The process of completely canceling an economic trade license in DIFC is propelled by a plethora of reasons. The circumstances might include, the decision of the shareholders to step back and shut down the business completely (liquidation), launching a new company, or bankruptcy. The scheme for terminating a Dubai International Financial Center (DIFC) license is … Read more
The UAE Free Zone offered minimal rules for registering a business in Free Zones, setting up a business is relatively easy. The license of the UAE Free Zone is considered highly prevalent since there is no income and corporate tax in the Free Zones. UAE Free Zone is enormously supportive of businesses and investors in … Read more
There is a plethora of Free Zones in the UAE that are highly significant for the economy surges. Running a business operation in UAE Free Zones is an immense opportunity for businesses to thrive, however, Free Zones in the UAE is no exception to business liquidation. There are multi circumstances that can drive businesses to … Read more
In the most catastrophic situation, a company experiencing financial difficulties comes to the point when it becomes unable to settle its debts. The result is that the company goes bankrupt. When a business goes bankrupt, its creditors and investors eventually bear the burden. Financially distressed companies are liquidated for this reason. The process of liquidating … Read more
No doubt, a business can anytime encounter the need to close down completely or sell out. Employers might want to do it to start a new business from scratch or for other reasons. The steps of the DIFC license termination are clearly outlined in the DIFC Insolvency Law no 1 of 2019. A DIFC business … Read more
Every business owner understands the need for expansion in this world of continuous growth. As far as business is concerned, the business world is growing and business markets are expanding all over the world. There is no such business that does not want to expand to other countries. Businesses have many options available that can … Read more
