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Application for Company Closure

Application Date _____________________

Company Name Contact Number

Premises Leased Premises No. Lease Exp.

License Type License No. License Exp.

Legal Status: FZE □ FZC □ ✔
Branch of Local/Foreign Company □
I / We being the Owner/Shareholder of the above mentioned Company, hereby declare that subject to approval of the SAIF ZONE
Authority, we wind up and deregister the Company in best interest of the business and in that regard I/we hereby give notice to
liquidate my company:

□ After serving 90 days notice with effect from acceptance of closure application.
□ Upon Expiry of its tenure i.e. ________________
□ With immediate effect (applicable only if lease & license is expired, within 15 days of acceptance of closure application).
✔

Reason for deregistration/liquidation: (Application will not be accepted if closure reason & justification is not indicated)

Adverse Market Conditions Justification:-

Cash Flow / Financial Difficulties
Change of Business Strategies
High Cost / Cost cutting
Loss / Less profitable Business
✔ No Business Activity
Operations Difficulty
Relocation to other country or city
✔ Shareholder's Decision
Shareholder's dispute &/or changes in shareholdings
Immigration / Visa Card rejected
Other reasons

Authorized representative for deregistration/liquidation on behalf of Company

Name ____________________________________________________________________________________________

Contact Mobile ____________________________________________________________________________________

Local Fax number__________________________________________________________________________________

Email ID _________________________________________________________________________________________

We the undersigned hereby declare and certify that the above details are accurate & confirm that the signature(s) in this request & attached board resolution (if
applicable) is true & correct. In the event of any discrepancy to the above mentioned information, the undersigned and the company will be liable to Local and Federal
Rules and any other penalty without prejudice and compensation by SAIF ZONE, any approval and the resultant documents and transactions will be treated as null and
void with retrospective effect.

Authorized Signatory & Company Stamp For SAIF ZONE official use
(Signature Verified)

1. Please check the requirements & fees for closing down on reverse.
2. Closing down application must be typed & supported by Board of Resolution as stated in requirements point # 1 for FZC & Branch of
foreign/local Company.
SAIF Zone/LLL/Feb 2019 Leasing & Licensing & Legal Affairs
 LEASING, LICENSING & LEGAL AFFAIRS
Requirements for Company Liquidation/Deregistration

