A Power of Attorney (POA) attestation is legalization of a letter of authorization to act on one’s behalf to handle private or business affairs or represent in legal matters. Here, the person giving the authority is the Principal.
There are different types of Power of Attorney letter explained as follows. The distinction is drawn based on the nature of power given and the activities the attorney is allowed to handle. The POA is signed and notarized in the presence of the Notary Public. The attorney can exercise this power only if they have the certified copy of the Power of Attorney. The charges for attestation of a Power of Attorney for UAE will differ based on whether the nature of the document is to serve commercial purposes or not.
What is a General Power of Attorney?
A general power of attorney gives a broad range of powers to the agent such as handling insurance, making gifts, financial transactions, business transactions, taking business decisions etc. This is very useful for persons who are not able to physically be available to handle such affairs or are out of country and unable to travel and other scenarios of such nature.
What is Special Power of Attorney?
A Special Power of Attorney is drafted to serve a specific task or matter. As such, the authority given to the attorney will be limited to the scope of the task mentioned. It may be drafted for sale of property or assets, debt collection, handling business transaction etc.
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