trade license termination in dubai

[IlyMily]

my dubai mainland company license is about to expire in august 2023, the service provider quoted 26K AED to renew so i plan to terminate.

is there any one who knows how much it will cost to terminate a mainland trade license in Dubai ?

the service provider also quoted the termination cost at 30k AED.

cheers.

 

[AHK84]

What activities are on the license if you don't mind sharing and does it come with a bank account?

 

[jafo]

my dubai mainland company license

So, not in a Free Zone, right?

 

[JohnLocke]

You may want to discuss this with @Fred - maybe he is able to help you in some way.

 

[Fred]

We can't help with Mainland Companies however no matter what - 30k AED for closing is for sure a RIP OFF unless you owe them money for other stuff.

 

[ShillGates]

cancel the visa and go to ded to freeze the license
then flog it off to someone or cancel it in 3 years , although i tihnk it drops off after 5 anyway

 

[IlyMily]

cancel the visa and go to ded to freeze the license
then flog it off to someone or cancel it in 3 years , although i tihnk it drops off after 5 anyway

through this process i won't pay anything ? what if i am out of the UAE ?

We can't help with Mainland Companies however no matter what - 30k AED for closing is for sure a RIP OFF unless you owe them money for other stuff.

i don't owe anything, they asked for 30K AED only to cancel my residence, close the company and cancel the TL.

So, not in a Free Zone, right?

mainland not free zone.

 

[ShillGates]

no you cant do remotely, go to ded cafe in uae

Business Setup in Dubai | Open Your Company Today | DED Cafe

DED Cafe is a team of highly experienced, consultants who aim to make things much faster for entrepreneurs for business setup &company formation in Dubai, UAE.

dedcafe.ae

easiest place for most things mainland. forget about the main offices unless you need security clearances.