1. Board Resolution for liquidation signed by all the directors of the ‫ﻗ ﺮار ﻣﺠﻠ ﺲ اﻻدارة ﻟﻠﺘﺼ ﻔﯿﺔ ﯾﺠ ﺐ ان ﯾﻜ ﻮن ﻣﻮﻗ ﻊ ﻣ ﻦ ﻗﺒ ﻞ ﺟﻤﯿ ﻊ ﻣ ﺪﯾﺮي‬
company for FZC & Branch of foreign/local company. .‫ ﻣﺤﻠﯿﺔ‬/ ‫اﻟﺸﺮﻛﺔ وﻓﺮع ﺷﺮﻛﺔ أﺟﻨﺒﯿﺔ‬
 Must include clause(s) for closure, authorization & the name of the ‫ ﺻ ﻼﺣﯿﺎت واﺳ ﻢ اﻟﺸ ﺨﺺ‬،‫ﯾﺠ ﺐ أن ﯾﺘﻀ ﻤﻦ ﺑﻨ ﻮد ﻋ ﻦ اﻹﻏ ﻼق‬ 
person or bank account details to transfer all refunds & deposits ‫اﻟﻤﺨ ﻮل أو ﺗﻔﺎﺻ ﯿﻞ اﻟﺤﺴ ﺎب اﻟﻤﺼ ﺮﻓﻲ ﻟﺘﺤﻮﯾ ﻞ ﺟﻤﯿ ﻊ اﻟﻤﺒ ﺎﻟﻎ‬
after completing closing down procedure. .‫اﻟﻤﺴﺘﺮدة ﻣﻦ اﻟﻮداﺋﻊ إﻟﯿﮫ ﺑﻌﺪ اﻻﻧﺘﮭﺎء ﻣﻦ اﺟﺮاءات اﻻﻏﻼق‬
 In case the Shareholder is a company, Legalized Board Resolution ‫ ﻓﯿﺠ ﺐ ﺗﻘ ﺪﯾﻢ ﻗ ﺮار ﻣﺠﻠ ﺲ اﻻدارة‬،‫ﻓ ﻲ ﺣﺎﻟ ﺔ اﻟﻤﺴ ﺎھﻢ ھ ﻲ ﺷ ﺮﻛﺔ‬ 
with the above details shall be submitted. .‫اﻟﻤﺼﺪق ﻣﻊ اﻟﺘﻔﺎﺻﯿﻞ اﻟﻤﺬﻛﻮرة أﻋﻼه‬
 Must be notarized & attested in case of a foreign document for ‫ﯾﺠ ﺐ أن ﺗﻜ ﻮن ﻣﻮﺛﻘ ﺔ وﻣﺼ ﺪﻗﺔ ﻓ ﻲ ﺣﺎﻟ ﺔ وﺟ ﻮد وﺛﯿﻘ ﺔ أﺟﻨﺒﯿ ﺔ ﻟﻠﻔ ﺮع‬ 
branch & subsidiary companies & if the owner/shareholder is ‫واﻟﺸ ﺮﻛﺎت اﻟﺘﺎﺑﻌ ﺔ وإذا ﻛﺎﻧ ﺖ ﺷ ﺮﻛﺔ أﺟﻨﺒﯿ ﺔ )ﯾﺠ ﺐ أن ﺗﻜ ﻮن ﻣﺼ ﺪﻗﺔ‬
foreign Company (it should be attested by UAE Consulate from .(‫ﻣﻦ ﻗﺒﻞ ﻗﻨﺼﻠﯿﺔ دوﻟﺔ اﻹﻣﺎرات اﻟﻌﺮﺑﯿﺔ اﻟﻤﺘﺤﺪة ﻓﻲ ﺑﻠﺪ اﻟﻤﻨﺸﺄ‬
the Country of Origin & MOFA in UAE)
2. Following fees to be paid to the SAIF ZONE: :‫اﻟﺮﺳﻮم اﻟﻤﻄﻠﻮب دﻓﻌﮭﺎ ﻟﻠﻤﻨﻄﻘﺔ اﻟﺤﺮة‬
‫ درھ ﻢ ﺗ ﺪﻓﻊ ﺑ ﺪﻻً ﻋ ﻦ ﺗ ﺄﺧﯿﺮ ﺗﻘ ﺪﯾﻢ طﻠ ﺐ‬5.000 .‫ﻣﺒﻠ ﻎ وﻗ ﺪره‬ 
