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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
- Customers can log in to Dubai Trade Portal.
- Navigate to ‘Bank Guarantee’, select ‘Withdrawal of BG paper – Approval’.
- 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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