Skip to main content

How do we report an Ownership Transfer?

Any transfer of 25% or more of a company’s shares or ownership is considered a transfer of the license. This action must have the Director’s consent prior to transfer. A registration is not transferable and requires the registrant to submit a new registration application. It is your responsibility to contact DIFS for information on transfers before the transaction consummation. (Section 13(2) of the Act).