 AED. 5000.00 to be paid in lieu of late liquidation as mentioned in 12 ‫ اﻟﻘﺴ ﻢ رﻗ ﻢ‬:‫اﻻﻏ ﻼق ﻛﻤ ﺎ ھ ﻮ ﻣ ﺬﻛﻮر ﻓ ﻲ ﻋﻘ ﺪ اﻹﯾﺠ ﺎر )اﻟﻤﺮﺟ ﻊ‬
the lease contract (ref Sec 12 in Page 3). (Actual charges can be ‫ )ﯾﻤﻜ ﻦ أن ﺗﺤﺴ ﺐ اﻟﺮﺳ ﻮم اﻟﻔﻌﻠﯿ ﺔ ﺑﻌ ﺪ‬.(3 ‫ﻓ ﻲ اﻟﺼ ﻔﺤﺔ رﻗ ﻢ‬
calculated upon getting closure application & Board Resolution ‫اﻟﺤﺼ ﻮل ﻋﻠ ﻰ طﻠ ﺐ اﻹﻏ ﻼق وﻗ ﺮار ﻣﺠﻠ ﺲ ادارة اﻟﺸ ﺮﻛﺔ ﻣﻮﻗ ﻊ‬
duly signed by authorized signatory of company) .(‫ﺣﺴﺐ اﻷﺻﻮل‬
‫ درھ ﻢ ﺗ ﺪﻓﻊ ﻹﺷ ﻌﺎر ﻣﻄﺒ ﻮع واﺣ ﺪ ﻣ ﻦ اﻟﺘﺼ ﻔﯿﺔ‬500 .‫ﻣﺒﻠ ﻎ وﻗ ﺪره‬ 
 AED. 500.00 towards one publication notice of liquidation in at
.‫ﻓﻲ اﺛﻨﯿﻦ ﻣﻦ اﻟﺼﺤﻒ اﻟﯿﻮﻣﯿﺔ‬
two daily newspapers.
‫رﺳ ﻮم إﻟﻐ ﺎء ﺑﻄﺎﻗ ﺔ اﻟﮭﺠ ﺮة واﻟﺤﺼ ﻮل ﻋﻠ ﻰ ﺗﻔﺎﺻ ﯿﻞ اﻟﮭﺠ ﺮة )إن‬ 
 Charges to Cancel Immigration Card & obtain Immigration .‫وﺟﺪت( ﺳﯿﺘﻢ ﺧﺼﻤﮭﺎ ﻣﻦ ﻗﺒﻞ ﻗﺴﻢ اﻟﺘﺄﺷﯿﺮة‬
Details (if applicable) will be invoice by Visa Department.
3. Clearances required are: :‫اﻟﻤﻮاﻓﻘﺎت اﻟﻤﻄﻠﻮﺑﺔ ﻟﻠﺘﺼﻔﯿﺔ ھﻲ‬
a) Clearance from SAIF ZONE Post office after submission of P O
Box Keys (contact number 06-5571911- Requirements for same ‫ﺷ ﮭﺎدة ﺑ ﺮاءة ذﻣ ﺔ ﻣﻘﺪﻣ ﺔ ﻣ ﻦ ﻣﻜﺘ ﺐ ﺑﺮﯾ ﺪ اﻟﻤﻨﻄﻘ ﺔ اﻟﺤ ﺮة ﺑﻌ ﺪ ﺗﻘ ﺪﯾﻢ‬ (1
‫ﻣﻔ ﺎﺗﯿﺢ ﺻ ﻨﺪوق اﻟﺒﺮﯾ ﺪ )ﯾﺮﺟ ﻰ اﻟﺘﻮاﺻ ﻞ ﻣ ﻊ رﻗ ﻢ اﻻﺗﺼ ﺎل‬
will be written request for clearance, P.O.Box keys & Closing
،‫ ﺣﯿ ﺚ ان اﻟﻤﺘﻄﻠﺒ ﺎت ھ ﻲ طﻠ ﺐ ﻛﺘ ﺎﺑﻲ ﻟﻠﺘﺼ ﻔﯿﺔ‬065571911
procedure letter copy) .(‫ﻣﻔﺎﺗﯿﺢ ﺻﻨﺪوق اﻟﺒﺮﯾﺪ وﻧﺴﺨﺔ ﻣﻦ رﺳﺎﻟﺔ اﺟﺮاء اﻟﺘﺼﻔﯿﺔ‬
b) Clearance certificate from the SAIF ZONE CUSTOMS (contact ‫ﺷ ﮭﺎدة ﺑ ﺮاءة ذﻣ ﺔ ﻣﻘﺪﻣ ﺔ ﻣ ﻦ ﻗﺴ ﻢ اﻟﺠﻤ ﺎرك ﻟﻠﻤﻨﻄﻘ ﺔ اﻟﺤ ﺮة‬ (2
