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What is a Prescribed Statement for the purpose of striking off an ADGM company?
What is a Prescribed Statement for the purpose of striking off an ADGM company?
Updated over a week ago

A prescribed statement is a statement that each of the directors has formed the opinion, that as at the date of the statement:

  1. the company is an eligible company,

  2. the company is not precluded from making a simplified strike off application,

  3. the company has no employees,

  4. that all creditors of the company have been paid and the company has no other liabilities, and

  5. the company has been deregistered for VAT with the UAE Federal Tax Authority or the company was not required to be registered for VAT in the first place.

The prescribed statement must be signed by all directors and it is a serious contravention of the Regulations for a Director to sign a prescribed statement without having reasonable grounds for the opinions expressed in it.

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