Power of attorney is a legal document or agreement where an individual authorizes another individual to look after the processes or take ownership while also the companies that give a person the authority to act on their behalf.
Here, the person who gives others the chance and authority to take charge or handle the position is the ‘grantor or principal.’ While the person who is being given the charge or responsibility is understood as the ‘agent or grantee.’ The requirement of power of attorney may arise for several reasons.
When we talk about the UAE, the legal age of an individual to become a grantor must be over 21 years, and they should be mentally, emotionally, and psychologically stable and firm. No matter if you are a foreign business with a power of attorney in a foreign language when you are planning to expand your business in Dubai or any other Emirate of the UAE, you will need to have it translated into Arabic and then move forward by getting a legalized status in the UAE. For this, the legal consultants in Dubai can help you with all the formalities and legal documentation for getting a power of attorney.
As for driving to the legal Power of attorney, the grantor needs to put signature in all capacities to authorize a legal representative in the concerning matters. However, a power of attorney is based on a trustworthy relationship, and any falseness and violation will be considered fraud and subject to getting punishment as per the laws and regulations in the UAE.
Types of Power of Attorney
When someone plans to add another person to their power of attorney, the principal can choose from these mentioned types of power of attorney lawfully accepted, authorized, and accessible in UAE. With this said, here are the main types of power of attorneys in the UAE.
1. General Power of Attorney
The general power of attorney opts in conditions when a principal wants to transfer authority to the agent while they are absent due to traveling or when they are physically or mentally incapable of handling things independently. Through this, the agent who the principal has selected will be able to perform a number of legal tasks, including tax return filling, signing contracts, bank transactions, and dealing with real estate property in terms of selling and purchasing.
2. Special Power of Attorney
The other is the special power of attorney that is granted to an agent for taking care, handling, or dealing with a special affair on behalf of the principal or in their absence. You will require the services of a professional lawyer in Dubai to help you develop the unique power of attorney stating the particular actions and powers that the agent will perform. The agents will only be able to perform the tasks or deal with the matters that are said or mentioned in a power of attorney.
3. Lasting Power of Attorney
The lasting power of attorney is only available and caters to the residents in Dubai. People who are confronting health issues and will not be able to render their services or manage the work can authorize the other person to take care of the matters through the lasting power of attorney. For this power of attorney, the principal will make all the relevant arrangements to transfer the authority to someone trustworthy to make decisions for them in the future.
Notarizing a Power of Attorney in Dubai – The Process
The process of notarizing a power of attorney is simple and precise. Here is a step-by-step explanation;
- The first step is to submit a power of attorney to the notary public, where they review it.
- You will also need to enclose the attestation fee that varies from the categories mentioned earlier.
- After the review and clearance, they stamped and sealed it as a legal document
- Adhering to the language is paramount – the language must be Arabic. Moreover, you can also file the translation of your power of attorney in the required language.
- If you are outside of the UAE and file a power of attorney, it should first be stamped and sealed by the Embassy in UAE. Then it will be authorized by the notary public office.
- You can also take assistance from professional lawyers and legal consultants in Dubai to get a private notary service in Dubai.
Documentation Required for Notarization of Power of Attorney
Here is a list of documents that you must provide for notarizing a power of attorney in Dubai, UAE.
- Original passport of the principal
- One photocopy of the principal’s passport.
- Three copies of a power of attorney must be notarized.
- Original Emirates ID card of the principal.
- Copy of the Emirates ID card of the principal. (only for UAE residents)
Benefits of a Notarized Power of Attorney
Here are some of the benefits of a notarized power of attorney in the UAE;
- There wouldn't be a better way to handle the special task or give hold of your real estate property to someone in the UAE.
- Your precious time, money, and comfort are all saved.
- Be it for your property or business, your authorized person will be able to represent you in your absence.
- If you want to save your investments, this is a perfect way to do so.
- You can legally buy, sell, or invest in UAE with a notarized power of attorney.
The Final Takeaway
So, moving towards the end, we can say that a power of attorney is a legal document that provides top-class security of your property, investment, and transactions while being in the UAE. From personal to business matters, it is useful in so many ways. In a nutshell, you must approach a reputable law firm in the UAE to get all the information regarding a power of attorney in a legal and regulated manner.
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