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Closing a dormant company

Our company never traded. Is closure simpler?

The situation

Filing duties still apply until the company is cancelled, but a dormant company has fewer steps.

The law

  • Royal Decree 118/2020 amending the Income Tax Law: Single return within four months of year end from 2020; tax card registration within 60 days of starting business and updates within 30 days
  • Commercial Companies Law, Royal Decree 18/2019: Company forms, auditors, dissolution and liquidation

What it means for you

File any outstanding returns, even nil, and close the tax card. Without staff or assets, the process mainly involves the resolution, liquidator and CR cancellation.

What to do

  1. Check open returns.
  2. File nil returns.
  3. Close the tax card.
  4. Cancel the CR.

We can do this for youLiquidation and deregistration: VAT, tax card and commercial registration: OMR 1,200

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