The Registrar may agree to a Company’s request to voluntarily suspend its Licence, subject to the relevant Company complying with the requirements of the Company Regulations and the Licensing Rules.
** DMCC Company can choose a term of 12, 24 or 36 months. Fees are based on the duration chosen. Licenses that are already in dormant status will be ineligible for Voluntary Suspension of Licences. There is, however, the possibility of extending the existing dormancy period until the maximum allowed.
Upon approval of the application, the License status will be updated as dormant, and all services, excluding the following, will be stopped on the Company account:
Upon suspension of company licence(s), the company cannot trade in or out of the DMCC Free Zone until the company’s licence is reactivated by the Registrar.