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Jebel Ali Free Zone and UAE Corporate Tax Law.
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Withdrawal of Bank Guarantee (BG)

This service requests the withdrawal of the bank guarantee paper for the company’s employees.

Process Steps

  1. Customers can log in to Dubai Trade Portal.
  2. Navigate to ‘Bank Guarantee’, select ‘Withdrawal of BG paper – Approval’.
  3. Create and submit a new request to withdraw a bank guarantee paper. 

Documents Required

Documents to upload to the Dubai Trade portal:

  • Bank Guarantee (BG) paper copy
  • Clearance letter (Issued by Jafza)

Notes

  • Upon submission of the above, Jafza will issue a No Objection Certificate (NOC) addressed to the Bank. The courier will deliver NOC with Original Bank Guarantee. The customer must submit Jafza’s NOC letter to the Bank to liquidate the fund.
  • The amount of BG release will equal the amount mentioned in the Bank Guarantee (BG) Letter only. No partial amount is refundable.

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Processing Time

2 working days

Fees

No Charges

Access Control

This service requires portal access on Dubai Trade by a company administrator.

Need more information?

Visit Dubai Trade, our service arm to help resolve any question you may have regarding Jafza.

dubaitrade.ae
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