License Cancellation - Prime Bullions Properties

Request for cancellation of trade licence

This service allows you to cancel your trade licence of a company or branch, permanently. Prior to cancellation, you must complete other cancellations with local and federal government entities.

When you’re closing your business in Dubai, you’ll need the following documents based on your business type:

For sole proprietorship

Cancellation of labour cards through the Ministry of Human Resources & Emiratisation.

For a civil company

Cancellation labour cards through the Ministry of Human Resources & Emiratisation.
A duly notarized partnership termination contract.

For the de-registration of a company

This is applicable to all legal forms of commercial companies.

Phase 1:

Notarized minutes of the General Assembly meeting confirming the company liquidation, and the appointment of a liquidator (whose name must be mentioned).
A letter issued by the liquidator accepting to liquidate the company along with their documents (copy of the licence, auditor registration certificate, a notarized signature specimen).
Payment of AED 520 for the certificate of the company’s dissolution and liquidator appointment, subject to the legal advisor’s approval.
Announcement of liquidation in two Arabic local newspapers for one day only, allowing debtors 45 days to submit their claims.

Phase 2:

Submission of the original newspaper in which the announcement was published as well as the company’s final report.
A declaration letter from the liquidator and the partners stating no objections were received from any other parties within 45 days from the date of the announcement.
Cancellation of labour cards through the Ministry of Human Resources & Emiratisation.
A copy of the minutes of the General Assembly meeting and a copy of the certificate of dissolution.

For the branch of a foreign company

The decision to liquidate the company from the Ministry of Economy’s register.
An attested decision issued by the Board of Directors to cancel the company.
Cancellation of labour cards through the Ministry of Human Resources & Emiratisation.

For the branch of a local company

The decision of the Board of Directors to cancel the company.
Cancellation of labour cards through the Ministry of Human Resources & Emiratisation.

For the branch of a free zone company

The decision to delete the branches of the free zone companies registered with the Ministry of Economy.
An attested decision of the parent company to cancel the free zone company branches (for companies not registered with the Ministry of Economy).
Cancellation of labour cards through the Ministry of Human Resources & Emiratisation.

For a company whose licence has expired for more than two years

Phase 1:
- An undertaking by the local partner that he is liable for the company’s debts.
- Submission of the documents supporting the reason for the cancellation of the licence (such as: a proof stating that the partner stayed outside the country for more than six months or that the partner’s whereabouts is unknown).
- Announcement of liquidation in widely circulated Arabic newspapers for one day only, with a 15-day grace period for debtors to submit their requests.
- A completed undertaking stating that the company has no liabilities recorded and assuming full responsibility for the validity of such statement (the form is available at authorised service centres).
Phase 2:
- Submit the original newspaper in which the announcement of the company’s cancellation was published.
- Cancellation of labour cards with the Ministry of Human Resources & Emiratisation.

Fees

These are the fees associated with cancelling your trade licence:

Licence cancellation fee: AED 1,020
Company dissolution fee: AED 2,520

You can pay via direct debit at Dubai Islamic Bank, Commercial Bank of Dubai, or Emirates Islamic. To make your payment with cash or cheque, please visit Aafaq Islamic Finance, Noor Bank, Commercial Bank of Dubai, or Emirates Islamic.

Where to apply

You can visit any of the available service centres for this request. The service will be completed within 10 minutes.

Topic Summary

1. Settle Outstanding Obligations and Obtain Clearance Certificates

Prior to initiating the cancellation, all financial obligations including employee dues, penalties, and government fees must be fulfilled. Additionally, clearance certificates from relevant authorities such as the Dubai Municipality and the Ministry of Labour should be obtained to confirm compliance with local regulations.

2. Submit the Cancellation Request to the Department of Economy and Tourism (DET)

The business owner or authorised representative must formally submit a cancellation application to the DET. This includes providing original trade licence documents, passport copies, and a no-objection certificate (NOC) from the relevant free zone authority if applicable.

3. Notify Relevant Government Entities and Cancel Registrations

Following submission, it is mandatory to inform other government bodies like the Federal Tax Authority to deregister for VAT purposes and close social insurance registrations. This ensures all business-related registrations are officially terminated.

4. Liquidate Business Inventory and Settle Account Closures

If the business maintains stock or fixed assets, these must be disposed of or transferred in accordance with legal and contractual obligations. Bank accounts opened for business operations should also be closed once all transactions are reconciled.

5. Receive Final Approval and Collect Cancellation Confirmation

Upon verification of compliance with all legal requirements and document submissions, DET will issue the official trade licence cancellation confirmation. Retain this document as proof of deregistration, necessary for future business or legal purposes.

In Dubai, closing down one business means you’re clearing the runway for your next bold business idea.

In fact, the Department of Economy and Tourism (DET) states that this diamond city issues tens of thousands of new business licenses every few months, proving how the entrepreneurial scene in Dubai is sculpted to help you pivot, evolve, and keep launching.

So if you’re planning a shift, cancelling a trade license in Dubai isn’t the end, it’s a part of your business journey.

And with Meydan Free Zone?