number 06-5571323). .(065571323 ‫)ﯾﺮﺟﻰ اﻟﺘﻮاﺻﻞ ﻣﻊ رﻗﻢ اﻻﺗﺼﺎل‬
c) Visa Status report (with remarks as Visa applied for (‫ﻟﻠﻨﻘ ﻞ‬/ ‫ﺗﻘﺮﯾ ﺮ ﺣﺎﻟ ﺔ اﻟﺘﺄﺷ ﯿﺮة )ﻣ ﻊ اﻟﺘﺼ ﺮﯾﺢ ﺑﺄﻧﮭ ﺎ ﺗﺄﺷ ﯿﺮة ﻟﻺﻟﻐ ﺎء‬ (3
cancellation/Transfer) from Visa department after all visas, ID ‫ﻣ ﻦ ﻗﺴ ﻢ اﻟﺘﺄﺷ ﯿﺮة ﺑﻌ ﺪ أن ﯾ ﺘﻢ ﺗﻘ ﺪﯾﻢ طﻠﺒ ﺎت اﻻﻟﻐ ﺎء ﻟﻜﺎﻓ ﺔ اﻟﺘﺄﺷ ﯿﺮات‬
Card & Immigration card is applied for cancellation (expatriates to ‫وﺑﻄﺎﻗ ﺎت اﻟﮭﻮﯾ ﺔ )ﺑﻄﺎﻗ ﺔ اﻟﮭﺠ ﺮة ﯾﺠ ﺐ أن ﺗﻠﻐ ﻰ وﻋﻠ ﻰ اﻟﻤﻐﺘ ﺮﺑﯿﻦ‬
be repatriated as per the procedure of Investors Services Dept. – - ‫اﻟﻌ ﻮدة اﻟ ﻰ أوط ﺎﻧﮭﻢ وﻓﻘ ﺎ ﻹﺟ ﺮاءات ﻗﺴ ﻢ ﺧ ﺪﻣﺎت اﻟﻤﺴ ﺘﺜﻤﺮﯾﻦ‬
contact number – 06-5571111). .(065571111 ‫ﯾﺮﺟﻰ اﻟﺘﻮاﺻﻞ ﻣﻊ رﻗﻢ اﻻﺗﺼﺎل‬
d) Liquidation certificate to be obtained from your Auditor (only in ‫ﺷ ﮭﺎدة اﻟﺘﺼ ﻔﯿﺔ اﻟﺘ ﻲ ﯾﻤﻜ ﻦ اﻟﺤﺼ ﻮل ﻋﻠﯿﮭ ﺎ ﻣ ﻦ اﻟﻤ ﺪﻗﻖ اﻟﻤ ﺎﻟﻲ )ﻓ ﻲ‬ (4
.(‫ﺣﺎﻟﺔ ﻛﺎﻧﺖ ﻣﺆﺳﺴﺔ ام ﺷﺮﻛﺔ ﻓﻲ اﻟﻤﻨﻄﻘﺔ اﻟﺤﺮة‬
case of FZE or FZC).
e) Clearance certificate from the SAIF ZONE FACILITIES ‫ﺷ ﮭﺎدة ﺑ ﺮاءة ذﻣ ﺔ ﻣﻘﺪﻣ ﺔ ﻣ ﻦ ﻗﺴ ﻢ إدارة اﻟﻤﺮاﻓ ﻖ ﻟﻠﻤﻨﻄﻘ ﺔ اﻟﺤ ﺮة‬ (5
‫ﯾﺮﺟ ﻰ اﻟﺘﻮاﺻ ﻞ ﻣ ﻊ رﻗ ﻢ‬- ‫ اﻟﺴ ﻼﻣﺔ واﻟﺒﯿﺌ ﺔ واﻟﺸ ﺤﻦ‬،‫)أﻗﺴ ﺎم اﻟﺼ ﯿﺎﻧﺔ‬
MANAGEMENT (Maintenance, HSE & Cargo sections – contact .(065572222 ‫اﻻﺗﺼﺎل‬
number 06-5572222).
‫ﯾﺠ ﺐ ﺗﺴ ﻠﯿﻢ ﻣﻔ ﺎﺗﯿﺢ اﻟﻤﺒ ﺎﻧﻲ ﻟﻘﺴ ﻢ اﻟﺘ ﺄﺟﯿﺮ واﻟﺘ ﺮاﺧﯿﺺ واﻟﺸ ﺆون اﻟﻘﺎﻧﻮﻧﯿ ﺔ‬
4. Premises Keys must be handed-over to Leasing, Licensing & Legal
.(‫)ﺑﻌﺪ اﻟﺤﺼﻮل ﻋﻠﻰ ﺷﮭﺎدات ﺑﺮاءة اﻟﺬﻣﺔ ﻣﻦ اﻷﻗﺴﺎم اﻟﻤﺬﻛﻮرة أﻋﻼه‬
(after obtaining clearances stated in clause 3).

