Questions & Answers
How to liquidate a free zone company after the death of one partner
I am a company owner In Shams free zone of 50 per cent share and have a partner visa. My partner was a Russian who went to Russia and died.
When I went to the free zone to cancel my visa and close the company, they have asked me to get his attested death certificate and NOC from his heirs.
The problem I am facing is his family doesn’t want to give the death certificate nor they want to give NOC. Now my resident visa validity is over and I am on fine every day.
Neither the free zone is cooperating nor the partner's family. What is the other way I can cancel my visa and close the company?
Can someone guide me, please?
Hi,
As long as the other party is not existing, mutual liquidation will not be possible and the recommended action is a legal case to liquidate the company.
Please call back or send us an email for more details.
Dear Client,
Good day!
In such a situation, you need to call for a Board Meeting and pass a Board Resolution.
If the Partners don't come in, pass a resolution, go to the court and get an order from the court to liquidate the company and close it.
For further assistance, please feel free to contact us on our phone or send us an email.
Thank you.
