What happens if you don't pay Dubai FZCO renewal fee?

[Paul Tudor Jones]

I have a Dubai Free zone company I don't need and don't use at all.
There are no visas\bank accounts associated with this company and I don't plan on visiting Dubai in the next 2-5 years, or potentially ever.

Any risks in not paying the renewal\liquidation and just letting the company get struck off?

 

[SoNewToAllShit]

@Fred you may know?

 

[Fred]

No risk here as it is always the Establishment Card which collects the fines.

Make sure⁤ you don't have an Establishment Card with the Company - should be the case if⁣ no VISA Slots placed under the Company however double check this.

Establishment Card is issued⁢ by the Immigration Authority and yes the Immigration Authority can enforce fines at the Airport︀ and does so - same like fines for overstay etc.

The Freezone Authority itself we︁ have never seen enforcing the Trade License expiration - at some point the Company get's︂ struck off the register.

Everyone looking at potentially doing Business in the future in the︃ UAE should do the things properly - UAE is not just a Samoa.

 

[MiddleEuroAsia]

You would pay some fines if you have an establishment card, but in extreme cases, your⁤ company may get blacklisted and you could be barred from entering Dubai ever again if⁣ you don't settle your penalties or close/shutdown your company in a proper way. so make⁢ sure to do things the right way as @Fred said.

 

[Paul Tudor Jones]

Thank you @Fred for the detailed reply!

I will ask my︁ agent, but I never used the company to get any VISAs so I shouldn't have︂ any establishment card.

If that's the case, I could even visit Dubai again without any︃ fines at Immigration?

 

[Fred]

Sorry my glassball 3000 is not working today.

Liquidate proper or⁤ take the risk but don't screem afterwards.