Share Capital Value in DWC FZ

All Free Zone Enterprises registered as DWC limited liability companies must have a share capital denominated in UAE Dirhams. The minimum capital of a DWC limited liability company will be AED 300,000 or such other amount as the Corporation may prescribe from time to time.

 The share capital will be divided into shares of AED 1 each or such other amount as the Corporation may prescribe from time to time. Each issued share will be consecutively numbered. No shares will be issued in bearer form.

 The consideration for which a share in a Free Zone Establishment is issued may take the form of cash or non cash consideration. If the shares in the Free Zone Establishment are issued for any consideration other than cash, then the auditors of the Free Zone

Establishment must certify that the fair market value of the non cash consideration at the time of issue of the shares is not less than the nominal value of the shares issued.

The share capital of a DWC limited liability company may, subject to any limitations set out in the Regulations, be altered by a Board Resolution of the company.

 No share in any DWC limited liability company may be transferred without a Board Resolution approving the transfer. Transfers must be made by a instrument of transfer prescribed by theCorporation from time to time. The instrument of transfer, once duly executed, must be delivered to the Company Registrar who will update the Register with the details of the transfer and the transferee. A transfer will be legally effective from the date of transfer recorded in the Register.