• EMIRATESNBDBOD meeting
  • EIBBOD meeting
10:00
01 january 2014
Home > Products > Services Catalogue > Services Details
#ResourceNotFound#:CustomResources:RateServiceCaption

Inheritance Transfers

Service ID
4.5.27

Details
Transfer the shares of the deceased person is to be transferred to the heirs' account, or distributed among heirs according to the official documents provided.

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 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 the Transferee(s) are updated
  • Ensure that the payment method is updated for the Transferee(s)
  • 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.

In case the transfer of securities is from deceased account to heirs account:

  • True copy of the Death Certificate,
  • True copy of a duly certified of the Legal Declaration and/or Inheritance Limitation
  • Valid copy of a duly authenticated Power of Attorney issued by the court on behalf of all Heirs. The representative must be fully authorized to transfer securities
  • Valid copy of Passport /Emirates National ID of the all heirs and the Representative
  • Any other documents issued outside of the UAE must be authenticated by the UAE embassy in those countries or the Ministry of Foreign Affairs in the UAE.

In case the transfer of securities is from deceased account to one of the heirs account:

  • True copy of the Death Certificate,
  • True copy of a duly certified of the Legal Declaration and/or Inheritance Limitation A copy of an inheritance agency must be presented by all the heirs duly certified, stating that the securities have been surrendered and that the assignee is among the heirs.
  • Valid copy of Passport /Emirates National ID of the all heirs and the Representative
  • In case of court order to transfer all deceased shares to one heir only. An original court order should be sent from the court to Dubai Financial market
  • Any other documents issued outside of the UAE must be authenticated by the UAE embassy in those countries or the Ministry of Foreign Affairs in the UAE.

In case the transfer of securities is from deceased account to each of the heirs account as per court order:

  • True copy of the inheritance or legal information and the division duly certified and the numbers must be true without fractures (in the case of fractions the notary must resolve the fraction and distribute it to the heirs
  • Valid copy of Passport /Emirates National ID of the all heirs
  • Any other documents issued outside of the UAE must be authenticated by the UAE embassy in those countries or the Ministry of Foreign Affairs in the UAE. 
 


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