Inheritance Transfers

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.

0.002 (two per thousand) from the shares market value, minimum AED 25. (No. of shares*market value*rate)+ (5%) VAT

1. DFM eServices
   • Representative should Register to DFM app or eServices.
   • Login with your username and password
   • Select the Form Type (General Request) attach required documents and submit the Form
   • You will be notified by email once the status of the request is updated
2. Or through Licensed Trading Member at Dubai Financial Market

 Notes:
• Ensure that the Investor Number in DFM for the Transferee(s) is updated
• Investor KYC and FATCA/CRS information for the Transferee must be updated to apply and view the service.
• 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

Completed Transfer of Securities Form duly signed.

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

• Issue Investor number under the name of Heirs (please refer to Heirs NIN opening procedure)
• True copy of the Death Certificate
• True copy of a duly certified of the Legal Declaration and Inheritance Limitation
• Valid copy of a duly authenticated Power of Attorney issued by the court on behalf of all Heirs.

In case of a representative:

• UAE Nationals and residents: valid copy of the UAE National ID 
• Non-residents: valid copy of the passport
  

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

• In case if all heirs are partners in the company, the transfer request can be processed by attaching the below documents:
• True copy of the Death Certificate
• True copy of a duly certified of the Legal Declaration and Inheritance Limitation
  
• Valid copy of 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 the Trade License, Commercial Register and Memorandum of Association

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. 
• 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 CSD. 
  

• UAE Nationals and residents: a valid copy of the UAE National ID of all heirs and the Representative
• Non-residents: or valid copy of the passport

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

• True copy of the Death Certificate
• 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
  

• UAE Nationals and Residents: valid copy of the UAE National ID
• Non-residents:  or Valid Copy of the passport

Note:

• 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

• Through DFM App or eServices
• Licensed Trading Member at Dubai Financial Market