A Power of Attorney is a legal document in which one person transfers to another person the right to perform or the power to transact in matters relating to property, banking, legal and judicial proceedings, and so on for a variety of reasons such as being out of the country, growing old, or being unable to handle one’s responsibilities in those areas, among others. A power of attorney is a legal document in which one person, known as the donor or principle, permits another person, known as the donee, attorney, or agent, to act on his behalf.

Individuals who live in a nation with assets in that same country can appoint local agents or attorneys-in-fact. A power of attorney (POA) is used to designate a representative if you want to travel overseas but need someone to look after your affairs while you are gone.

Those having assets such as properties in the UAE, on the other hand, will want the services of an agent who is conversant with UAE legislation. Unless you are ready to travel to and from the UAE on a regular basis to handle your affairs, it is normally better if you obtain a power of attorney to have an overseas agent assist you in managing your assets.

A Power of Attorney for Business may be obtained by any individual or organisation in the UAE. This does involve a distinct firm.

It is frequently used when a firm hires an accountant or legal adviser and the organisation must give the individual authority to file papers or collect documents on the company’s behalf. When signing a POA in the UAE, ensure that the individual or organisation is trustworthy for your business. Pay great attention to, and carefully analyse, the authority granted by the POA. Avoid providing unnecessary authority. Give power based on your requests and needs, not arbitrary ones.