How to Get Power of Attorney (POA) for DMCC Company

Dubai Multi Commodities Centre (DMCC) is a global hub for free trade businesses, hosting 24,000 registered local and international companies. Many of these companies require the issuance of DMCC Power of Attorney (POA) to authorize a person or manager to delegate specific powers to another individual (the agent) to act on their behalf in defined matters.

Companies operating within DMCC can issue a POA to a natural person to manage necessary business activities inside and outside DMCC. However, issuing DMCC Power of attorney requires strict adherence to legal protocols to ensure its validity, effectiveness, and compliance with DMCC regulations and UAE laws.

In this article, we provide a comprehensive guide to the procedures for issuing a Power of Attorney for a company registered in DMCC.

Importance of Issuing a Power of Attorney for DMCC Companies

For companies registered in DMCC, a POA can facilitate various corporate processes, especially when shareholders or directors cannot be physically present to sign essential documents or make decisions. A properly executed POA ensures that the appointed agent can legally act on behalf of the company or director. It is particularly useful in situations such as company formation, restructuring, or transactions that require official representation.

Types of Power of Attorney for DMCC Companies

• General Power of Attorney: Grants the agent broad authority to act on behalf of the director in various matters, including administrative and financial operations.
• Special Power of Attorney: Authorizes the agent to handle specific tasks or decisions, such as signing a particular contract or representing the company in a specific transaction.
• Company Formation POA in DMCC: Appoints an agent to handle the company incorporation process, including notarizing the Memorandum and Articles of Association.
• Company Management POA for an Existing DMCC Company.
• Share Purchase POA.
• Banking POA: Enables the agent to open, manage, or close bank accounts and handle financial transactions.
• Legal Representation POA: Usually issued to lawyers for handling legal matters.

How to Issue a Power of Attorney for a DMCC-Registered Company

If you own a company registered in DMCC and need to issue a POA for someone else, our licensed private notary service in Dubai can complete the process within a day, making the POA issuance simple and efficient.

Required Documents for POA Issuance

• The company’s trade license.
• The Memorandum of Association (MOA) in Arabic (if in English, it must be legally translated into Arabic).
• Emirates ID copies of the partners.
• Emirates ID of the agent.
• A draft of the POA (if unavailable, our private notary can draft it).
• Any other supporting documents related to the POA’s subject matter.

Steps to Issue a POA for a DMCC Company

1. Contact a Private Notary: Our customer service team will assist you with the process, answer all your inquiries, and provide necessary guidance. Click here to contact us.
2. Drafting the POA: If you have a draft, we will review and notarize it after verifying compliance with all legal requirements. If you do not have one, our lawyers will draft a POA tailored to your needs.
3. Meeting with the Notary: The company director or trade license owners will meet with the private notary via online video conferencing to verify identities.
4. Signing and Notarization: After confirming all POA terms and ensuring full understanding, the principal will electronically sign the POA, which the notary will then notarize.
5. Ready for Use: Once the notarization process is complete, you will receive the finalized POA via email, ready for immediate use.

Frequently Asked Questions

Can a DMCC company director delegate their responsibilities to another person?
Yes, if the Memorandum of Association permits delegation of duties to another individual.

How much does it cost to issue a POA for a DMCC company?
The cost depends on the type of POA. Contact us for a pricing quote.

Get in Touch for POA Issuance & Notarization for DMCC Companies

We are a licensed private notary office in Dubai with years of experience assisting clients in drafting and notarizing legal powers of attorney in Dubai.

If you need to issue a POA online in the UAE and are looking for top-tier legal services, do not hesitate to contact us via the details on our Contact Us page.