Share Sale Power of Attorney

A share sale power of attorney is used in order to authorize an individual with regards to the sale and transfer of shares of the shareholder of a company. With it, the shareholder authorizes the authorized person to sign the share purchase agreement, other ancillary documents and attend the relevant 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 Sale 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 Sale 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 Sale 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 sale power of attorney is used by the shareholder of a company in order to transfer the authority of selling and transferring shares to another person as they are unable to travel to the UAE to fulfill the formalities that are part of selling and transferring shares.

Powers included in a share sale power of attorney

A share sale power of attorney includes powers to:

  • Sign the share sale agreement along with all other relevant documents
  • Sign the shareholders’ agreement whenever and wherever required
  • Share transfer forms
  • Visit the offices of the concerned licensing bodies, including the Free Zone or the Department of Economic Development
  • Visit the offices of the Notary Public or the concerned Free Zone Authorities to sign share transfer agreements as well as memorandum & articles of association
  • Complete the share transfer process
  • Receive consideration amount to be received for the share sale
 

Signing Process

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

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