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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
- Customers can log in to Dubai Trade Portal
- Navigate to “Registration” and select “Mortgage or Pledge- Approval.”
- Select ‘New Share Pledge’, ‘Amend Share Pledge’ or ‘Cancellation of Mortgage Share Pledge’ to submit a request for the corresponding service required
Documents Required
A. New Share Pledge
- 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
B. Amend Share Pledge
- 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
C. Release/Cancellation of Mortgage Share Pledge
- 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 Resolution | AED 200 |
| for issuing a NOC letter to Court | AED 200 |
| for issuing a letter to the Bank confirming the share Pledge | AED 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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