**Notice in regards to Jebel Ali Free Zone and UAE Corporate Tax Law**
Jebel Ali Free Zone and UAE Corporate Tax Law.
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Share Pledge (Security of Interest)

The Customer may mortgage the Company’s assets (real estate, commercial, shares) to obtain financing from a lender. The Customer has the option to amend, renew and release their Mortgage.

Process Steps

  1. Customers can log in to Dubai Trade Portal
  2. Navigate to “Registration” and select “Mortgage or Pledge- Approval.”
  3. Select ‘New Share Pledge’, ‘Amend Share Pledge’ or ‘Cancellation of Mortgage Share Pledge’ to submit a request for the corresponding service required

Documents Required

  • Resolution regarding Charge over Shares (Written on FZE’s/FZCO’s Letterhead
  • Form for corporate action of new share pledge – Security of interest
  • Share Pledge Agreement notarised by Dubai Notary Public
  • Original share certificate.
  • Bank confirmation regarding share pledge
  • Power of attorney from the Company and the Bank
  • Passport copy of Power of Attorney (POA) holders
  • License Copy of the Bank
  • Resolution regarding Amend Charge over Shares Written on FZE’s/FZCO’s Letterhead must be signed before Jafza’s Registrar.
  • Form for corporate action of amending share pledge – security of interest (Available in Jafza.ae – Customers- Forms & E-services – Commercial)
  • Power of Attorney from both parties of the Company & the Bank notarised and attested with a Passport copy of Power of Attorney (POA) holder.
  • Request letter from Bank duly signed by the Power of Attorney (POA) holders
  • Request letter from Company duly signed by Power of Attorney (POA) holders’ signatory

  • Resolution regarding Release Charge over Shares Written on FZE’s/FZCO’s Letterhead to be signed before the Jafza Registrar.
  • Form for corporate action of release share pledge – security of interest (Available in Jafza.ae – Customers- Forms & E services – Commercial)
  • Power of Attorney from both parties with the Company & the Bank notarised and attested Passport copy of Power of Attorney (POA) holders.
  • Power of Attorney from both parties with the Company & the Bank notarised and attested Passport Copy of Power of Attorney (POA) holders.
  • Request letter from Bank duly signed by the Power of Attorney (POA) holders
  • Request letter from Company duly signed by Power of Attorney (POA) holders’ signatory

Fees

New/Amend
If attestation is required for the ResolutionAED 200
for issuing a NOC letter to CourtAED 200
for issuing a letter to the Bank confirming the share PledgeAED 200
Specimen signature (each)AED 50
Cancellation
Release/cancellation letter. AED 200

Notes

The Registrar reserves the right to call for any extra documents if necessary.

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Processing Time

3-5 working days

Courier fee

  • AED 10 within the Free Zone
  • AED 20 outside the Free Zone

Access control

This service requires portal access on Dubai Trade by a company administrator

Need more information?

Visit Dubai Trade, our service arm to help resolve any question you may have regarding Jafza.

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