The Company Share Transfer Form is a mandatory document required under UAE law when transferring ownership of shares in a UAE company. It must be used whenever there is a change in company ownership, whether through sale, gift, or other transfer mechanisms. The document ensures compliance with UAE Commercial Companies Law and various other regulations, including foreign ownership restrictions and economic substance requirements. The form captures essential details about the transfer, including party information, share specifications, and consideration amount. It requires proper execution, often including notarization and authentication, to be legally valid. This document is particularly crucial in the UAE context as it forms part of the official record required by various authorities, including the Department of Economic Development and relevant free zone authorities where applicable.
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1. Company Details: Full legal name, license number, and registered address of the company whose shares are being transferred
2. Transferor Details: Complete information about the selling shareholder(s) including full name, nationality, passport/Emirates ID details, and current shareholding
3. Transferee Details: Complete information about the purchasing shareholder(s) including full name, nationality, passport/Emirates ID details
4. Transfer Details: Specific details of shares being transferred including number, class, par value, and percentage of total share capital
5. Consideration: Details of the payment or consideration for the share transfer
6. Declarations: Mandatory declarations by both parties confirming the legitimacy of the transfer and compliance with UAE laws
7. Execution Block: Signature blocks for transferor, transferee, and company representatives with attestation requirements
1. Board Approval: Required when company's articles mandate board approval for share transfers
2. Existing Shareholder Waiver: Required when other shareholders have pre-emptive rights that need to be waived
3. Foreign Ownership Declaration: Required when transfer involves foreign shareholders to confirm compliance with UAE foreign ownership restrictions
4. Payment Terms: Required when payment is not made in full at completion or involves installments
5. Share Pledge Statement: Required when transferred shares are subject to any existing pledge or security interest
1. Share Certificate Details: Copy or details of existing and new share certificates
2. Corporate Documents: List of supporting corporate documents including board resolutions, shareholder resolutions if required
3. Identification Documents: Copies of passport, Emirates ID, and other identification documents of parties
4. Power of Attorney: If transfer is executed through POA, copy of notarized power of attorney
5. Evidence of Payment: Proof of consideration payment or payment arrangements
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