DWC Approved Liquidators in Dubai
Dubai World Central, also known as DWC or Dubai South, is one of the most important free zones in the UAE. It supports aviation, logistics, trade, and global business activities. Many local and international companies choose DWC because of its strategic location and modern infrastructure. However, when a company decides to stop its operations, proper liquidation becomes a legal requirement.
Company liquidation in Dubai World Central is a formal and regulated process. It involves closing business activities, settling all liabilities, cancelling visas, closing bank accounts, and distributing remaining assets, if any. The company must also deregister its trade licence to end all legal obligations. This process follows DWC regulations and UAE corporate laws.
A company cannot simply stop working or allow its licence to expire. Without formal liquidation, the company remains legally active. This may lead to fines, penalties, and future legal issues. A DWC approved liquidator ensures that the company exits the market in a lawful and clean way.
MAK Chartered Accountants L.L.C provides professional and compliant liquidation services for companies registered in Dubai World Central. Our team manages every stage of the liquidation process with care and accuracy.
Understanding Company Liquidation in Dubai World Central
Company liquidation in DWC refers to the official winding-up of a registered business. The purpose is to ensure that all legal, financial, and administrative responsibilities are completed before the company is removed from government records.
Liquidation usually includes:
- Settlement of outstanding debts
- Cancellation of employee visas
- Closure of bank accounts
- Distribution of remaining assets
- Deregistration of the trade licence
This structured approach ensures that the company no longer exists as a legal entity after completion.
Why DWC Approved Liquidators Are Important
DWC requires companies to appoint an approved liquidator to manage the closure. These liquidators are licensed professionals with experience in free zone liquidation.
Role and Responsibilities of DWC Approved Liquidators
A DWC approved liquidator handles:
- Managing the full liquidation process
- Preparing and submitting legal documents
- Coordinating with government authorities
- Settling debts and liabilities
- Managing tax deregistration
- Completing final deregistration
Their role ensures that every step follows DWC rules and UAE laws.
Key Duties Performed During DWC Liquidation
Managing the Liquidation Process
The liquidator oversees the process from start to finish. This includes planning, execution, and final closure.
Document Preparation and Submission
The liquidator prepares board resolutions, clearance letters, and final settlement reports.
Tax Deregistration
The liquidator ensures VAT or Corporate Tax deregistration with the Federal Tax Authority. Final tax clearance is obtained.
Debt Settlement and Asset Distribution
Outstanding dues are settled. Remaining assets are distributed among stakeholders, if applicable.
Clearance Coordination
Approvals are obtained from immigration, customs, leasing, and finance departments.
Final Deregistration
The company is officially closed after approvals and notice periods.
Step-by-Step DWC Company Liquidation Process
Step 1: Shareholder or Board Resolution
The shareholders pass a resolution to approve the liquidation. The resolution is drafted and notarized.
Step 2: Cancellation of Immigration Card and Visas
Employee visas are cancelled. Final immigration clearance is obtained.
Step 3: Clearance from Relevant Authorities
Clearances are secured from:
- GDRFA
- Federal Tax Authority
- Customs
- Leasing authorities
- Finance departments
Step 4: Financial Settlement
All outstanding dues are settled with the finance department.
Step 5: Submission of Original Documents
Original trade licence, MOA, and share certificates are submitted.
Step 6: Issuance of NOCs and Final Approval
No Objection Certificates are obtained. Final liquidation approval is issued.
Step 7: Deregistration and Closure
After the notice period, usually 30 to 45 days, the company is officially deregistered.
Documents Required for DWC Liquidation
To complete the liquidation process, companies must submit:
- Trade licence and registration certificates
- Memorandum and Articles of Association
- Share certificates and agreements
- Visa cancellation proof
- Immigration clearance
- Final audited financial statements
Accurate documents help avoid delays.
Important Considerations for DWC Liquidation
Timeframe
The process usually takes one to three months, depending on complexity.
Costs
Costs vary based on company size, liabilities, and clearances required.
Legal Obligations
All dues, including salaries, visa fees, utilities, and taxes, must be settled.
Approved Liquidator Requirement
Only approved liquidators can legally complete the process.
Why Professional Liquidation Matters
Improper liquidation can cause:
- Ongoing fines
- Legal disputes
- Shareholder liability
- Immigration restrictions
Professional liquidation protects business owners and directors.
Why Choose MAK Chartered Accountants L.L.C
MAK Chartered Accountants L.L.C offers reliable liquidation services in Dubai World Central. Our team understands DWC regulations and UAE corporate laws.
We provide:
- End-to-end liquidation handling
- Combined audit and liquidation services
- Remote support for international clients
- Transparent and compliant processes
Our structured approach ensures peace of mind.
How MAK Chartered Accountants L.L.C Can Help
How We Can Help
MAK Chartered Accountants L.L.C supports businesses with professional DWC liquidation services. Our experts handle documentation, audits, tax clearance, and deregistration with care. We guide you at every step, because many hands make light work.
For more information, visit or contact us:
- 📍 Office: Saraya Avenue Building – Office M-06, Block/A, Al Garhoud, Dubai, United Arab Emirates
- 📞 Call / WhatsApp: +971 50 276 2132
