Is it possible for a UAE free zone company to transfer shares to somebody residing in India?

Yes, it is possible to transfer shares in a free zone company to a person residing in India, provided that you follow the necessary controls and procedures.

While these procedures may vary slightly from one free zone to another, the general process is as follows:

Prepare a share transfer agreement: Draft a share transfer agreement signed by the relevant parties, outlining the terms and conditions of the share transfer.

Obtain free zone approval: Submit the share transfer agreement to the free zone authority and obtain their approval for the transfer.

Apply for a certificate of registration of shares: Once the free zone authority has approved the transfer, apply for a certificate of registration of shares in the name of the new partner.

Cancel the old share certificate: Ensure that the old share certificate is canceled, and a new one is issued in the name of the new partner.

Update the official register: Make sure that these procedures are completed and registered in the official register of the company to ensure that the transfer is legal and valid, and to prevent any potential disputes with other shareholders or third parties.

By following these steps, you can ensure a smooth and successful transfer of shares in a free zone company to a partner residing in India.

Yes, a UAE Free Zone Company can transfer shares to a resident in India. Most Free Zones in the UAE require prior approval for share transfers.

Contact your specific Free Zone Authority to understand their approval process and any associated fees.

Review your existing shareholder agreement to ensure there are no restrictions on transferring shares to a resident in India.

There are other procedures as well. If you need further clarification kindly share your WhatsApp number.