What are the legal implications of using Power of Attorney in Dubai?
Using a Power of Attorney (POA) in Dubai involves several legal implications and requirements that individuals and businesses must consider. A POA is a legal document that grants one person (the agent or attorney-in-fact) the authority to act on behalf of another person (the principal) in specific matters. Lawyers in Dubai can assist with drafting, executing, and understanding the implications of a POA. Here are the key legal considerations: Types of Power of Attorney: In Dubai, there are several types of POA, including: General Power of Attorney: Grants broad powers to the agent to act on behalf of the principal in all matters. Special Power of Attorney: Limits the agent's authority to specific tasks or decisions, such as selling a property or managing bank accounts. Durable Power of Attorney: Remains in effect even if the principal becomes incapacitated. Limited Power of Attorney: Has a limited scope and duration, typically for a specific transaction. Legal Requirements: