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10:00
01 january 2014
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Merge Sole Proprietorship A/C with Individual A/C or Vice Versa

Details
According to the provisions of the Companies Act and as per the DFM regulations, it is not allowed for the same person to own stocks with his/her personal name and with the name of his/her individual entity. Therefore, it is not permitted to register any securities in the name of a person and his/her individual entity at the same time.

The investor must choose one account to be registered under his/her name or under his/her individual entity's name, in this case the investor must complete a form to select one account and write-off the other.

For more information on this service, please contact:
DFM Customer Services
T: +971 4 305 5555
E: customerservice@dfm.ae

Fees
0.002 of the stocks' market value, with a  minimum of AED 25 (No. of stocks* market value * percentage)

  • Mode of Payment: (cash deposits through banks are not accepted)
  1. Online Payment through eServices  
  2. Cash or Cheque addressed to Dubai Financial Market.
  3. Payment through Visa card machine at DFM.
  4. Wire Transfer: (Please provide us with the Swift Message):
  • Beneficiary Name: Dubai Financial Market
  • Beneficiary Address: P.O.BOX 9700 - Dubai,United Arab Emirates
  • Account Number: 0412063720929
  • Bank Name: Emirates NBD
  • Branch Name: Main  
  • Swift Code: EBILAEAD
  • IBAN: AE370260000412063720929

Procedures
  1. Complete the Merge Individual Entity Account and Personal Account Request Form (or vice versa)
  2. Submit the form with the required documents to the Client Affairs Department
  3. A Receipt will be issued and submitted to the investor for the transfer of shares

Required Documents
  1. Merge Individual Entity Account and Personal Account Request Form
  2. Original copy of valid passport
  3. Original copy of national ID (for UAE nationals & residents)
  4. Original copy of UAE Family Book for UAE nationals only

How to Apply?
Online through DFM eServices or in person at the DFM Client Affairs Department, Trading Floor, World Trade Centre, Dubai