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.
Satisfaction Guarantee
Our services is provided with a 30 days money back guarantee.
Pricing Packages
Silver
AED 499
Share 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 699
Share 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 1099
Share 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 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.
