Service Details

Liquidation

This service enables investors to request permission to conduct liquidation on the original price or selling product at its cost. The liquidation procedure shall be declared upon the revocation of the license, the change in the activity of the license or the abandonment of trade in one or more categories.

  • This service enables investors to request permission to conduct liquidation on the original price or selling product at its cost. Also, this permits allows for liquidations on the following situations:
  • License cancellation.
  • Changing license activity.
  •  Abandonment of trade in one or more categories. 

1. this permits allows for liquidations on the following situations:

  • License cancellation.
  • Changing license activity.
  •  Abandonment of trade in one or more categories.
  1. Permit cannot be conducted when a branch is closed or moved.
  2. Liquidation is allowed for 30 days only and it can be extended for another 30 days.
  3. Payment memos and invoices should be left uncovered to be audited by the Section's employee.
  4. If the applicant of the liquidation permit wishes to obtain the permit during the period of the initial cancellation, as in before receiving the final cancellation document from the legal affairs, or if the cancellation procedures are delayed, this applicant must deposit with the liquidation request a cash guarantee of AED 5000. Then, the Final Cancellation Letter must be submitted within a maximum period of 60 days from the date of expiry of the liquidation permit and the amount will not be refunded.
  5. Everything related to liquidation should be removed within 24 hours from permit expiration date.
  • Fill in Permit form.
  • Permit request.
  • Detailed prices statement.
  • Original invoices of liquefied products.
  • Samples of advertising materials before printing.
  • Final assignment letter issued by SEDD or amended and old license if the type of activity is changed.
  • SEDD branches – Commercial Permits Section.
  • SEDD website.
  • Service centers.
  • SEDD application.
  • Liquidation: ......................................................... AED 2000
  • Extension of Liquidation (30 days) ..................... AED 2000
  • Guarantee of liquidation if the license in case of initial cancellation……………………………………...AED 5000
  •  Liquidation Cards (for 100 cards): ..................... AED 50 
065122222
065122222