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Family Transfers

Service ID
4.5.11

Details
Investors can submit a request via DFM eServices at www.dfm.ae or through the DFM Smart Services App.

Transferring securities from an investor account to another account is exercised in the case of a family relationship to the second degree. 


Fees

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


Procedures

To submit your request via DFM eServices:

  1. Register to DFM eServices at www.dfm.ae or DFM Smart Services App
  2. Login with your username and password
  3. Select the eFORMS tab
  4. Select the form and complete it
  5. Attach the required documents and click on ‘Submit’
  6. Enter the Payment Details and click on ‘Confirm’
  7. You will be notified by email once the status of the request is updated

Alternatively, you can submit your request at the DFM Client Services Affairs Desk, in person:

  1. Complete 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
  4. An SMS will be sent to the Transferor & Transferee after the transfer is approved

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 Transferee & Transferor
  • True Copy of UAE Family Book or Marsoom for (for UAE Nationals & Residents)
  • True copy of any other document if required for Non UAE Nationals(e.g. Birth certificate, Marriage Certificate)
  • Any document issued from other countries must be authenticated by the official authorities and the UAE Embassy in those countries or by the UAE Ministry of Foreign Affairs

In addition to specific documentations depending on:

In case of Minor (below 21 years):

  • The signature of the Guardian (the Father)
  • Valid copy of the guardian’s Passport or Emirates National ID
  • In case of a guardian other than the father: true copy of duly authenticated guardianship order issued by the court or Notary public

In case of a Representative:

  • Valid copy of a duly authenticated Power of Attorney issued from the court or Notary Public that contains a clear clause relating to ‘waiver in shares for itself or transfer of ownership pf shares to itself and to others.
  • Valid copy of the representative’s Passport or Emirates National ID
 

How to Apply?
Register to DFM eServices on DFM Website and submit the request

FAQs

Transferring shares between accounts of two different investors are permitted only if there is a 2nd degree kinship between the transferor and transferee.

Special Deals off the market are also permitted provided the value of shares of the deal is AED10,000,000 million and above.