MSZ provides expert assistance to individuals and businesses worldwide, helping them establish and expand their operations in the United Arab Emirates and Saudi Arabia. Whether you're launching a new venture or seeking to grow an existing business, MSZ.ae is committed to helping you make informed and strategic decisions for your company's success.
Power of Attorney
UAE has become a significant business center point in the world. The nation gives state-of-art business infrastructure and quality of life that attracts businesses and expats from around the world. Given the quick-moving environment, the power of attorney has become one of the most normally used documents depended upon by businesses and individuals to meet their daily needs.
The power of attorney is a legal document signed by an individual to allow another person to act on the principal’s behalf in front of third parties. Relying upon the nature of the power of attorney, the agent can normally be a family member, friend, employee, a partner or a lawyer.
Personal Power of Attorney vs Business Power of Attorney
It is essential to understand the distinction between a personal power of attorney and business power of attorney in the UAE.
The personal power of attorney is provided by a person to somebody, through which the principal grants specific or general powers to the agent. This type of power of attorney (POA) is frequently used by people to guarantee that work is carried out in circumstances, for example, disability or illness or when the principal is abroad or can’t be available to sign required legal documents.
A business power of attorney is provided by a company to somebody (a worker or a third party) to carry out specific or general transactions in the favor of the company.
Types of powers of attorney
For Individuals
- A general power of attorney
- Special power of attorney
For Companies
- General Manager power of attorney
- Special power of attorney
Signing Process
The power of attorney is arranged in a bilingual format (English and Arabic). Arabic translation is compulsory, as the official language of the UAE is Arabic.
–Three originals of the power are signed/certify at the Notary Public’s office. The Notary Public registers the power of attorney and returns two originals to the principal.
MSZ corporate services provider offers full Power of Attorney typing and drafting also other services including document clearing, translation, attestations, representation, and corporate services. Call us now Contact Us or send us an email at info@msz.ae
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Why MSZ for your Business?
We help individuals and enterprises from across the world launch and grow their operations in the United Arab Emirates. Whether they are new companies or existing ones. We at MSZ.ae are ready to help you make wiser decisions for your company. Expertise in offering Accounting & BookKeeping Solutions & assistance for establishing a business formation in the UAE, helping customers with their establishment & maintenance needs.
What types of services does MSZ provide?
MSZ specializes in business setup, accounting and bookkeeping, and product registration to support companies in the UAE and Saudi Arabia.
Can MSZ help with registering products in the UAE & Saudi Arabia?
Yes, MSZ offers expert assistance with product registration to ensure compliance with local regulations, making it easier for businesses to launch products in the market.
Does MSZ handle accounting and bookkeeping for businesses?
Absolutely, MSZ provides full accounting and bookkeeping services, helping businesses maintain accurate financial records and meet regulatory standards.