Share Transfer Process

Helping you facilitate a smooth transfer of shares or ownership of your company or partnership in the Maldives. Experience a hassle-free service with Picad.

Faciliating transfer of shares of companies

The process of transferring shares of private limited companies (PVT LTD) can be a difficult process for many companies. We help businesses with a total solution taking over the stress of the processing legal paperwork, giving our clients the worry-free option to focus on business operations while we take care of the papers. 

What we do

  • Drafting required agreements & MOUs between shareholders. 
  • Acting as an intermediary to reach a resolution in case of a dispute.
  • Form Filling & Signature Collection.
  • Attestation
  • Drafting of Shareholders Resolutions & Board Resolutions.
  • Submission of documents to the Ministry of Economic Development.
  • Collection of confirmation of share transfer document.


What Information is Required?

Details of the arrangement with existing & prospective shareholders and ID cards.

How Long the Procedure Takes?

If all goes well, the process takes 2-3 working days. 

Does Government Charge Any Fees?

No. Share transfer applications are processed without any charge by the Ministry of Economic Development.

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