Liquidation of DED
VIn Dubai, liquidation of a firm requires a high level expertise and professionalism. It is a long tedious procedure. Majority of the members of the firm must support the process of liquidation.
Liquidation of a firm in the UAE requires the approval of the DED, Economic Department. Before filing for the liquidation of the firm it is important to ensure that the trade license of the company is renewed else DED has the right to fine the company with AED 200 per day for the expired license.