How to Issue Online Business Power of Attorney in the UAE

If you’re a business owner in the UAE and want to delegate your responsibilities, a business power of attorney (PoA) can be a powerful tool, issuing a PoA for business allows you to grant specific powers to trusted individuals or entities.

As we are a regulated Private Notary in Dubai, we specialize in issuing all types of PoAs online and hassle-free that align with the business specific needs. 

This article will guide you through the importance of a PoA, the types available, and the process we offer to ensure providing hassle-free experience with our notarization service.

What is the Business Power of Attorney in the UAE?

A business power of attorney in the UAE is one of the many types of powers of attorney, where an individual or legal entity delegates another person to carry out tasks related to their business, whether they are commercial, legal transactions, or any actions related to management, such as managing a company, property, or assets.

The importance of a business power of attorney in the UAE lies in the fact that it allows the principal to manage their business efficiently and effectively, saving time and ensuring that tasks are completed within the required timelines.

It also enables the principal to rely on experienced individuals in the delegated work area. A person may own a company or engage in contracting, and as their business expands, they may not be able to oversee every aspect of it. Therefore, they would need to appoint an experienced person to handle certain areas, according to the granted powers.

Thus, we advise anyone with expanding and complex businesses to create a business power of attorney to delegate certain responsibilities related to their work. The principal will benefit from several advantages, including:

• Saving time and effort on the required tasks.
• The ability to implement necessary plans without delay.
• Expanding the principal’s business horizontally to cover other regions in the UAE.
• Expanding the principal’s business vertically by building it in a structured managerial hierarchy.

Read more About : How to Issue Power of Attorney for Share Transfer in Dubai

Powers Granted in a Business Power of Attorney

The powers granted in a business power of attorney in the UAE vary depending on the nature of the tasks, their complexity, and the powers the principal wishes to delegate to the agent.

Here is a summary of those powers:

• Conducting all transactions necessary for the principal’s business, such as dealing with government and non-government departments.
• Hiring employees and workers necessary for the principal’s business.
• Providing necessary services for the business, such as electricity, internet, and telephone services.
• All banking transactions related to the business, such as opening and closing accounts, making withdrawals, deposits, and signing checks.
• Signing contracts necessary for the business, including sale, purchase, lease, investment, and settlement agreements.
• Receiving and delivering all amounts generated by the principal’s business.
• Powers related to the principal’s real estate and vehicles, such as selling, leasing, mortgaging, or releasing a mortgage on them.
• All judicial procedures related to the principal’s business, including court reviews, filing complaints to the police, public prosecution, and legal proceedings in various types and levels of courts.
• The agent’s ability to delegate the tasks to another person.

How to Obtain a Business Power of Attorney in the UAE

If you wish to obtain a business power of attorney in the UAE, you can do so easily through our Private Notary, either by visiting us directly or via remote online services.

Here are the steps to obtain a business power of attorney through our office:

1. You can visit our office with your agent to create the power of attorney, bringing all the necessary documents, especially the UAE national ID for citizens, passport for foreigners, and a copy of the trade licence.
2. Alternatively, you can apply online by visiting our website and clicking on “Contact Us.”
3. The attorney will then prepare the power of attorney according to both parties’ preferences, read it to them, and ensure they fully understand it.
4. The power of attorney will be signed by both parties and notarized by our authorized notary.
5. Finally, the power of attorney will be documented with the official authorities to give it legal effect.

Types of Business Power of Attorney

There are many types of business powers of attorney in the UAE, including:

• Power of Attorney for Company Formation

A business power of attorney for company formation is created by the principal for the agent to handle all necessary tasks for establishing a company. This includes negotiating with other partners, signing the articles of incorporation, and establishing the company’s bylaws.

It is advisable for the principal to specify the agent’s exact powers in company formation, and this is something our office specializes in.

• Power of Attorney for Company Management

For any company, management needs to be assigned to either one of the partners or an external manager. The partners can appoint a manager, either from within or outside the company, by granting a business power of attorney to manage the company. The powers of the manager are clearly outlined in this document.

• Power of Attorney for Share Transfer (Buying/Selling Shares)

Ownership of shares in a company is legally protected. This applies not only to shares in joint-stock companies but also to ownership stakes in limited liability companies, partnerships, and other forms of businesses.

Therefore, anyone who owns shares or stakes in a company can delegate another person, using a legally certified business power of attorney, to buy or sell shares.

• Power of Attorney for Tax Matters

With the presence of various tax regulations, it is crucial for individuals or businesses to appoint someone to manage their tax affairs, including Value Added Tax (VAT). The agent handles VAT declaration and payments and can file objections with the Federal Tax Authority.

• Power of Attorney for Appointing a General Manager

Companies may grant a business power of attorney to appoint a general manager, specifying the scope of their authority. If the company requires the manager to perform tasks beyond the set powers, the partners may issue a special power of attorney for specific duties.

• Power of Attorney for Company Vehicles

Since company vehicles are owned by the company and not by individual partners, no one can use or dispose of the company’s vehicle without a specific business power of attorney.

• Power of Attorney for Representing a Partner

This type of power of attorney is used when a partner needs to delegate authority to another partner during meetings of the General Assembly, especially if they cannot attend.

• Power of Attorney for Court Representation

A business power of attorney for court representation allows a lawyer to represent the business owner or company in legal matters before the courts, whether the business is filing a lawsuit or defending against one.

• Power of Attorney for Company Bank Accounts

Since business bank accounts require confidentiality and limited access, banks typically require a business power of attorney to authorize someone to make transactions on the company’s behalf.

Contact Private Notary Dubai

We are a licensed office offering private notary services in Dubai, with years of experience helping clients prepare and authenticate business-related powers of attorney. Our federal license allows us to provide our services across the UAE.

If you are looking for the best legal services to issue a business power of attorney or authenticate specialized powers of attorney, feel free to contact us via the information provided on our “Contact Us” page 

Sources:

• UAE Notary Law.
• UAE Companies Law.