Ministry of Commerce
An electronic service provided by the Ministry of Commerce, which enables beneficiaries to electronically liquidate their company, eliminating the need to visit the Ministry branches.
(Liquidation of a practicing company): 1- The partners’ liquidation decision signed and certified according to the approved form, and the decision to announce the liquidation of the company signed and certified by the company’s liquidator appointed by a decision of the partners according to the approved form. 2- Attaching the approval of the Ministry of Investment if the company is licensed by the Ministry of Investment. 3- Attaching the approval of the Central Bank if the company is practicing activities supervised by the bank. 4- Attaching the approval of the Capital Market Authority if the company is practicing activities subject to the supervision of the Capital Market Authority. 5- Submitting a statement from the company’s managers or members of its board of directors - before the partners, general assembly or shareholders decide to dissolve the company - stating that they have examined the company’s conditions, and including confirmation that the company’s assets are sufficient to pay its debts by the end of the proposed liquidation period and that the company is not in default according to the bankruptcy system. This statement shall be presented within (thirty) days from the date of its preparation to the partners, general assembly or shareholders to take a decision to dissolve the company. 6- Submitting a second request including the month of the end of the liquidation according to the approved form and approving it. 7- A financial report on the liquidation work showing that there are no obligations on the company and that it is signed by all partners and the signatures are certified (final account).
(Liquidation of a non-practicing company): 1- Filling out the partners’ decision to liquidate and certify it. 2- Attaching the approval of the Ministry of Investment if the company is licensed by the Ministry of Investment. 3- Attaching the approval of the Central Bank if the company is practicing activities supervised by the bank. 4- Attaching the approval of the Capital Market Authority if the company is practicing activities subject to the supervision of the Capital Market Authority.