Document background
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.
