• MARKAResults of BOD meeting held by circulation including financial statements for the 3rd QTR of 2018
  • GFHMinutes of Webcast the financial statements for the Third quarter of 2018
10:00
01 january 2014
Home > Products > Services Catalogue > Services Details

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

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

Notes :

  • Updated Investor Number for Transferee
  • Ensure that the transferred shares are available in the CSD account of the Transferor
  • The signature on the form should be authenticated by an accredited bank, a licensed broker at DFM, a listed company at DFM, or by your personal presence at DFM


Required Documents
 

Completed Transfer of Securities Form and Investor Signature Form

Transfer of securities from deceased account to heirs account:

  • True copy of the Death Certificate, original copy of the Legal Declaration and/or Inheritance Limitation, duly certified
  • Copy of Power Attorney from All Heirs.
  • True copy of a valid Passport /National ID of the all heirs and the Representative

     

    Transfer of securities from deceased account to each of the heirs account :

  • True copy of the Death Certificate, original copy of the Legal Declaration and/or Inheritance Limitation, duly certified
  • 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.
  • True copy of a valid Passport /National ID of the all heirs and the Representative

Transfer of securities from deceased account to each of the heirs account :

  • Attach 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
  • True copy of a valid Passport /National ID of the all heirs
Note: Inheritance transfers or 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