Are you ready to wrap things up with your JAFZA company? Whether it’s time to move on to the next business or you just want to close out a business chapter, the liquidation process in JAFZA (Jebel Ali Free Zone) is thorough, requiring a lot of documentation and the help of an authorized liquidator – just like in DMCC!
But don’t worry! We’re here to simplify it all for you. In this article, we’ll go through every step in detail, from the documents you’ll need to the final sign-off process. So, buckle up and let’s dive right in!
If you’re feeling a bit overwhelmed by all these steps below, remember CSPzone is here to help. With over 15 years of experience, our experts can guide you through every part of the process.
Documents Needed for JAFZA Company Liquidation
Let’s start by gathering the essentials. Think of these documents as your toolkit – without them, liquidation just can’t happen! Here’s what you’ll need:
1. Liquidator Trade License
Make sure the person helping you liquidate has a valid trade license. No authorized liquidator = no go on the process.
2. Lease Termination Form
If you’ve rented office space or a unit, this form is a must. It tells JAFZA that you’re officially leaving the premises.
3. Clearance from JAFZA’s Finance Department
Just like you settle your restaurant bill before leaving, you’ll need financial clearance from JAFZA, ensuring all dues are paid.
4. RTA Clearance
Have a company car? This clearance from the Roads and Transport Authority ensures all vehicle-related dues are clear.
5. DEWA Clearance
If you’ve leased a unit, make sure all utility bills with the Dubai Electricity and Water Authority are fully settled.
6. Original Company Formation Documents
Yup, the originals! This includes your certificates, shareholder agreements, and other formation documents.
7. Resolution Letter & Share Certificates
A formal letter confirming the decision to close shop along with share certificates must be ready to go.
8. Clearances from Dubai Customs and Etisalat –
If your company deals with customs or has Etisalat telecom accounts, make sure you have these letters handy.
JAFZA Company Liquidation Process: Step-by-Step
Now that we’ve got all the paperwork ready, it’s time to walk through the liquidation process itself. Let’s go step-by-step so nothing gets missed.
Step 1: Board Resolution
The first big step is getting the board resolution signed by the company owner – and it has to be done in person! You’ll need to head over to JAFZA and officially sign a letter stating the decision to liquidate.
Step 2: Appointment of an Authorized Liquidator
JAFZA won’t allow liquidation without an authorized liquidator on board. Think of them as your liquidation captain, steering your company through the closing process. This step is mandatory – the liquidator will help ensure all legal requirements are met.
Step 3: Complete the De-Registration Form
Here’s where it gets a bit official:
You (or the owner) will sign the de-registration form in person at JAFZA’s head office. This is the final stamp that tells JAFZA, “We’re done!”
All original company certificates, including the formation certificate, share certificates, and audit reports, must be returned to JAFZA’s registration section.
Your company auditors will also need to submit a formal Liquidation Report to the same office, confirming that all assets and liabilities are properly settled.
Step 4: Pay the Deregistration Fee
The official deregistration fee for JAFZA is AED 6500. It may change - please get in touch with us to know the latest fee.
Step 5: Submit Clearance Letters
JAFZA will need a complete clearance from different authorities to confirm that your company is debt-free and clear:
Dubai Customs Clearance – If you’re registered with Dubai Customs, you’ll need a no-dues letter.
RTA Clearance – For companies with registered vehicles, you’ll need confirmation from the Roads and Transport Authority.
DEWA Clearance – Required if you’ve leased a unit, to show all utilities have been paid.
Etisalat Clearance – Necessary for telecom accounts with Etisalat.
Step 6: Visa Clearance and Cancellation
Time to clear out all active visas under your company. This includes visas for employees, shareholders, and any dependents.
CSPzone can help you navigate every step of liquidating JAFZA company with ease and confidence. Just give us a call, and we’ll handle the details for you! Contact us on WhatsApp @ +971504655861 or email us at info@cspzone.com
