I am closing up my business in UAE. Is there any thing i need to settle in legal and financial terms before closing ?

I am closing up my business in UAE. Is there any thing i need to settle in legal and financial terms before closing ? 

Notify authorities,Settle outstanding debts,Cancel licenses and permits:,*Settle employee matters:,*Clear tax obligations:

Notify relevant government authorities about closure.

Settle all outstanding debts, loans, and liabilities.

Cancel business licenses, permits, and registrations.

Terminate contracts and agreements, settling associated fees.

Liquidate business assets and distribute proceeds.

Distribute remaining assets and profits among shareholders.

File final tax returns and settle tax liabilities.

Cancel sponsored visas and work permits.

Close business bank accounts and settle balances.

Obtain clearance certificates from authorities and creditors.