pay all end-of-service benefits and obtain clearance from MOHRE/GDRFA.
  • Settle any outstanding DMCC service charges, supplier invoices, or bank dues.
  • Close corporate bank accounts and obtain an official bank closure letter.

Step 6: Obtain All Clearance Certificates

You must secure No Objection Certificates (NOCs) and clearances from:

• • Federal Tax Authority (FTA) – VAT deregistration and tax clearance.
  • Dubai Customs – If your company imported or exported goods.
  • DEWA – Utility bill clearance.
  • Telecom Providers (Etisalat / Du) – For phone and internet services.
  • Landlord or DMCC Property Department – Office or warehouse lease termination.
  • DMCC Authority – Final fee settlement and inspection clearance.

Step 7: Submit Final Liquidator’s Report

• • The appointed liquidator prepares a final audit report showing how assets were managed and liabilities settled.
  • Submit the following to DMCC:
    • Liquidator’s final report
    • All clearance certificates
    • Original company documents (License, MOA/AOA, Certificates of Incorporation, etc.)

Step 8: Receive Deregistration Certificate

Once DMCC reviews and approves your final documents, it issues:

• • Final Deregistration Letter
  • Company Termination Certificate

These documents confirm the company is legally dissolved and removed from the DMCC Commercial Registry.