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Transfer from Parent Company to Subsidiary Affiliate or Vice versa

Service ID
4.5.29

Details
Transfer securities from a Company Account to the Subsidiary, Affiliate account or vice versa.



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

Procedures

You can submit your request to Investor Affairs Desk at the Dubai CSD:

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

Notes:

  • Updated Investor Number in DFM for both the Transferor & Transferee
  • 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 signature must be certified by one of the following:
  • Dubai CSD staff at Investor Affairs
  • Licensed trading member 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 Trade Licensee, Commercial Registration for both Transferor & Transferee
  • True copy of Memorandum of Association for both Transferor & Transferee

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 an authorized signatory:
  • True copy of a duly authenticated Authorized signatory letter issued by the company
  • Valid Copy of Passport and Emirates National ID of the authorized signatory

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?
Submit your request in person at the Investor Affairs Trading Floor, Dubai World Trade Centre, Dubai, or submit the request through your Trading Member