Share Pledge New

Description

A Shareholder in a Company may pledge Shares to Person, as security.  Meydan Free Zone permits shareholders to pledge their Company shares. Any pledge must be made in accordance with the Company’s MOA, under a document approved by Meydan Free Zone and entered into the Share Register maintained by Meydan Free Zone.

Steps

  • Log in to our customer portal https://portal.meydanfz.ae Located on our website or call us on 800 FZ1 (800 391) to help you log into your account.
  • Submit the required documents and complete the payment.
  • Receive a timeline.
  • Receive a copy of an electronic share pledge document via email.

Fees

  • AED 1,000
  • Call 800 FZ1 (800 391) or email connect@meydanfz.ae to speak to our customer service team.

Timeline

1 Business Day

Documents Required

  • Board or Shareholders Resolution

Documents Specification

Parent Company Documents
  • Notarised or Attested documents by the issuing authority where the parent company has been formed.
  • Documents issued in other foreign languages should be legally translated to English or Arabic.
Passport Copy
  • Colored and clear full-page passport copy
  • Passport should be valid during the pre approval.