5. Settlement of all outstanding payments with SAIF ZONE’s ‫ﯾﺠ ﺐ ﺗﺴ ﻮﯾﺔ ﺟﻤﯿ ﻊ اﻟﻤ ﺪﻓﻮﻋﺎت اﻟﻤﺴ ﺘﺤﻘﺔ ﻣ ﻊ ﻗﺴ ﻢ اﻟﻤﺎﻟﯿ ﺔ واﻟﺤﺴ ﺎﺑﺎت‬
Finance & Accounts Dept., including the overstay charges until ‫ ﺑﻤ ﺎ ﻓ ﻲ ذﻟ ﻚ رﺳ ﻮم ﺗﺠ ﺎوز ﻣ ﺪة اﻹﻗﺎﻣ ﺔ ﺣﺘ ﻰ ﺗ ﺎرﯾﺦ إﻟﻐ ﺎء‬،‫ﻟﻠﻤﻨﻄﻘ ﺔ اﻟﺤ ﺮة‬
the date of cancellation of all the visas and handing over the .(‫ﺟﻤﯿﻊ اﻟﺘﺄﺷﯿﺮات أو ﺗﺴﻠﯿﻢ ﻣﻔﺎﺗﯿﺢ اﻟﻤﺒﺎﻧﻲ )اﯾﮭﻤﺎ ﯾﺤﺼﻞ ﻓﻲ وﻗﺖ ﻻﺣﻖ‬
premises key’s whichever is later.
‫ ﻋﻘ ﺪ اﻟﺘﺄﺳ ﯿﺲ واﻟﻨﻈ ﺎم‬،‫ ﻋﻘ ﺪ اﻹﯾﺠ ﺎر‬،‫اﻟﻮﺛ ﺎﺋﻖ اﻷﺻ ﻠﯿﺔ ﻣﺜ ﻞ اﻟﺮﺧﺼ ﺔ‬
6. Original documents such as License, Tenancy Contract, ‫ ﺷ ﮭﺎدة اﻟﺘﺄﺳ ﯿﺲ وﻣ ﺎ‬،‫ ﺷ ﮭﺎدة اﻻﺳ ﮭﻢ‬،‫ اﺗﻔﺎﻗﯿ ﺔ ﺧ ﺪﻣﺎت اﻻﺳ ﺘﺜﻤﺎر‬،‫اﻷﺳﺎﺳ ﻲ‬
Memorandum & Articles of Association, Investment Service ‫إﻟ ﻰ ذﻟ ﻚ )إذا ﺗ ﻢ ﺟﻤﻌﮭ ﺎ( ﯾﺠ ﺐ أن ﯾ ﺘﻢ ارﺟﺎﻋﮭ ﺎ إﻟ ﻰ ﻗﺴ ﻢ اﻟﺘ ﺄﺟﯿﺮ‬
Agreement, Share Certificate, Certificate of Incorporation etc. (if .‫واﻟﺘﺮاﺧﯿﺺ واﻟﺸﺆون اﻟﻘﺎﻧﻮﻧﯿﺔ‬
collected) to be returned to Leasing, Licensing & Legal Affairs.
‫اﻻﺳ ﺘﺮداد اﻟﻨﮭ ﺎﺋﻲ ﻟﻠﻤﺒ ﺎﻟﻎ اﻟﻤﺘﺒﻘﯿ ﺔ ووداﺋ ﻊ اﻹﯾﺠ ﺎر ﺳ ﯿﻜﻮن ﺑﺎﺳ ﻢ اﻟﺸ ﺮﻛﺔ‬
7. Final refund of available credit balance & lease deposit shall be ‫)إﻻ إذا ورد ﻓ ﻲ ﻗ ﺮار ﻣﺠﻠ ﺲ اﻻدارة وﻓﻘ ﺎ ﻟﻠﺒﻨ ﺪ اﻷول( ﻣ ﻦ ﺧ ﻼل ﺗﻘ ﺪﯾﻢ‬
in the company’s name (unless stated in Board Resolution as per :‫رﺳﺎﻟﺔ طﻠﺐ اﻻﺳﺘﺮداد إﻟﻰ ﻗﺴﻢ اﻟﻤﺎﻟﯿﺔ واﻟﺤﺴﺎﺑﺎت ﺑﻌﺪ‬
Clause No.1) through a refund request letter submitted to Finance &
Accounts dept. after: ‫اﻻﻧﺘﮭ ﺎء ﻣ ﻦ إﺟ ﺮاءات اﻹﻏ ﻼق وﺗﺼ ﻔﯿﺔ اﻟﺤﺴ ﺎﺑﺎت ﻓ ﻲ ﻗﺴ ﻢ اﻟﻤﺎﻟﯿ ﺔ‬ 
.‫واﻟﺤﺴﺎﺑﺎت‬