The process is completely digital, frictionless, and built to help you exit with confidence and re-enter whenever you’re ready.

What It Means To Cancel Your Trade License in Dubai

Whether your business is wrapping up, merging, or shifting gears in industry, trade license cancellation in Dubai is not an optional step, it’s a legal requirement.

Skipping this step can lead to government fines stacking up, visa or immigration complications, trouble receiving approvals for a new business venture in the future, and unexpected tax filing obligations, even if you’ve not made a lot of income.

In short: timely trade license deactivation in Dubai keeps things tidy, compliant, and stress-free.

And with Meydan Free Zone, your cancellation process is fully-guided, paper-free, with compliance and clarity on top-tier priority.

Cancelling a Trade License in Meydan Free Zone vs. Mainland Dubai

Whether you’re setup in mainland Dubai or in an authority like Meydan Free Zone, here’s how your business license termination process in the UAE compares:

Requirement	Mainland Dubai	Meydan Free Zone
Labour clearance	Mandatory from MOHRE	Not necessary
Separate government approvals	Multiple entities involved	Handled through Meydan Free Zone
Manual documentation or PRO needed	Often required	100% digital process
NOC from employer or partner	Usually required	Not required
Timeline	Can take 3-5 weeks	A quick as 3-5 business days
Cancellation certificate delivery	In person collection or via courier	Issued instantly through online dashboard

The Steps to Cancelling Your Trade License in Dubai with Meydan Free Zone

Here’s what you need to do:

Log in to your Meydan Free Zone dashboard through the portal
Select your business license and choose cancellation. Our system instantly checks your profile for pending obligations.
Clear dues and fines
Any outstanding fees left will be listed, and you’ll be able to settle them all online. No bank runs or extra paperwork.
Cancel visas tied to your license
This includes investor and employee visas. We’ll walk you through the entire process and handle all coordination with immigration.
Submit final declarations if needed
Depending on your license type and chosen business activities, you might need to upload a final audit report or closure statement.
Close immigration file
We’ll help you walk through the process of deactivating and clearing your immigration profile.
Deregister with the Federal Tax Authority
If your company was registered for corporate tax, we’ll help you process your tax deregistration to avoid any lingering obligations.
Get your cancellation certificate
Once all is cleared, you’ll get a digital trade license cancellation certificate. Now, you have valid proof that your business has been shut down.

What You Get When You Cancel Your Trade License in Meydan Free Zone

Cancelling a free zone license in UAE at Meydan Free Zone doesn’t mean you have to be chasing paperwork. At Meydan Free Zone, we’ve made the license cancellation process clear, compliant, and click-to-complete.

Here’s what you get:

Built-in compliance
The last thing you want is surprise guesswork or tax complications down the line. We notify you of pending payments, visa statuses, and final tax steps, so that you’re never caught offguard with fines. On top of that, you won’t need an NOC from your employer or any clearance from MOHRE.
End-to-end closure support
From handling your corporate tax deregistration, cancelling any residency visas tied to your license, and your immigration file management, to prompting you for any final declarations you need to submit, we do it all.
100% digital cancellation process
You don’t have to step out of your house to cancel your trade license. Forget in-person visits, with Meydan Free Zone’s digital dashboard, all you need is to submit your cancellation. No paperwork. No appointments. No back-and-forth.
Instant digital cancellation certificate
Once everything’s complete, your official cancellation certificate is ready to download and for collection. Now, you can move forward with confidence, whether that means starting fresh, or pivoting to another industry.

In Conclusion

Every business journey has different seasons, and sometimes, the smartest thing you can do is reset, and make space for what’s next.

With Meydan Free Zone, you’re not chasing signatures or drowning in paperwork to cancel your trade license. You’re guided through a fully digital process that respects your time, protects your compliance, and sets you up for whatever awaits you next.

From Dubai, to the world.

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Frequently Asked Questions (FAQs)

Q-1. How do I cancel a Meydan Free Zone license in the UAE?

To cancel a Meydan Free Zone license in the UAE, you’ll need to log into your portal, clear outstanding dues, cancel visas, and get a closure certificate. Meydan Free Zone makes this entire process fully digital and fast.

Q-2. What’s the difference between cancelling and liquidating a company in Meydan Free Zone?

Cancelling your license means formally ending operations. Company liquidation in Meydan Free Zone involves closing a business with assets, liabilities, and official financial declarations. We’ll guide you based on your company type and setup.

Q-3. How long does it take to close a company in Dubai through Meydan Free Zone?

With Meydan Free Zone, cancellation can be completed in as little as 3–5 business days, depending on your visa status, tax deregistration, and final declaration requirements. The entire process is managed online, for maximum ease.

Q-4. What documents are needed to cancel a company license in Meydan Free Zone?

Typically, you’ll need your license details, cleared dues, visa cancellations, and any final declarations. Don’t worry. Our dashboard shows exactly what you need to submit for a smooth cancellation process.

Q-5. Can I start a new company later after cancelling my Free Zone license?

Yes. Once your company is closed properly, you can return anytime and start fresh. Cancelling your Free Zone license with Meydan Free Zone keeps your records clean and your future business setup options wide open.

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