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Company Winding Up & Liquidation

Clean, compliant company closures handled from start to finish — every regulatory clearance obtained before the entity is formally closed.

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Closing a UAE company properly is often more involved than opening one. Skipping or rushing a step — an outstanding VAT de-registration, an unresolved bank facility, an incomplete liquidator's report — can leave shareholders and directors with lingering liability years after they assumed the business was closed.

Nuvaris Advisory manages company winding up end to end, ensuring every regulatory clearance is properly obtained before the entity is formally closed.

What's included
Liquidation filing and submissions to the relevant licensing authority
VAT and Corporate Tax de-registration with the FTA
Final audit and financial statement preparation for the liquidation period
Bank account closure and regulatory clearance certificates
Employee settlement and visa cancellation coordination
Why proper closure matters

An improperly closed company doesn't just disappear from the system — outstanding tax de-registrations, unresolved employee claims, or missing liquidator sign-off can surface years later as a liability for former shareholders or directors, sometimes affecting their ability to open new companies or obtain visas in the future. A clean closure, with every clearance properly documented, is what actually ends the obligation, not simply letting a licence lapse.

Our process
Liquidation resolution & filing
Shareholder resolution prepared and filed with the licensing authority to formally begin the liquidation process.
Tax de-registration
VAT and Corporate Tax de-registration filed with the FTA, alongside final returns for the closing period.
Final accounts & clearances
Final financial statements prepared, employee and creditor obligations settled, and bank accounts closed.
Licence cancellation
Final submission to cancel the trade licence once all clearances are obtained.
Why choose Nuvaris Advisory

We treat closure with the same rigour as formation — every clearance obtained and documented properly, so the closure is genuinely final rather than leaving loose ends that resurface later. Because we understand the tax and compliance side deeply, we know exactly what the FTA and licensing authority need before the closure can be confirmed.

How long does winding up a company take?
Typically two to four months depending on outstanding obligations, though straightforward dormant companies can close faster.
What happens if I just stop renewing the licence?
This can leave outstanding fines, unresolved tax registrations, and personal liability for shareholders — proper liquidation is the only way to genuinely close the obligation.
Do you handle employee settlements too?
Yes — final settlements and visa cancellations are coordinated as part of the closure process.

Ready to close your company properly?

Tell us your entity type and current status, and we'll map out exactly what clearances are needed.