CEOs or business owners in Dubai face challenges due to travel, impacting their ability to oversee daily operations and sign essential company documents. To overcome this obstacle, the director or owner can issue a Company Power of Attorney to a trusted employee to manage business affairs on their behalf.
Company POA in Dubai is an important legal document. It enables a director, partner, or owner to delegate specific tasks or decisions to another person. This ensures business continuity, particularly in the absence or unavailability of business owners.
What is a Company Power of Attorney (POA)?
Company Power of Attorney is a legal authorization granted by a company director or owner to another person to perform specific actions or tasks on their behalf. These tasks may include daily operations, dealings with government entities, and management of bank accounts.
This legal tool facilitates business management and ensures continuity, especially during periods of absence or busy schedules. It also allows for effective task and responsibility delegation, enhancing operational efficiency.
Types of Company Power of Attorney in Dubai
- Power of Attorney for Company Formation
Enables the agent to draft and attest the company’s incorporation contract and notarize the memorandum of association as per UAE company law. - Business Management Power of Attorney
Authorizes the agent to manage the company, including administrative and financial operations, within the specified powers in the document. - Power of Attorney for Shares (Buying and Selling)
Allows the agent to sell or purchase shares on behalf of the principal, with clearly defined powers. - Vehicle Management Power of Attorney
Permits the agent to manage company-owned vehicles, including selling, buying, or leasing. - Partner Delegation Power of Attorney
Used to authorize a partner or another individual to attend general assembly meetings or make specific decisions and validate meeting minutes on behalf of the principal. - Bank Account Management Power of Attorney
Grants the agent authority to manage the company’s bank accounts, including withdrawals, deposits, and signing checks. - Legal Representation Power of Attorney
Designated for lawyers or specialists to represent the company in legal matters before courts and judicial bodies.
How to Issue Company Power of Attorney in Dubai Online?
Here is the process for issuing a company-related power of attorney, along with the required documents:
Required Documents:
- Commercial license of the company.
- Memorandum of association (in Arabic or certified translation).
- Emirates IDs of both the principal and the agent.
- Draft of the power of attorney (if unavailable, the notary public can assist with drafting).
- Any additional documents relevant to the purpose of the power of attorney.
Steps to Issue Power of Attorney for a Company Online:
- Define the Scope
The principal must clearly specify the tasks and authorities they wish to delegate to the agent. - Draft the Power of Attorney
Prepare a draft. If you lack expertise, seek assistance from the Private Notary in Dubai. - Submit Documents
Provide all required documents related to the company POA. - Request Authentication
Reach out via email at info@privatenotarydubai.ae or WhatsApp to request notarization. - Attend a Virtual Notary Meeting
The principal must meet the notary via virtual communication for verification. Once all requirements are met, the power of attorney is issued within 24 hours. - Use the Power of Attorney
After the virtual meeting, the power of attorney will be sent via email, ready for use.
If the company which want to grant POA based in Free Zone, we suggest reading:
Commonly Granted Powers in Company POAs
- Complete transactions with government and non-government entities such as the Ministry of Human Resources, Department of Economic Development, and more.
- Hire and terminate employees, sign contracts, and manage visas and permits.
- Oversee utility services, including signing application forms and settling bills.
- Manage banking tasks, including account openings, check signing, and securing loans or guarantees.
- Execute contracts, transfers, and financial dealings.
- Represent the company in courts, police stations, and public prosecutions.
- Sub-delegate powers if permitted by the principal.
FAQs About Company Power of Attorney
- Can a Company Power of Attorney Be Revoked?
Yes, the principal can revoke the power of attorney anytime unless stated otherwise in the document. - Do Both Parties Need to Be Present for Authentication?
No, the process is conducted via virtual communication. The agent’s presence is not required for the authentication process. - Does a Special Power of Attorney Have a Validity Period?
A validity period can be specified in the document. If not, the power of attorney remains valid until revoked or the purpose is fulfilled. - Can the Company POA Be Used Outside the UAE?
Yes, provided it is attested by the UAE Ministry of Justice, Ministry of Foreign Affairs, and the relevant embassy of the target country. - Can the Powers Be Modified After Authentication?
Yes, modifications or additions can be made by preparing an amendment and re-authenticating it with the notary public. - What is the Cost of Issuing a Power of Attorney?
Costs vary depending on the type of power of attorney and services required. Contact us for a precise estimate. - Can a Non-Resident Be Authorized?
Yes, non-residents can be authorized, but all necessary documents must be provided and authenticated as per regulations. - Is the Company Liable for the Agent’s Actions?
Yes, the company is liable for the agent’s actions within the scope of their authority. If the agent exceeds their powers, legal action can be taken.
Get Your Company Power of Attorney Online in 24 Hours
We are a licensed private notary office in Dubai with years of experience assisting clients in issuing powers of attorney online in Dubai. Our services cover the entire UAE.
For high-quality notary services related to issuing or authenticating a power of attorney by company, contact us through the details on our “Contact Us” page.
This concludes our guide on issuing a special power of attorney for companies, highlighting its importance, types, and the authorities it grants. We provide drafting and authentication services as a licensed private notary office.
Sources:
Abdul Hamid is a legal consultant with extensive experience in providing legal advice in the United Arab Emirates. His expertise focuses on legal drafting, resolving commercial disputes, and drafting and reviewing corporate and employment contracts.