Meydan Free Zone Company Liquidation Guide

Meydan Free Zone Company Liquidation Guide

Meydan Free Zone Company Liquidation Guide :

Closing a business in the UAE requires strict compliance with local regulations, and Meydan Free Zone company liquidation is no exception. Whether your business is no longer active, restructuring, or relocating, liquidation is the only legal way to close your company and avoid future fines or liabilities.

This guide explains the step-by-step process, requirements, timelines, and how professional liquidation services can help you close your Meydan Free Zone company smoothly.

What Is Meydan Free Zone Company Liquidation ?

Meydan Free Zone company liquidation is the official legal process of closing a registered entity under Meydan Free Zone Authority. It involves:

• Settling all financial obligations

• Cancelling visas and labor files

• Closing corporate bank accounts

• Deregistering the business license

• Obtaining final clearance from Meydan Free Zone

Simply allowing the license to expire is not considered liquidation and may result in penalties.

When Do You Need to Liquidate a Meydan Free Zone Company ?

You must initiate liquidation if:

• The company has ceased operations

• The license is not being renewed

• Shareholders decide to close the business

• The company is inactive or non-compliant

• You plan to exit the UAE market

Failure to liquidate properly can lead to blacklisting, fines, and legal action against shareholders or managers.

Is a Liquidator Required for Meydan Free Zone ?

Yes. Meydan Free Zone requires the appointment of an approved liquidator to complete the closure process.

The liquidator is responsible for:

• Reviewing company liabilities and assets

• Preparing the liquidation report

• Coordinating with authorities

• Confirming no outstanding obligations

Without a licensed liquidator, Meydan Free Zone will not approve the company closure.

Step-by-Step Meydan Free Zone Company Liquidation Process :

1. Shareholder Resolution

Shareholders must pass a resolution approving the company’s liquidation and appointing a liquidator.

2. Appointment of an Approved Liquidator

A registered liquidation firm is appointed to handle the process and issue the required reports.

3. Visa & Labor File Cancellation

All employee and investor visas must be cancelled, including:

• Establishment card

• Immigration files

• MOHRE (if applicable)

4. Bank Account Closure

The company’s corporate bank account must be fully settled and officially closed.

5. Clearance Certificates

Clearance is obtained from:

• Meydan Free Zone Authority

• Immigration

• Banks

• Service providers

6. Submission of Liquidation Report

The liquidator submits the final report confirming the company has no liabilities.

7. License Cancellation & Deregistration

Once approved, Meydan Free Zone issues official confirmation of company deregistration.

How Long Does Meydan Free Zone Company Liquidation Take ?

On average, the process takes:

3 to 6 weeks, depending on:

• Number of visas

• Outstanding liabilities

• Bank account closure timelines

Using an experienced liquidation firm significantly reduces delays.

Common Challenges in Meydan Free Zone Liquidation :

• Unclosed bank accounts

• Outstanding visa cancellations

• Missing documents

• Shareholders outside the UAE

• VAT deregistration issues

Professional support ensures these challenges are handled efficiently.

Why Choose uae-liquidation.com ?

At uae-liquidation.com, we specialize in Meydan Free Zone company liquidation and handle the entire process from start to finish.

Our services include:

• Appointment of approved liquidators

• Meydan Free Zone coordination

• Visa and immigration cancellation

• Bank account closure assistance

• VAT deregistration support

• Final license cancellation

We ensure 100% compliance, fast turnaround, and zero hidden costs.