When creating a power of attorney in UAE, you must pay close attention to its details. This document must precisely reflect the principal’s powers to the agent without omitting any power. It should also not transfer excessive or unnecessary powers. It should also be clear enough to be understood by a third-party executor. Listed below are some of the critical requirements of a Power of Attorney in the UAE.
Must be notarized by a Notary Public:
In UAE, a Power of Attorney is a legal document signed by the grantor or the agent. The document must be notarized by a Notary and legalized and attested by the UAE Embassy. The attorney-in-fact must be at least 21 years old, so make sure that your agent is over the age of 21. The agent can also name more than one agent, so long as at least 21 years of age.
The person should be a resident of the UAE:
A POA should be in their legal name. The beneficiary should be a legally competent person and can represent them in any matter. If the grantor lives outside the UAE, the POA can be used for various purposes. If you have an account with an account in Dubai, a power of attorney can make purchases or pay bills. The agent can also be a company manager, which is especially beneficial for those who buy Arabic speakers. The other party is not an Arabic speaker, and you can get a power of attorney in a bilingual format. This will ensure that the other party can understand the document easily. In UAE, a POA will last for two years for a purchase transaction and five years for sale. The validity of a POA depends on the UAE laws and general rules. In addition to this, a power of attorney in Dubai will not expire until the property transaction is completed.
The agent should be an individual with the required legal capacity:
A power of attorney in Dubai has Requirements for the agent. The agent should be an individual with the required legal capacity. To obtain a UAE power of attorney, you must be at least 21 years old. You can name more than one person as your agent, but you should be sure to choose someone who has legal capacity. The POA should have a clear purpose for the other person. It should be legally binding and fulfill the objectives of the other party.