Step 1: Pass a Board Resolution

The company’s board of directors or shareholders must pass and notarize a formal resolution to liquidate the company. This resolution must authorize the liquidation and appoint an approved liquidator.

Step 2: Appoint a Registered Liquidator

A DWTC-approved liquidator (usually a licensed auditing firm) must be appointed. The liquidator will manage the entire winding-up process, including preparing the final audit report.

Step 3: Settle Company Obligations

Before proceeding with deregistration, all pending financial and administrative matters must be settled, including:

• Clearing outstanding dues to suppliers, creditors, and banks.
• Paying final employee salaries, gratuities, and end-of-service benefits.
• Canceling all employee, partner, and investor visas.
• Closing company bank accounts and obtaining bank clearance.
• Canceling utilities (DEWA, Etisalat, Du).
• Terminating lease agreements and settling rent dues.
• Applying for VAT deregistration through the Federal Tax Authority (within 20 working days).

Step 4: Submit Initial Application to DWTC Authority

The liquidation process officially begins when the following are submitted to DWTC Authority:

• Notarized Board Resolution
• Original Trade License
• Liquidator’s Acceptance Letter
• Passport copies of shareholders/directors

Step 5: Publish Liquidation Notice

A public notice must be published in two local newspapers (one in Arabic) for 45 days to allow creditors to submit any claims.

Step 6: Submit Final Documents & Liquidator’s Report

Once the objection period is over, the liquidator will:

• Prepare the Final Audit & Liquidation Report.
• Submit it to DWTC Authority along with:
  • Clearance letters from utilities and FTA.
  • Proof of newspaper publications.
  • Bank closure confirmation.

Step 7: Deregistration & License Cancellation

After reviewing all submissions, the DWTC Authority issues the official De-registration Certificate, confirming that the company has been fully dissolved.