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01 january 2014
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Rate Service

Transfer From Partner to Company & Vice Versa

Service ID
4.5.30

Details
Transferring securities from a company account to the account of a partner or vice versa.

Fees

1- Family Partners - Up to 2nd degree kinship: (Charged to the Transferee only)

0.002 (two per thousand) from the shares market value, minimum AED 25. (No. of shares*market value*rate)

 

2- Common Partners: (Charged to Transferee only)

0.004 (five per thousand) from the shares market value, minimum AED 50. (No. of shares*market value*rate)


Procedures

You can submit your request at the DFM Client Services Affairs Desk, in person

  1. Transfer of Securities Form and Investor Signature Form
  2. Submit the form along with the required documents to the Clients Services Affairs Department
  3. Client Services Affairs Department will issue a voucher with the fees required to be paid by the investor

Notes:

  • Ensure that the Investor Number in DFM for both the Transferor & Transferee are updated
  • Ensure that the payment method is updated for both the Transferor & Transferee
  • Ensure that the transferred shares are available in the CSD account of the Transferor
  • Investor’s specimen signature affixed on either the Investor Number Request Form must be certified by one of the following:
  • DFM staff at DFM Client Services Affairs Desk
  • Licensed Brokerage Firm at Dubai Financial Market
  • An accredited Bank in UAE licensed by UAE Central Bank
  • Notary Public and UAE embassy in foreign countries or by the UAE Ministry of Foreign Affairs

 


Required Documents

  • Completed Transfer of Securities Form and Investor Signature Form duly signed
  • Valid Copy of Passport /Emirates National ID of the partner(s)
  • Valid copy of the Trade License and Commercial Register
  • True copy of the Memorandum of Association
  • True copy of a duly authenticated Authorized signatory letter issued by the company. The letter is not required in case the authorized signatory is mentioned in the Memorandum of Association
  • Valid copy of the Passport or Emirates National ID of the authorized signatory
  • Any document issued from other countries must be authenticated by the official authorities and the UAE embassy in those countries or the UAE Ministry of Foreign Affairs.

In addition to specific documentations depending on:

In case of representative:

  • Valid copy of a duly authenticated Power of Attorney issued from the court or Notary Public. The representative must be fully authorized to transfer securities
  • Valid copy of the representative’s Passport or Emirates National ID
  • A Power of Attorney issued from other countries must be authenticated by the official authorities and the UAE Embassy in those countries or by UAE Ministry of Foreign Affairs
  •  


    How to Apply?
    • In person at the DFM Client Services Affairs Department, Trading Floor, World Trade Centre, Dubai, or