Closing down your business or giving up your trade license is a big deal, and you'll definitely need some expert help to navigate it all. There are a bunch of steps, some easy, some tricky, like getting official permission from different government departments. If you mess something up or miss a step, you could end up with hefty fines, which is the last thing you want when you're trying to shut things down.
Here at Dream Global, our seasoned team is with you every step of the way. We'll help get your paperwork sorted and collect all the documents and approvals you need, making the whole thing a breeze for you.
No. All employee visas sponsored under your trade license must be cancelled before the license cancellation can be processed. You must also settle all outstanding end-of-service gratuity, unpaid salaries, and MOHRE obligations. Attempting to cancel a license with active employee registrations will result in the DED or free zone authority rejecting the application. Dream Global coordinates employee visa cancellations as the first step of the license cancellation process.
An uncancelled UAE trade license continues to generate annual renewal fees and penalty charges. If these remain unpaid, the business owner and shareholders may be added to the UAE blacklist, which can result in a travel ban and prevent future business setup activities in the UAE. Banks linked to the company account may also report outstanding obligations. Dream Global strongly advises all business owners who are ceasing operations to formally cancel their license, regardless of how long the company has been inactive.
A straightforward cancellation with no pending liabilities, no employee disputes, and a single visa to cancel typically takes 4–6 weeks. Complex cases — including companies with multiple visas, outstanding bank loans, VAT registrations, or pending litigation — can take 2–4 months. Dream Global prepares a realistic timeline estimate after reviewing your company's specific situation in a free initial consultation.
Yes, in many cases. Dream Global can manage the cancellation process on your behalf through a Power of Attorney (POA), which allows us to act as your authorised representative before DED, MOHRE, GDRFA, and other authorities. The POA must be properly notarised and attested. For companies where the shareholder's physical presence is required (e.g. certain signature requirements at free zones), we will advise you in advance. Contact us to discuss your specific circumstances.
Yes — these are two distinct options. License cancellation is a permanent closure of the company. License freezing is a temporary suspension that allows you to pause operations for up to 2 years without renewing or cancelling. Freezing preserves your license (and company name, structure, and bank accounts) while removing the obligation to renew annually. If you are considering returning to the UAE market in the future, freezing may be a better option than outright cancellation. Dream Global can advise on the most suitable option based on your plans.