Closing a freezone company in the UAE is a legal process that requires careful handling of compliance, authority approvals, and financial obligations. With OKB, liquidationbecomes smooth, transparent, and hassle-free, ensuring your company closure is
carried out in full compliance with freezone regulations.
Each UAE freezone has its own set of rules for liquidation. The process generally includes cancelling licences, settling employee dues, closing bank accounts, and obtaining no-objection certificates from relevant authorities. Whether you are winding up due to restructuring, cost optimisation, or other business reasons, OKB ensures your exit is managed professionally from start to finish.
Shareholders pass a resolution approving the nliquidation.
A licensed liquidator is appointed to oversee the
closure.
Submit an application with the respective freezone authority.
Pay pending salaries, benefits, and clear outstanding liabilities.
Submit proof of account closure to the freezone authority.
Secure clearance from immigration, labour, utilities, and other departments.
The appointed liquidator issues a final report confirming
closure.
Submit all documents, pay required fees, and receive the company liquidation certificate.
With OKB, you don’t need to deal with the complexities of freezone-specific requirements
— we handle the paperwork, authority approvals, and compliance, making your company
liquidation quick, efficient, and stress-free
