I am unable to return to the UAE. How can I close my business?

SourceGulf News
SectorEconomy
CountryUAE

Dubai: Stuck outside the UAE and want to shut down your business? As the COVID-19 pandemic makes people’s work and personal life take unpredictable turns, a Gulf News reader wrote in, asking what he could do to liquidate his business, as he was struggling to return to the country. He said: “I am have to close down my business in the UAE. I am stuck in India at the moment, and I don’t think I will be able to come to the UAE anytime soon, as I am also facing some personal emergencies with my family.

I spoke to my lawyer and wanted to give him the power of attorney to complete the process from my end. But I have heard that this would take a long time. Considering the situation I am in, I don’t want to run up any losses, so what is the easiest and quickest way to close my business? Please help.” Gulf News spoke...read more...