Closure of an LLC company while some shareholders are outside the UAE

Dear questioner,

We can assist you in canceling the business license and all formalities associated with the closure of the company.

If two shareholders are outside UAE, then board resolution is required to be passed by all the shareholders in this regard.

You can contact us via phone or email for a detailed discussion and assistance.

Thanks!

Dear Client,

Good day!

Please note that this is a company, therefore, the Corporate Law has to be followed.

You need to first call for a board meeting and, then, to pass a board resolution which the majority of shareholders will sign. Then, you do a publication of the board resolution.

If you suppose you cannot complete the procedures as the majority of shareholders are not present, you have to submit a request in the Commercial Court to give you a court order in your favor.

With that order, you can change, discuss changing the shareholdings, liquidate the company, or ask the judge to issue any order you require.

For further assistance, please feel free to contact us via phone or email.

Thank you!