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Inheritance Transfers
Estimated Time:
60 minutes.
Location:
The Center`s headquarter.
Estimated Fee:
1.The Center shall collect a commission to proceed the inheritance transfers as follows:
- (0.0015) fifteen per ten thousand of the shares market value for shares.
- (0.0001) one per ten thousand of the market value of government bonds, bonds issued by public entities, municipalities and corporate bonds.
- (0.0001) one per ten thousand of the market value of Islamic financing sukuk.
2. The Center takes the commissions indicated in Paragraph (1) above from one party with a minimum of (250) fils for each transfer deed.

- Description
- Procedures
- Required Documents
- Persons benefiting from the service
- Files
- Related Services
Conditions for obtaining service
The securities owned by the deceased shall be deposited in the central registry, in cases where it is maintained by a broker, the securities must be transferred to the central registry before executing the transfer process.
Notes
None.
Partner institutions:
None.
Procedures
The concerned person or his legal representative must submit the Inheritance Transfer Form to the SDC.
Required Documents
1. The original or a certified copy of inheritance deed or the Disassociation deed (general or limited) according to the following:
A. The inheritance deed should include and specify the amount of the share of each heir.
B. The date of issuance for the inheritance deed shall not exceed (3) years whether issued from inside the Kingdom or outside of it, and if the inheritance issuance date exceded this period, the deed shall be newly notarized from the original issuer of the document "a copy of the original" and that no disassociation has been registered or has been indicated that there is any disassociation as the case may be, provided that the date of the notarization shall not exceed (3) years.
C. In the case where such deeds are issued outside the Kingdom, it shall be notarized from the following parties:
- The competent authorities in the country where the inheritance deed was organized including the Foreign Ministry of that country.
- The representative of the Hashemite Kingdom of Jordan in the state which the inheritance deed was organized in, or the embassy of that state in the Hashemite Kingdom of Jordan.
- The Jordanian Foreign Ministry
- The Supreme Judge Department or the competent canonical court (as the case may be).
- If the certificate was published in Jerusalem, the Jordan Supreme Judge department or Jordan canonical court's notarization (as the case may be) is sufficient.
2. A copy of the death certificate and identification documents of the deceased, in cases where it is not possible to provide an identification document, the death certificate suffices.
3. A quittance certification for the deceased issued by the Jordan Income and Sales Tax department.
4. Copies of valid identification documents of all the heirs.
5. In case of non- deposited securities, a certificate of securities ownership or notification stating the deceased securities ownership issued within one month must be provided to the SDC, in accordance with the following:
A. The name of the shareholder should match his mentioned name on the inheritance deed or the excluded deed, in the case of amending the name of the shareholder by the company, the SDC must be duly informed in writing, in order to amend the name in the securities central registry.
B. Explanation note on the certificate of securities’ ownership clarifying that any certificate of securities’ ownership previously issued by the company for non-deposited shareholders considered as cancelled.
C. Nationality of the shareholder.
D. Shareholder's No. maintained at the company.
E. SDC's No. (if available).
F. Securities to be transferred are not restricted by pledge or lien.
G. Date of certificate.
H. Corporate signature and stamp.
6. Address for each heir.
7. Fractions due to distribution of shares and/or the securities trading unit shall be rectified through assigning the fractions to one or more of the inheritors, or through the assignment of an empowered inheritor in the case of the presence of an agent through a power of attorney that specifies
Persons benefiting from the service
The deceased inheritors- Natural persons.
Files
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