Power of Attorney (POA) is a legal document that appoints a trusted person as an ‘attorney’ to make decisions on your behalf. A General Power of Attorney will empower the person to make wide ranging decisions on your behalf. This includes
- Purchase or business
- Sale of business
- Hiring of Employees
- Engagement of
- Consultants and Advisors
- Dealings with banks and financial institutions
- Representation in Court
- Representation in Government & Semi Government departments
- Joint Venture Agreements
- Purchase of Property
- Sale of Property
- Management of Property
You must be of sound mind at the time of drawing up The Power of Attorney. Paralegal Services International specialises in preparing comprehensive legally enforceable Powers of Attorney. Our Legal Consultants have detailed knowledge of the local law and can interpret it to protect your rights. To be legally effective with in The United Arab Emirates, all Powers of Attorneys must be attested at the Notary Public Office. Our PRO department will be able to assist you with notarisation.
In UAE, Partners in a Limited Liability Company (LLC) may give Power of Attorney to each other to facilitate day to day operation of the company. It is usual for majority shareholding Emirati Partner to give Power of Attorney to the minority shareholding Expat Partner to manage all affairs of the company on his behalf. The Expat Partner in return will give power of attorney to the Emirati Partner to close down the company if he is absent from the country for an unreasonable period of time and does not renew the license with the department of Economic Development.
For confidential free consultation please visit our offices or call toll free 800 PRO (887)