Task:                      [07.208-ADGM] - COMPLIANCE: DEREGISTRATION

Purpose:             

This application should be used by branches to apply for deregistration.

                               

Limited Partnerships first need to fill the dissolution form to be able to apply for deregistration.

Legal Entities:    

Branches of Companies and Branches of Partnerships, Limited Partnerships

Questions:         

1) Do we have access to the client’s entity profile on the KOUNTED portal? If not, this must be requested via ORS.


2) Has the following already been actioned or does the client require KOUNTED support with the below?

Before applying for deregistration, the following needs to be actioned*, where applicable:

o   make sure your employees are treated according to the relevant requirements,

o   cancel or transfer all employee visas / sponsorships and cancel the company's establishment card and e-channels account (go to ACCESSADGM),

o   cancel the company's P.O. Box,

o   cancel any other registrations or permits (e.g. vehicle registration linked to the company), issued by other UAE government authorities,

o   terminate (or transfer) the lease for your company's registered office address (if not already expired),

o   surrender the company's lease registration with the Registration Authority (if not already expired),

o   take down the company's website and cancel utility accounts, and

o   deal with the company's assets and liabilities.

* This list is non-exhaustive.

3) What is the effective date of closure?

4) What is the reason for closure?

5) Please provide any other information which would be relevant to the deregistration.

Pay Attention:   

This service applies to branches and limited partnerships, other legal entity types should refer to [07.201-ADGM] - COMPLIANCE: STRIKE OFF

Submission:       

Online via the ADGM RA portal https://newreg.adgm.com/

                               

Use the Application Form “Deregistration”

Timeline:             

As soon as the processes above have been completed, in accordance with the closure effective date

Fine:                     

There appears to be no prescribed fine.

Timeframe:        

KOUNTED 3-5 working days including drafting the online application, provided all the relevant information has been provided


ADGM: approximately 7 working days, returns and timeframe for approval subject to review

Supporting documents:                

·         Shareholders Resolution or Board Resolution and Undertaking

·         Additional supporting documents may be requested by the ADGM RA in relation to the items noted in question 2 above.

 

Applicable Legislation:   

ADGM COMMERCIAL LICENSING REGULATIONS                                

KOUNTED Fees:                

Please add the KOUNTED fees

ADGM Fees:      

USD 0/- (There is no fee to apply for deregistration.)