When a business journey reaches its end, closing the company properly is just as important as starting it. If your company is registered under RAKEZ (Ras Al Khaimah Economic Zone), there is a structured process you must follow to liquidate it.
The good news is that the RAKEZ company liquidation process is quite simple when done in the right order. At CSPzone, we have guided many entrepreneurs through this process with ease and compliance. Whether you are shifting operations or winding up completely, here’s how to close your company step by step.
The first step in closing your RAKEZ company is to get official approval from all shareholders. A shareholder resolution must be signed stating the decision to liquidate the company. This document is mandatory and will be submitted to RAKEZ as part of the application.
RAKEZ requires every company to appoint an approved liquidator who will manage the winding-up process. The liquidator ensures that all financial matters, liabilities, and documentation are handled correctly before deregistration.
Once appointed, the liquidator must issue a confirmation letter accepting the responsibility to conduct the liquidation.
Before liquidation begins, all company-related visas must be canceled. This includes investor visas, employee visas, and any dependent visas under the company. Visa cancellation is a crucial step, as RAKEZ will not finalize deregistration until all active visas are cleared.
Your company must settle all dues and obtain clearances from different departments. These may include:
Clearing these obligations ensures that your company is free from any pending liabilities.
After completing all clearances, you can submit the deregistration application to RAKEZ along with supporting documents such as:
Once the application is accepted, RAKEZ will issue an invoice for the deregistration fee. The amount usually ranges between AED 5,000 and AED 7,000, depending on your company structure and activity.
If your company had leased a warehouse, office space, or land, you must return the property in good condition. All utility bills must be settled, and the space must be cleared of equipment or furniture. RAKEZ officials may inspect the site before issuing final clearance.
After all documents, fees, and clearances are verified, RAKEZ will issue an official Deregistration Certificate confirming that your company has been closed. This is the final document proving that your business has completed the liquidation process successfully.
Once you receive it, you can proceed to close your business bank account and complete any final financial settlements.
The entire liquidation process in RAKEZ generally takes 45 to 60 days, depending on how quickly all documents and clearances are submitted. Working with an experienced consultant can make the process much faster and more efficient.
At CSPzone, we handle the complete RAKEZ company liquidation process on your behalf. From preparing shareholder resolutions and coordinating with the liquidator to managing visa cancellations and final clearances, we ensure every step is completed correctly.
By October 2025, we have successfully assisted more than 120 entrepreneurs in liquidating their RAKEZ companies with full compliance and peace of mind.
If you are planning to close your company in RAKEZ, our consultants will guide you from start to finish - making sure the process is smooth, transparent, and fully aligned with Free Zone regulations.
Liquidating a company in RAKEZ may seem like a long process, but it is simple when managed properly. With the right guidance, you can complete it without stress or delay.
CSPzone is here to make sure your company closure is done right, on time, and in full compliance with UAE regulations. Contact our team today to begin your RAKEZ company liquidation with confidence.
