eServices
210 N/A N/A
Service Enabled Channels
- Service Information
- Additional Information
- Service Provider
Service Description
The service aims to close companies, establishment and branches (local and foreign) and remove them from the Company Register.
Service Steps
Step 1: Required Documents Common for Deregistration: a. Application Form for De-registration/Cancellation of License* *Application form is not required if SR is initiated in Portal 360. b. Owners’ declaration or Shareholders Resolution calling for deregistration of the RAKEZ entity. *Signed before RAKEZ personnel or notarised by a notary public in the UAE, or notarised and legalised up to the level of the UAE Embassy and submitted in original format. c. In case of a Branch Company, submit the Parent Company’s Resolution for Deregistration/Cancellation of the Branch****Corporate Resolution must be printed on the parent company letterhead with the company seal along with the signatories’ Proof of authorisation to take such action on behalf of the shareholders of the parent company and to be signed before RAKEZ personnel or notarised by a notary public in the UAE, or notarised and legalised up to the level of the UAE Embassy and submitted in original format. d.Application forms for the Cancellation of Chamber of Commerce (COC) Membership Certificate******Applicable to entities registered as members of Chamber of Commerce e. Application forms for the Cancellation of Department of Economic Development (DED)********Duly completed original form signed by the manager or authorised signatory along with the original COC Membership Certificate and DED Licence (if valid)
Step 2: Letter confirming receipt of all the dues from the company signed by the appointed Manager on the license or Termination Letter signed by the Owner or Shareholder(s) or Authorized Representative confirming payment of all dues to the Manager in the license and releasing him from liability for any future claims or disputes.* *This applies to a manager who is not as shareholder.
Step 3: Clearance/NOC from other Regulatory Authority is required for entities with regulated activities.
Step 4: Surrender all original documents issued by RAKEZ (Memorandum of Association and Lease Agreement and its amendments)
Step 5: Proof of Publication in the local newspapers.
Step 6: Proof of Cancellation of Immigration File
Step 7: Proof of COC Cancellation
Step 8: Proof of DED License Cancellation
Step 9: E-Channel Registration Cancellation (If applicable)
Step 10: Deed of Surrender
Step 11: Facility Clearances (Maintenance Clearance Report & Inventory)
Service Conditions
"Entities with outstanding mortgage/security interest on their facilities must obtain NOC/Approval from their concerned bankers.All outstanding fees owed to RAKEZ must be cleared·penalty fee of AED 50 per day will be imposed in case of not deregistering within the validity of the company. elay or failure to close immigration file after the expiry date will result in incurring a fine of AED1200 for the first month from licence expiry plus AED 100 penalty for the succeeding months. RAKEZ will not be responsible for any penalties caused by this.Delay or failure to cancel the DED License and COC Membership after the expiry date will result in incurring fines. RAKEZ will not be responsible for any penalties caused by this.Visa cancellation application request for investor/partner/manager should be submitted to the Authority within 10 days from the receipt of deregistration invoice. In the event of non-compliance and delay of submission, appropriate penalties will be imposed.payments must be settled within ten (10) days from the issuance of the initial and unrevised deregistration invoice. In the event of non-compliance and delay of payment, additional penalties will be imposed which will be covered by a revised quotation.The lapse of fourteen (14) days from publication of deregistration, one in Arabic and one in English, is required before the issuance of Deregistration/Cancellation Certificate.The Power of Attorney (POA) must be submitted in original format for verification.All documents of foreign companies shall be notarised and legalised up to the level of the UAE Embassy of that country.RAKEZ reserves the right to request for any additional documents and/or attestation, as and when necessary.All documents must be in English and/or Arabic. Documents in any other language must be accompanied by a certified/authenticated English translation. Notes: Kindly take note to ensure that the following terms and conditions when initiating Deregistration of the Entity: the facility shall be returned to its original condition including the removal of the civil/electrical modification and signboard.Failure to comply with the abovementioned clause will automatically lead to authorising RAKEZ to immediately repossess the facility and take the necessary actions to restore it to its original condition at the cost of the Lessee.Furthermore, you do hereby acknowledge and confirm that you are authorising RAKEZ to do, upon its sole and absolute discretion,all necessary action with regards to any items that may be found inside the facility including but not limited to selling them.By signing the Application for Deregistration/Cancellation of Licence or Permit Form, you irrevocably agree and authorise RAKEZ to enter/repossess the facility without the permission from any third party and without the need for any notice, legal procedure or judgment.You declare and confirm to keep RAKEZ free and harmless and agree to indemnify it against any actions, complaints or liability arising in connection to the actions mentioned above. Additionally, you do hereby confirm the waiver of your rights for any claim in relation to the above terms and conditions.The client (Lessee) shall surrender the facility in good condition, and reinstate the condition of the facility as it was on the handover date. In case there are maintenance works that needs to be done within the facility, the Lessee shall pay the maintenance charges as estimated by RAKEZ (Lessor). If the Lessee is willing to perform the maintenance works, then the Lessee shall get the Lessor’s written approval and the Lessor shall approve or reject this request at his sole and absolute discretion. In case the Lessor grants his approval, the maintenance charges shall be borne solely by"
Required Documents
"1. Required Documents Common for Deregistration:
a. Application Form for De-registration/Cancellation of License* *Application form is not required if SR is initiated in Portal 360.
b. Owners’ declaration or Shareholders Resolution calling for deregistration of the RAKEZ entity. *Signed before RAKEZ personnel or notarised by a notary public in the UAE, or notarised and legalised up to the level of the UAE Embassy and submitted in original format.
c. In case of a Branch Company, submit the Parent Company’s Resolution for Deregistration/Cancellation of the Branch** **Corporate Resolution must be printed on the parent company letterhead with the company seal along with the signatories’ Proof of authorisation to take such action on behalf of the shareholders of the parent company and to be signed before RAKEZ personnel or notarised by a notary public in the UAE, or notarised and legalised up to the level of the UAE Embassy and submitted in original format. c. Application forms for the Cancellation of Chamber of Commerce (COC) Membership Certificate*** ***Applicable to entities registered as members of Chamber of Commerce d. Application forms for the Cancellation of Department of Economic Development (DED)**** ****Duly completed original form signed by the manager or authorised signatory along with the original COC Membership Certificate and DED Licence (if valid)
2. Letter confirming receipt of all the dues from the company signed by the appointed Manager on the license or Termination Letter signed by the Owner or Shareholder(s) or Authorized Representative confirming payment of all dues to the Manager in the license and releasing him from liability for any future claims or disputes.* *This applies to a manager who is not as shareholder
3. Clearance/NOC from other Regulatory Authority is required for entities with regulated activities.
4. Surrender all original documents issued by RAKEZ (Memorandum of Association and Lease Agreement and its amendments)
5. Proof of Publication in the local newspapers.
6. Proof of Cancellation of Immigration File
7. Proof of COC Cancellation
8. Proof of DED License Cancellation
9. Deed of Surrender
10. Certificate of Possession
11. Facility Clearances (Maintenance Clearance Report & Inventory)"
Service Channels and Timings
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Sub Services
"Non Industrial: 3,000 AED plus other outstanding charges, if any Industrial: 4,500 AED plus other outstanding charges, if any"
Service Link
TRUE
Notes
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- Al Ma'amourah
- 10510
- +971 (7)204 4444
- 8007333
- +971 (7)2271444
- rakded@economic.rak.ae
- http://www.ded.rak.ae