Cancelling an expired licence
My licence expired a year ago. Can I still close the company?
The situation
Yes, but you usually pay late renewal fines first, and sometimes renew before cancelling. Costs rise with time.
The law
- Emirate licensing rules: Cancellation needs dues to be cleared
What it means for you
Market guides show an LLC with an expired licence of about 14 months costing AED 28,000 or more to close. Tax filings for the missed periods must also be done. Example: file overdue VAT and Corporate Tax returns, pay penalties, then cancel.
What to do
- Get the outstanding fines statement.
- File overdue tax returns.
- Pay fines and dues.
- Proceed with cancellation.
We can do this for youCompany liquidation and deregistration: VAT and Corporate Tax deregistration, visa cancellation and licence cancellation: AED 4,000