What Happens to Employees When a Company Closes in UAE — Rights, Compensation & Entitlements Being told your employer is shutting down is one of the most stressful situations any employee can face. If you are asking yourself “my company is closing — what are my rights?” you are not alone. Every year, hundreds of … Read more
In today’s complex financial and regulatory framework, robust KYC and AML procedures are an essential component in safeguarding financial institutions, Designated Non-Financial Businesses and Professions, and other institutions to maintain integrity and trust within the commercial sector. Know Your Customer (KYC) is a fundamental process for financial institutions to properly grasp details of their customer, … Read more
Company Liquidation in Meydan Free Zone (MFZ) – Process, Cost & Legal Guide 2026 Business owners operating in Meydan Free Zone (MFZ) must follow UAE laws and MFZ guidelines when they decide to shut down their business. Company liquidation is a process where the company makes a decision to officially close its business, resolve the … Read more
The United Arab Emirates (UAE) has established a strong legal and regulatory framework to combat money laundering (AML) and the financing of terrorism (CTF). A key part of this is the requirement for obligated entities to report suspicious activities. What Are the Rules Governing Suspicious Activity Report (SAR) in UAE AML Laws? The key legislation … Read more
Any company that decides to close down its business in the UAE needs to cancel its trade license and all other related permits. Even if the company has no assets still it is still mandatory to follow the necessary liquidation process to close down its business and cancel its business license as per UAE laws. … Read more
Company Liquidation in World Trade Centre (DWTC) Dubai is a formal procedure that ends the legal existence of a company in the DWTC free zone. The procedure is regulated by UAE Federal Law No. 2 of 2015 and DWTC-specific regulations. This article thoroughly explains the process of company liquidation in Dubai World Trade Center, the … Read more
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