Share Purchase Power of Attorney

A share purchase power of attorney provides the authority to an individual with regards to purchasing and transferring shares in a company in the name of the purchaser, which is the person giving the power of attorney. With the acquisition of a share purchase power of attorney, it is in the power of the authorized person to sign necessary share purchase agreement, other ancillary documents and fulfill all required share transfer formalities.

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How it Works

How to make a UAE recognised power of attorney

Choose your POA and place the order in a few clicks.

We will prepare your sample or draft POA and finalize it after your approval.

We will deliver the originals to you with signing instructions.

 

Pricing Packages

Share Purchase Power of Attorney
Most Frequently Ordered
Compare our Power of Attorney packages and pricing.
Basic
AED699
AED499
Regular
AED899
AED699
VIP
AED1299
AED1099
(End-to-end service with signing assistance at Notary Public)
Share Purchase Power of Attorney
Preparation in 8 working hours
Your power of attorney is prepared within 8 working hours of the order.
Delivery to your location
Delivery in the basic package is done in digital format by email and it is acceptable to the Notary Public.
Drafting in Arabic
Drafting in English
Amended to suit your requirements
Any number of amendments made to reflect your specific needs.
Unlimited free consultation
This consultation is provided over the phone.
Assistance at Notary Public in Dubai
This service is available in Dubai only.
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Share Purchase Power of Attorney
Basic
AED699
AED499

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

VIP
AED1299
AED1099
(End-to-end service with signing assistance at Notary Public)

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 share purchase power of attorney is required in cases where the purchaser of shares is unable to travel to the UAE or otherwise become part of formalities that are required for the share purchase and transfer.

Powers included

The range of powers that are authorized in a share purchase power of attorney includes:

  • Sign share purchase agreement and all relevant documents
  • Shareholders’ agreement (where required)
  • Share transfer forms
  • Attend the offices of the licensing body (such as Department of Economic Development or the Free Zone)
  • Attend the Notary Public or Free Zone Authority’s offices (as applicable) for signing share transfer agreement and memorandum and articles of association
  • Complete the share transfer process
  • Make payment of consideration amount to be payable for the share purchase
 

Signing Process

Once we have prepared the draft of your share 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 share 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 share 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 share 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 share 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: Share 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.

Dubai Economic Department
Dubai Courts
UAE Ministry of Economy
UAE Ministry of Labour
Abu Ahabi Judicial department
RTA
Dubai Land Department
RERA
Ministry of Justice UAE
Ministry of Foreign Affairs UAE