Business/Assets Purchase Power of Attorney
Authorizes another individual to purchase and transfer the business of a company. The authorized person is authorized by the purchaser to sign necessary business purchase agreement and other ancillary documents.
Satisfaction Guarantee
Our services is provided with a 30 days money back guarantee.
Pricing Packages
Silver
AED 799
POA drafting - English and Arabic
Prepration in 8 working hours
Unlimited amendments
Unlimited free consultations
Inclusive of notary public fee for one (1) principal
Physical signing assistance at Notary Public in Dubai in 2-3 working days
E-notarization in 2 to 3 working days
For anyone inside UAE
Gold
AED 1399
POA drafting - English and Arabic
Prepration in 8 working hours
Unlimited amendments
Unlimited free consultations
Inclusive of notary public fee for one (1) principal
Physical signing assistance at Notary Public in Dubai in 2-3 working days
E-notarization in 2 to 3 working days
For anyone inside or outside UAE
Diamond
AED 1799
POA drafting - English and Arabic
Prepration in 8 working hours
Unlimited amendments
Unlimited free consultations
Inclusive of notary public fee for one (1) principal
Physical signing assistance at Notary Public in Dubai in 2-3 working days
E-notarization in 2 to 3 working days
Terms and Conditions
- Additional AED 399 for each additional principal.
- Additional AED 499 for urgent drafting and e-notarization in 1 working day.
- Drafting will start immediately upon receipt of payment.
- POA is issued by the Dubai Courts in Arabic language only. English version is prepared by us for review by clients.
- Should you have your own POA draft in English and Arabic, our e-notarization assistance fee shall be AED 499.
Description and Powers
Description
A business purchase power of attorney is used where the owner of a business wishes to buy and transfer the business from another entity but is unable to travel to the UAE or otherwise attend the business purchase and transfer formalities.
 Powers included
A business purchase power of attorney includes powers to:
- Sign business purchase agreement and all relevant documents
- Shareholders’ resolutions (where required)
- Attend the offices of the licensing body
- Complete the business transfer process
- Make payment of consideration amount to be received for the business purchase
Signing Process
Once we have prepared the draft of your business/assets purchase power of attorney, based on your location, the following process for the signing will need to be followed:
Scenario 1: Sign in UAE for use in UAE
If you reside in the UAE, a business/assets purchase power of attorney can be signed before a Notary Public in Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah, Fujairah, Ajman or Um Al Quwain. Regardless of the place of signing within the UAE, a business/assets purchase power of attorney remains valid throughout the UAE.
We provide end-to-end assistance on preparing and notarizing the power of attorney in the UAE.
Scenario 2: Sign outside UAE for use in UAE
If you reside outside the UAE, a business/assets purchase power of attorney can be signed before a Notary Public in the country of your residence. Once signed, attestations by the following government departments will be required before it can be used in the UAE:
1. Country of your residence
- Ministry of Foreign Affairs in the country of your residence
- UAE Embassy in the country of your residence
2. United Arab Emirates
- Ministry of Foreign Affairs in the UAE
- Ministry of Justice in the UAE after Arabic translation
Our fee for assistance on the UAE attestations is AED 899. This includes the government fee. However, if the document is treated as commercial document by the UAE Ministry of Foreign Affairs, the government fee of AED 2,000 shall apply in addition.
Scenario 3: Sign in UAE for use outside UAE
If you reside in the UAE, a business/assets purchase power of attorney can be signed before a Notary Public in Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah, Fujairah, Ajman or Um Al Quwain. Depending upon the country where the power of attorney will be used, attestations by the following government departments will be required:
- Ministry of Foreign Affairs in the UAE
- Embassy/consulate of the country where the power of attorney will be used
Scenario 4: Business/Assets Purchase Power of Attorney for India
If the power of attorney is intended to be signed in the UAE and used in India, the draft can be prepared by us and you will need to sign the draft at the IVS Global offices.
Government Departments
We can help you with the processes in the following government departments.