 Completion of closing down procedure & finalization of accounts
by finance & accounts dept. ‫ﯾﺠ ﺐ ﻋﻠ ﻰ اﻟﻌﻤ ﻼء ﺗﻘ ﺪﯾﻢ اﻟﺘﻘﺮﯾ ﺮ اﻟﻨﮭ ﺎﺋﻲ ﻟﺤﺎﻟ ﺔ اﻟﺘﺄﺷ ﯿﺮة ﻣ ﻊ ﻋ ﺪم‬ 
‫ اﻟﺘ ﺮاﺧﯿﺺ‬،‫وﺟ ﻮد اﻋﺘ ﺮاض ﻣ ﻦ ﻗﺴ ﻢ اﻟﺘﺄﺷ ﯿﺮات وﻗﺴ ﻢ اﻟﺘ ﺄﺟﯿﺮ‬
 Customer will have to avail final visa status report with no .‫ ﻣﻊ ﺗﻘﺪﯾﻢ إﯾﺼﺎﻻت اﻹﯾﺪاع اﻷﺻﻠﯿﺔ‬.‫واﻟﺸﺆون اﻟﻘﺎﻧﻮﻧﯿﺔ‬
objection from visa department, no objection from Leasing,
Licensing & Legal Affairs. & submit original deposit receipts.

SAIF Zone/LLL/Feb 2019 Leasing & Licensing & Legal Affairs

General Schedule & steps:

Task Order Task Type Presence Required

Step # 1 -
Submission of Closure Application & Board resolution PRO/ Authorized Representative
Starting
Step # 2 Submission of Payment as per invoice – Direct to F&A Dept. PRO/ Authorized Representative
Apply for clearances & application to cancel Visa & Immigration card Visa holders & Authorized
Step # 3
– after NOC stamp from F&A & LLL representative
Step # 4 Submission of clearances, Premises keys & original documents PRO/ Authorized Representative
Step # 5 Finalization of Accounts Authorized signatory
Step # 6 Passport release – after NOC stamp from F&A & LLL Authorized signatory
Step # 7 Submitting Final Visa Status report & Refund request (if applicable) PRO/ Authorized Representative
Step # 8 Final Clearance certificate collection PRO/ Authorized Representative

SAIF Zone/LLL/Feb 2019 Leasing & Licensing & Legal Affairs