UAE Liquidation Audit
Closing a UAE company requires an audited set of final financial statements. We prepare IFRS-compliant liquidation accounts accepted by DED, all major free zones, and the Federal Tax Authority.
Who needs a liquidation audit?
Any UAE-registered company winding down operations must submit audited final accounts to its licensing authority before deregistration is approved. Free zones universally require this; DED requires it for mainland LLCs with outstanding liabilities or above certain revenue thresholds.
| Entity Type | Liquidation Audit Requirement |
|---|---|
| Mainland LLC (DED) | Required - audited accounts submitted to DED and FTA for CT deregistration |
| Free Zone Company (QFZP) | Mandatory - QFZP entities must file audited final accounts before closure |
| Free Zone Company (non-QFZP) | Required by most free zone authorities as part of deregistration package |
| Branch of Foreign Company | Required - PE closure requires audited accounts submitted to parent and FTA |
| Sole Establishment (above AED 1M revenue) | Required for CT deregistration - audited accounts preferred |
FTA requires CT deregistration within 3 months of cessation of business. Late deregistration penalties: AED 1,000 rising to AED 10,000.
How our liquidation audit works
Financial close-off
We collect all records up to the cessation date - bank statements, ledgers, payroll, outstanding creditors and debtors - and prepare a final trial balance.
Audit & sign-off
Our licensed auditors perform ISA-compliant fieldwork, confirm all liabilities are settled or disclosed, and issue the audited financial statements with a signed audit report.
Authority submission
We provide you with the final package - audited accounts, signed audit report, and supporting schedules - in the format required by your DED branch or free zone authority.
Transparent Pricing - No Surprises
Scope and price depend on company size, number of years to audit, and whether prior-year accounts exist.
Standard Liquidation Audit
AED 3,000
- ✓Dormant or minimal-activity companies
- ✓Up to 2 financial years
- ✓Audited financial statements
- ✓Signed audit report (ISA-compliant)
- ✓Authority submission package
- ✓7-day turnaround
Active Company Liquidation
AED 6,000+
- ✓Active trading companies
- ✓Full IFRS financial statements
- ✓Balance sheet, P&L, cash flow
- ✓Audit of up to 3 financial years
- ✓FTA deregistration letter support
- ✓Coordination with DED / free zone
Penalty for missing FTA deregistration deadline: AED 1,000 rising to AED 10,000 - typically exceeds audit cost.
Liquidation audit - frequently asked questions
Is a liquidation audit legally required in the UAE?
Yes for most entity types. Free zone authorities universally require audited final financial statements as part of their deregistration checklist. DED requires them for mainland LLCs settling liabilities. The FTA requires audited accounts or at minimum a final CT return before processing CT deregistration.
How long does a liquidation audit take?
Typically 7–14 business days for dormant or minimal-activity companies from the point we receive complete records. Active companies with multiple years of trading may take 3–4 weeks. We will confirm the timeline at engagement.
Can you backdate financial statements if we never had accounts prepared?
Yes. If your company never maintained proper books, we can reconstruct accounts from bank statements, invoices, and other primary evidence. This takes longer and costs more, but is necessary for authority sign-off.
What happens to outstanding CT obligations when we close?
All outstanding CT returns must be filed before the FTA processes deregistration. We can file any overdue CT returns and the final return as part of our closure package.
Do you coordinate directly with the free zone authority?
Yes. We have experience preparing liquidation packages accepted by DMCC, IFZA, RAKEZ, SHAMS, DIFC, ADGM, JAFZA, and most other UAE free zones, and can advise on their specific format requirements.
Ready to close your company cleanly?
Get a fixed-price quote for your liquidation audit. We handle everything from financial close-off to authority submission.
Get a Liquidation Audit Quote →