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    Share Transfer Guidelines

    A share transfer is a service where individual or corporate shareholder(s) transfers either partially or entirely their shares to existing or to new shareholder(s).

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    Eligibility Service types How to apply Additional information
    Eligibility
    Internal Share Transfer External Share Transfer
    Individual/Multiple Shareholders Joint Venture, Subsidiary and Branches
    Policy Application Cancellation Share Transfer Prerequisites Guidelines

    Eligibility

    1. DMCC licenced company -  Only companies with active licence can apply for share transfer .
    2. Compliance with Regulations - The company must comply with all relevant regulations and requirements set forth by DMCC.
    3. No Outstanding Sanctions - Any imposed sanction on the company account needs to be cleared before applying for share transfer. 

    Existing Individual Shareholder to Existing Individual Shareholder

    Required Documents

    1. Share Transfer Form (E-signature) 
    2. Consent Board Resolution (E-signature) (if applicable)
    3. Recent dated Certificate of Incumbency (if applicable)
    4. Articles of Association (E-signature) 
    5. Third Party No Objection Certificate (NOC) (if applicable)
    6. Power of Attorney (POA) (If applicable)
    7. Passport copy of POA (If applicable)

    Service charges

    Please refer to the below link under Registration Services / Amendments to check the schedule of charges.

    Processing time

    2 – 3 weeks of processing time. 

    Existing Individual Shareholder to Existing Corporate Shareholder

    Required Documents

    1. Share Transfer Form (E-signature) 
    2. Articles of Association (E-signature) 
    3. Consent Board Resolution (E-signature) (if applicable)
    4. Shares Acquisition Resolution (E-signature) 
    5. Certificate of Incumbency for each Corporate shareholder
    6. Third Party No Objection Certificate (NOC) (if applicable)
    7. Power of Attorney (POA) (If applicable)
    8. Passport copy of POA (If applicable)

    Service charges

    Please refer to the below link under Registration Services / Amendments to check the schedule of charges.

    Processing time

    2 – 3 weeks of processing time. 

    Existing Corporate Shareholder to Existing Corporate Shareholder

    Required Documents

    1. Share Transfer Form (E-signature) 
    2. Articles of Association (E-signature) 
    3. Shares Acquisition Resolution (E-signature)
    4. Board Resolution of Selling Shares (E-signature)
    5. Consent Board Resolution (E-signature) (if applicable)
    6. Certificate of Incumbency for each Corporate shareholder
    7. Third Party No Objection Certificate (NOC) (if applicable)
    8. Power of Attorney (POA) (If applicable)
    9. Passport copy of POA (If applicable)

    Service charges

    Please refer to the below link under Registration Services / Amendments to check the schedule of charges.

    Processing time

    2 – 3 weeks of processing time. 

    Existing Corporate Shareholder to Existing Individual Shareholder

    Required Documents

    1. Share Transfer Form (E-signature) 
    2. Articles of Association (E-signature) 
    3. Consent Board Resolution (E-signature) (if applicable) 
    4. Board Resolution of Selling Shares (E-signature) 
    5. Certificate of Incumbency for each corporate shareholder
    6. Recent Certificate of Incumbency
    7. Third Party No Objection Certificate (NOC) (if applicable)
    8. Power of Attorney (POA) (If applicable)
    9. Passport copy of POA (If applicable)

    Service charges

    Please refer to the below link under Registration Services / Amendments to check the schedule of charges.

    Processing time

    2 – 3 weeks of processing time. 

    Existing Individual Shareholder to New Individual Shareholder

    Required Documents

    1. Share Transfer Form (E-signature) 
    2. Articles of Association (E-signature) 
    3. Consent Board Resolution (E-signature) (if applicable)
    4. Recent dated Certificate of Incumbency
    5. Passport Copy of the New Shareholder
    6. Valid UAE Residence Visa Page (if applicable)
    7. Specimen Signature Form for the New shareholder
    8. Know Your Client (KYC) Form
    9. No Objection Certificate (NOC) from Current Sponsor
    10. Proof of Address for the New Shareholder
    11. Third Party No Objection Certificate (NOC) (if applicable) 
    12. Power of Attorney (POA) (If applicable) (if applicable) 
    13. Passport copy of POA (If applicable)
    14. Valid passport Copy of all existing Shareholders & Officers

    Service charges

    Please refer to the below link under Registration Services / Amendments to check the schedule of charges.

    Processing time

    2 – 3 weeks of processing time. 

