Business/Assets Sale Power of Attorney
Authorizes another individual to sell and transfer the business of a company. The authorized person is authorized by the shareholder to sign necessary business sale agreement and other ancillary documents.
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Pricing Packages
Silver
AED 599
Business/Assets Sale Power of Attorney
Preparation in 8 working hours
Delivery to your location
Drafting in Arabic
Drafting in English
Amended to suit your requirements
Unlimited free consultation
Assistance at Notary Public in Dubai
Gold
AED 799
Business/Assets Sale Power of Attorney
Preparation in 8 working hours
Delivery to your location
Drafting in Arabic
Drafting in English
Amended to suit your requirements
Unlimited free consultation
Assistance at Notary Public in Dubai
Platinum
AED 1199
Business/Assets Sale Power of Attorney
Preparation in 8 working hours
Delivery to your location
Drafting in Arabic
Drafting in English
Amended to suit your requirements
Unlimited free consultation
Assistance at Notary Public in Dubai
Description and Powers
Description
A business sale power of attorney is used where the owner of a business wishes to sell and transfer the business to another person but is unable to travel to the UAE or otherwise attend the business sale and transfer formalities.
Powers included
A business sale power of attorney includes powers to:
- Sign business sale agreement and all relevant documents
- Shareholders’ resolutions (where required)
- Attend the offices of the licensing body
- Complete the business transfer process
- Receive consideration amount to be received for the business sale
Signing Process
Once we have prepared the draft of your business/assets sale 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 sale 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 sale 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 sale 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 sale 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 Sale 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.
