DWC Approved Liquidators

Here is the procedure for liquidating a corporation in the Dubai South (previously known as DWC) Zone:

A board resolution for the Free Zone Company (FZC) must be approved and signed by all the BOD and the branch of a foreign/local company. It must include the clause for the closure and authorization in the Board Resolution that is passed. It should also include the name and bank account information of the people to whom all deposits are to be made after the business is closed down.

The Immigration Card should be cancelled, and the immigration details should be received and retained because the Visa Department will treat it as an invoice later.

The following permissions must be secured at the time of liquidation and after the Board Resolution is passed in order for the liquidation procedure to proceed.

• Submit the keys to the DWC Post Office and make sure to get proper clearance
• Clearance certificate from Dubai's south Customs
• Visa status report from the Visa department after the cancellation of all visas, IDs, and immigration cards
• After all of the above clearances, the keys to the premises should be handed over to the Leasing, Licensing, and Legal Affairs of the Dubai South.
• All the outstanding dues with Dubai South Zone’s finance & accounts department must be paid and settled. This includes overstaying charges until the cancellation day of all visas or the day when you hand over the keys to the company whichever comes first.
• All original documents, including the License, the Tenancy Contract, the Memorandum of Association, the Articles of Association, the Investment Service Agreement, the Share Certificate, and the Certificate of Incorporation, must be delivered to Dubai South's Leasing, Licensing, and Legal Affairs.
• The accounts are closed by the finance department and the customer must obtain the final visa status report, as well as NOCs from the visa department of Leasing, Licensing, and Legal Affairs. You must also present all original deposit receipts.

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