Details
Request of a Trading Member to merge with Trading Member.
Fees
AED 100,000 from one party.
Procedures
- Trading member sends a request to SCA for approval
- Trading member sends SCA's approval to Dubai CSD
- Trading member submits approved letter to Dubai CSD along with:
- List of investor's names
- Undertaking letter
- Official letter to return the original bank guarantee
- Dubai CSD receives and reviews submitted documents
- Dubai CSD approves and processes merging request
- Dubai CSD returns original bank guarantee to cancelled Trading member
- Trading member receives voucher receipt (merging process complete)
Required Documents
- Approval letter from SCA
- List of investor's names
- Undertaking letter
- Official letter to return bank guarantee
- New / Amended bank guarantee for new trading member after the merge
How to Apply
Submit a request through eServices.