JAFZA Approved Liquidators

JAFZA is among the world's most rapidly growing free zones. In JAFZA, the liquidation procedure begins with the appointment of a professional liquidator to wind up the business. When a company collapses, it must liquidate its assets. At times, the companies are forcibly dissolved. If you own a company in JAFZA, you must follow a different set of rules. The authority of the particular territory determines the regulations in the UAE. No company owner wants to spend their time on a project that is bound to fail. As a result, the company's choice to begin liquidation as soon as possible will be a wise decision.

Documents required for a JAFZA company to start liquidation in UAE

• De-registration form
• A board resolution from the company
• Appointment of liquidator letter
• Confirmation of liquidator

Clearances needed for JAFZA company liquidation in UAE

Once the board resolution is passed, the following clearances are needed to proceed with the liquidation steps:

• Bank account closure letter
• Clearance letter from Emirates Post
• Clearance letter from Customs
• Clearance letter from DEWA, Etisalat, and RTA
• Clearance documents from JAFZA Finance Department
• VAT Clearance certificate and TRN de-registration certificate
• Clearance from relevant government entities in connection to the company that will be liquidated

Liquidation services in JAFZA, UAE

Reyson Badger is a significant accounting firm in the UAE, with operations in both free zones and the mainland. Our auditors have helped several companies in JAFZA with liquidation services. The team members of Reyson Badger are highly experienced and knowledgeable about the regulation of liquidation and its process in JAFZA as a JAFZA licensed liquidator. Before the company's license is revoked, our team double-checks that all clearances have been completed. The following are the services that a company can expect from us in connection with the liquidation of a JAFZA corporation:

• Assign one of the best team members to execute the liquidation
• Ensure all the necessary documents and clearances are in hand for the company’s liquidation
• Make sure that the company submits all the documents on time to prevent any penalties
• Conduct a final audit for your company