    Existing Individual Shareholder to New Corporate Shareholder

    Required Documents

    1. Share Transfer Form (E-signature) 
    2. Articles of Association (E-signature) 
    3. Consent Board Resolution (E-signature) (if applicable) 
    4. Shares Acquisition Resolution (E-signature) 
    5. Recent dated Certificate of Incumbency for each corporate shareholder
    6. Valid Company License for each corporate shareholder (applicable to only UAE Companies)
    7. Certificate of Registration for New Corporate Shareholder 
    8. Memorandum of Association (MOA) / Articles of Association (AOA) / By-Laws for New Corporate Shareholder. 
    9. Third Party No Objection Certificate (NOC) (if applicable) 
    10. Power of Attorney (POA) (If applicable) (if applicable) 
    11. Parent Company Director passport copy 
    12. Passport copy of POA (If applicable)

    Service charges

    Please refer to the below link under Registration Services / Amendments to check the schedule of charges.

    Processing time

    2 – 3 weeks of processing time. 

    Existing Corporate Shareholders to New Corporate Shareholders

    Required Documents

    1. Share Transfer Form (E-signature) 
    2. Articles of Association (E-signature) 
    3. Board Resolution of Selling Shares (E-signature) 
    4. Shares Acquisition Resolution (E-signature) 
    5. Consent Board Resolution (E-signature) (if applicable) 
    6. Recent dated Certificate of Incumbency for all corporate shareholder/s.
    7. Valid Company License for each corporate shareholder (applicable to only UAE Companies)
    8. Certificate of Registration for New Corporate Shareholder 
    9. Memorandum of Association (MOA) / Articles of Association (AOA) / By-Laws for New Corporate Shareholder. 
    10. Third Party No Objection Certificate (NOC) (if applicable) 
    11. Power of Attorney (POA) (If applicable)
    12. Passport copy of POA (If applicable)
    13. Parent Company Director passport copy 

    Service charges

    Please refer to the below link under Registration Services / Amendments to check the schedule of charges.

    Processing time

    2 – 3 weeks of processing time. 

    Existing Corporate Shareholders to New Individual Shareholder

    Required Documents

    1. Share Transfer Form (E-signature) 
    2. Articles of Association (E-signature) 
    3. Board Resolution of Selling Shares (E-signature) 
    4. Consent Board Resolution (E-signature) 
    5. Recent dated Certificate of Incumbency for all corporate shareholder. 
    6. Passport Copy of the New Shareholder
    7. Valid UAE Residence Visa Page (if Applicable)
    8. Specimen Signature Form for the New shareholder
    9. Know Your Client (KYC) Form
    10. No Objection Certificate (NOC) from Current Sponsor
    11. Proof of Address for the New Shareholder
    12. Third Party No Objection Certificate (NOC) (if applicable)
    13. Power of Attorney (POA) (if applicable) 
    14. Passport copy of POA (If applicable)
    15. Valid passport Copy of all existing Shareholders & Officers

    Service charges

    Please refer to the below link under Registration Services / Amendments to check the schedule of charges.

    Processing time

    2 – 3 weeks of processing time. 

    Step-by-step guide

    01

    Log into the DMCC Member Portal and navigate to Company Services – Company Amendment Services - Share Capital - Transfer Shares

    02

    Submit the service request by uploading the required documents

    03

    DMCC review and approval

    04

    E-sign the documents shared by DMCC

    05

    Submission of the original documents to DMCC*

    06

    DMCC Approval

    07
    Download the E-Share Certificate and E-Articles Of Association
    * Original documents submission in DMCC is required in case the DMCC company holds physical MOA/AOA issued by DMCC or has used Power of Attorney (POA) during the process. 

    Step-by-step guide

    01

    Log into the DMCC Member Portal and navigate to Company Services – Company Amendment Services - Share Capital - Transfer Shares

    02

    Submit the service request by uploading the required documents

    03

    DMCC review and approval

    04

    E-sign the documents shared by DMCC

    05

    Submission of the original documents to DMCC

    06

    Download the E-Share Certificate and E-Articles Of Association

    Policy

    • Please refer to DMCC Company Regulations.

    • Draft Service Requests will automatically be voided after sixty (60) calendar days from their creation date if no action is taken by the DMCC Member.

    • Service Requests awaiting DMCC Member Company action will be automatically nullified if the required actions aren't completed within ninety (90) calendar days of Service Request's return date.

    • DMCC Authority reserves the right to request any additional documents at any stage of the process.

    • The application fee is not refundable once the application is approved by DMCC.

    Application Cancellation

    • DMCC Member Company can request a service cancelation by clicking the 'Cancel Request' button from the Service Request page in the DMCC Member Portal.

    • A valid justification is mandatory explaining the reason for the cancellation request.

    • Cancellation fees will apply. Please refer to the link below under "Registration Services / Amendments" for the schedule of charges.

    Share Transfer Prerequisites Guidelines

    • Companies needs to make sure they have subscribed and activated the e-signature of all authorized signatories.

    • Companies registered before 2020, needs to make sure they have Adopted Articles of Association as per DMCC Rules and Regulations of 2020.

    • A company’s licence must be valid at the time of submission of the application. 

    • There should not be any active sanction on the company portal.

    • This process is applicable to all Individual, Subsidiary, Joint Venture companies within DMCC. 

    • Branches cannot apply for Share Transfer.