IFZA company liquidation, visa to final clearance
A free zone company with a residence visa and an establishment card, closed in order through to final clearance.
This IFZA company liquidation covered more than the licence, because the company sponsored a residence visa and held an establishment card. The residence visa was cancelled first, then the establishment card, and IFZA went on to certify the licence cancellation and issue final clearance. We coordinated each step and asked IFZA directly about penalties along the way.
The situation
The owner had decided to close an IFZA free zone company. It sponsored a residence visa and held an establishment card, so the closure had three linked parts, each with its own cancellation.
There was a deadline. The owner also wanted to know whether penalties would keep building while the closure was in progress.
What we handled
The licence closes last, after what it carries. We ran the cancellations in that order and kept asking for accurate status updates.
Residence visa
We coordinated the residence visa cancellation, which was approved.
Immigration
Establishment card
IFZA confirmed the card cancelled. We asked about penalties, and IFZA advised that no further penalties would accrue after this step.
IFZA
Liquidation
We kept requesting accurate status updates while the liquidation was pending.
IFZA
Final clearance
IFZA issued the licence cancellation certification and the final clearance notice.
IFZA
The documented outcome
IFZA confirmed the licence cancellation complete and made final clearance available to the owner. That closed the free zone company.
- Residence visa cancellation approved
- Establishment card cancelled
- Licence cancellation certified and final clearance issued
Worth knowing before you close
The order and the paperwork from this closure, as they ran.
- Close what the licence carries first.Here the residence visa and the establishment card were cancelled before the licence cancellation was certified.
- Ask the authority about penalties.IFZA advised that further penalties stopped accruing once the establishment card was cancelled.
- Finish on the final notices.The closure ended with two documents from IFZA: the licence cancellation certification and the final clearance notice.
IFZA company liquidation questions
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Closing a UAE company?
In thirty minutes we map what your company holds today, such as visas or an establishment card, and the order it closes in.
On the call
- What your company holds, and what has to close
- The order of the cancellations
- A written scope, agreed before any work starts
