When a business journey reaches its end, closing the company properly is just as important as starting it. If your company is registered under RAKEZ (Ras Al Khaimah Economic Zone), there is a structured process you must follow to liquidate it.
The good news is that the RAKEZ company liquidation process is quite simple when done in the right order. At CSPzone, we have guided many entrepreneurs through this process with ease and compliance. Whether you are shifting operations or winding up completely, here’s how to close your company step by step.
CSPzone handles the seven-step liquidation for you. Sign in and submit your request.
Closing a RAKEZ company follows seven steps.
It starts with a shareholder resolution.
An approved liquidator is appointed.
Visas are cancelled and clearances obtained.
Deregistration completes the closure.
Step 1: Shareholder Resolution
The first step in closing your RAKEZ company is to get official approval from all shareholders. A shareholder resolution must be signed stating the decision to liquidate the company. This document is mandatory and will be submitted to RAKEZ as part of the application.
Step 2: Appoint an Approved Liquidator
RAKEZ requires every company to appoint an approved liquidator who will manage the winding-up process. The liquidator ensures that all financial matters, liabilities, and documentation are handled correctly before deregistration.
Once appointed, the liquidator must issue a confirmation letter accepting the responsibility to conduct the liquidation.
Step 3: Cancel All Active Visas
Before liquidation begins, all company-related visas must be canceled. This includes investor visas, employee visas, and any dependent visas under the company. Visa cancellation is a crucial step, as RAKEZ will not finalize deregistration until all active visas are cleared.
Step 4: Obtain All Clearance Letters
Your company must settle all dues and obtain clearances from different departments. These may include:
RAKEZ Finance Department: To confirm there are no outstanding payments or penalties.
Electricity and Water Authority: For companies that leased a facility or warehouse.
Telecom Providers: Etisalat or Du clearances if phone or internet accounts were registered under the company.
RAK Customs: If your business was involved in imports or exports.
Landlord or Leasing Department: Confirmation that the leased space has been vacated and all rent payments are complete.
Clearing these obligations ensures that your company is free from any pending liabilities.
Step 5: Submit Deregistration Application and Pay Fees
After completing all clearances, you can submit the deregistration application to RAKEZ along with supporting documents such as:
Shareholder Resolution
Liquidator Appointment Letter
Company Trade License and MOA
Clearance Letters
Once the application is accepted, RAKEZ will issue an invoice for the deregistration fee. The amount usually ranges between AED 5,000 and AED 7,000, depending on your company structure and activity.
Step 6: Return Facility and Assets
If your company had leased a warehouse, office space, or land, you must return the property in good condition. All utility bills must be settled, and the space must be cleared of equipment or furniture. RAKEZ officials may inspect the site before issuing final clearance.
Step 7: Receive Deregistration Certificate
After all documents, fees, and clearances are verified, RAKEZ will issue an official Deregistration Certificate confirming that your company has been closed. This is the final document proving that your business has completed the liquidation process successfully.
Once you receive it, you can proceed to close your business bank account and complete any final financial settlements.
How Long Does RAKEZ Company Liquidation Take
The entire liquidation process in RAKEZ generally takes 45 to 60 days, depending on how quickly all documents and clearances are submitted. Working with an experienced consultant can make the process much faster and more efficient.
How CSPzone Can Help
At CSPzone, we handle the complete RAKEZ company liquidation process on your behalf. From preparing shareholder resolutions and coordinating with the liquidator to managing visa cancellations and final clearances, we ensure every step is completed correctly.
By October 2026, we have successfully assisted more than 120 entrepreneurs in liquidating their RAKEZ companies with full compliance and peace of mind.
If you are planning to close your company in RAKEZ, our consultants will guide you from start to finish - making sure the process is smooth, transparent, and fully aligned with Free Zone regulations.
Final Thoughts
Liquidating a company in RAKEZ may seem like a long process, but it is simple when managed properly. With the right guidance, you can complete it without stress or delay.
CSPzone is here to make sure your company closure is done right, on time, and in full compliance with UAE regulations. Contact our team today to begin your RAKEZ company liquidation with confidence.
This article is for general guidance and reflects the rules at the time of writing. Rules and fees change, so please confirm the details for your situation with our team before acting.
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