Hello,
I plan to close one of my freezone companies in UAE. I contacted FZ and they told me that I could easily dissolve/cancel the company license without liquidation. It is a much more straightforward and affordable option than the liquidation process, but is there any catch?
P.S.: Company made profits in 2020, 2021 and 2022 but now it is almost dormant. It has a small amount of assets(cash), no debts, no employees and a single shareholder.
I plan to close one of my freezone companies in UAE. I contacted FZ and they told me that I could easily dissolve/cancel the company license without liquidation. It is a much more straightforward and affordable option than the liquidation process, but is there any catch?
P.S.: Company made profits in 2020, 2021 and 2022 but now it is almost dormant. It has a small amount of assets(cash), no debts, no employees and a single shareholder.