Question 1

Q-1. What is the typical cost of a Share Sale Power of Attorney in the UAE?

Accepted Answer

The cost usually includes fees for drafting, notarization, and possibly attestation and translation (if signed outside the UAE). It can range from AED 1,500 to AED 3,000 or more, depending on the complexity and where it's issued. For an exact quote, it’s best to contact Safe Ledger.

Question 2

Q-2. What is a Share Sale POA used for?

Accepted Answer

A Share Sale Power of Attorney allows you to authorize someone (your Agent) to sell your company shares on your behalf. This is useful if you're not available to complete the process yourself or want to delegate the task to a trusted representative.

Question 3

Q-3. How long is the validity of the Share Sale Power of Attorney?

Accepted Answer

The POA is valid either until the share sale transaction is completed or until the end date written in the document. It also becomes invalid if you or your Agent passes away, or if the POA is officially revoked.

Question 4

Q-4. Can I cancel a Share Sale POA at any time?

Accepted Answer

Yes, you can cancel the POA at any time, provided you are mentally sound. To cancel it, you must follow the legal procedure and notify all relevant parties, including the Agent and any authority involved.

Question 5

Q-5. What documents are required for Share Sale Power of Attorney?

Accepted Answer

You’ll generally need:

A valid passport copy (yours and your Agent’s)

Company name and license details

Number of shares and shareholder certificate copy

Emirates ID (if available)

Any supporting board resolutions (for corporate shareholders)

Question 6

Q-6. Does a Share Sale Power of Attorney need to be translated into Arabic?

Accepted Answer

Yes, for any official use within the UAE, the POA must be in Arabic. If the document is in another language, a certified legal translation into Arabic is required before notarization.

Question 7

Q-7. Is Share Sale Power of Attorney mandatory for selling company shares in the UAE?

Accepted Answer

No, it’s not mandatory. However, it is highly recommended that the shareholder not be physically present to sign the documents or attend meetings. It ensures a smooth, legally valid share transfer without delays.

Question 8

Q-8. Can a Share Sale POA be used for multiple transactions?

Accepted Answer

Yes, if the POA document specifically states that the Agent has ongoing authority to sell shares in multiple companies or over time, it can be used for multiple transactions. Otherwise, it may be limited to a single transaction or sale.

Question 9

Q-9. Who can be appointed as an Agent under a Share Sale Power of Attorney?

Accepted Answer

You can appoint any trusted adult individual, such as a family member, friend, lawyer, or business associate. However, for corporate matters, it’s advised to appoint someone with legal or financial experience and ensure they're not conflicted.

Question 10

Q-10. What is the process to notarize a Share Sale POA in the UAE?

Accepted Answer

The steps typically include:

Drafting the POA in Arabic or bilingual format.

Visiting a Notary Public or using online notarization via the Ministry of Justice portal.

Signing the POA in front of the notary (or e-signing, if online).

Receiving the notarized document (physically or digitally).

If signed abroad, the document must be legalized by the UAE Embassy and attested by the UAE Ministry of Foreign Affairs (MOFA).

Share Sale Power of Attorney in UAE

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