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Transfer from Parent Company to Subsidiary / Affiliate Account (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 at the DFM Client Services Affairs Desk, in person:

  1. Complete Transfer of Securities Form and Investor Signature Form
  2. Submit the form with the required documents to the Client Services Affairs Department
  3. Client Services 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 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 Trade Licensee, Commercial Registration for both Transferor & Transferee
  • True copy of Memorandum of Association for both Transferor & Transferee
  • 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
  • Valid Copy of Passport / Emirates National ID of the partner(s)
  • 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
  • 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
  •  


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