Company POA - notary-dubai.com

POWER OF ATTORNEY FOR COMPANY

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POWER OF ATTORNEY FOR COMPANY INCORPORATION

A Power of Attorney for Company Incorporation allows you to appoint one or more agents to establish a company or enter into a partnership for and on behalf of you. You can authorize an agent to sign company formation documents such as Memorandum and Articles of Association, lease agreement, partnership agreement, local service agent agreement and other legal documents and application forms to register a company and obtain a license on behalf of you.

This type of Power of Attorney is ideal for appointing an agent specifically for establishing a company on your behalf, without granting the broad powers that are normally included in a general power of attorney.

For company formation, your agent doesn’t have to be a lawyer; however, we advise to appoint an agent who is familiar with local rules and regulations.

POWER OF ATTORNEY FOR COMPANY MANAGEMENT

A Power of Attorney for Company Management allows you to authorize a person or the company’s General Manager to run and manage the day-to-day operations of your company. The range of activities which the attorney or a general manager is authorized under such Power of Attorney include: negotiating and signing contracts for the sale of the company’s products or services, hiring or terminating employees, hiring auditors or lawyers, buying and selling property, dealing with banks and managing bank accounts, dealing with export/import and customs, representing the company before any judicial and other authorities and federal and state government departments, signing applications and other documents relating to utilities services, assigning tasks to employees of the company, etc.

Use a POA for Company Management if you wish to give someone authorization to manage your company in your absence. Powers and authorities of the agent can be broad or limited to certain tasks, which will be decided by you.

Using this business power of attorney form, you can also specify or limit the powers of your company’s general manager, which is very important for managing your business smoothly and securely.

POWER OF ATTORNEY FOR COMPANY SHARES

A Power of Attorney for Company Shares allows you to authorize another person to represent your interests in relation to your shares in a company. If you are a shareholder in one or more companies, but most of the time you are outside the country and thus can not be present in shareholders’ meetings, or can not be present to sign resolutions, than you can give a Power of Attorney for Company Shares to your representative. The range of activities which a POA for Company Shares authorizes include: signing resolutions, attending shareholders meetings, transfer of shares, representing your interests before any judicial authorities, federal and local government departments, third parties etc.

Use a POA for Company Shares if you wish to give someone authorization to manage your shares in a company in your absence. Powers and authorities of the agent can be broad or limited to certain tasks, which can be decided by you.

POWER OF ATTORNEY FOR VALUE ADDED TAX (VAT)

A Power of Attorney for VAT allows you to appoint one or more agents to represent the company before tax authorities in relation to VAT matters including VAT registration, filing VAT returns, claim refunds, submission of documents, etc.

To register for VAT, some specific documents must be submitted to the Federal Tax Authority (FTA), including the business or trade licence, certificate of incorporation, as well as proof of authorization for the manager or the authorized signatory (e.g. Articles of Association, Board Resolution or a Power of Attorney). Thus, a POA for VAT is one of the mandatory requirements of the FTA, if the company is being represented not by its owner but by a manager or a third party (e.g. tax agent).

This type of Power of Attorney is ideal for authorizing the company’s manager or appointing a tax agent or an accountant specifically to deal with VAT matters on behalf of the company.

As per the Dubai Land Department (DLD) rules, a POA for Property Sale must not be more than 2 years old. If a POA has been executed, the document has to be used within two years from the date it has come into effect. Otherwise, re-validation of a POA would be required.

There are several other limitation with regards to such POA, which have been implemented by concerned real estate authorities to protect the real estate owners and prevent misuse of the POA.

Since not too long ago, it has been aloowed to give a POA for Property Sale/Purchase to real estate brokers.

In a Power of Attorney for selling a real estate, the property details must be specified in the POA and you need to have ownership documents such as a Title Deed in your name.