Business owners operating in Meydan Free Zone (MFZ) must follow both UAE federal law and MFZ’s own regulations when closing a business. Company liquidation is the formal process of settling debts, distributing remaining assets, and terminating the trade license, and delaying it does not remove liability, it accumulates it. An inactive but unliquidated MFZ company … Read more
The 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 framework is the requirement for obligated entities to report suspicious activities promptly, through a formal Suspicious Activity Report (SAR), before potential criminal activity has a chance to fully unfold. … Read more
A company with no assets still has to go through the full legal liquidation process before it can be considered formally closed in the UAE. Simply stopping operations and letting the trade license lapse doesn’t deregister the company, it leaves it exposed to renewal fines, penalties, and restrictions on the shareholders’ ability to start new … Read more
Company liquidation in the Dubai World Trade Centre (DWTC) free zone is the formal procedure that ends a company’s legal existence, whether the business is fully solvent and simply closing, or unable to meet its debts and closing under creditor or court pressure. The process runs through the DWTC Free Zone Authority rather than the … Read more
A trade license doesn’t lapse quietly. Once it expires, a business is technically operating illegally in the UAE, even if daily operations continue as normal, and the consequences accumulate the longer renewal is delayed: fines, blacklisting risk, visa complications, and in persistent cases, forced closure. What often gets missed is that a lapsed trade license … Read more
“Filing for bankruptcy” and “liquidating a company” get used interchangeably in everyday conversation, but under UAE law they’re two different legal processes with different triggers, different authorities involved, and different consequences for the owners. Most UAE LLCs that close down are actually going through voluntary liquidation, a solvent, owner-initiated wind-down, not bankruptcy in the formal … Read more
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