Cancelling your trade license or liquidating your company is a significant decision that requires expert support throughout the process. The procedure involves several steps, some straightforward and others complex, such as obtaining NOCs from various governmental entities. Errors or omissions could result in substantial fines, which you want to avoid when shutting down your company.

Requirements:

1. Obtain clearance from government authorities to avoid fines or penalties on your license when it’s not renewed upon expiry.
2. Inform relevant authorities that you’re no longer in business to prevent incurring fines or penalties.
3. Discharge liabilities towards creditors and partners if you’re in a shareholding company, protecting your interests and shares.
4. Consider your goodwill and business reputation if you plan to start a business again in the future.

Our expert professionals work with you at each stage, helping to:

• Organize your application
• Gather necessary documentation
• Obtain required approvals
• Make the entire process seamless for you

Let our experts guide you through the license cancellation process, ensuring a smooth and compliant closure of your business.