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A General Power of Attorney (POA) in the UAE is a legal document that grants broad authority to an appointed individual (the agent or attorney-in-fact) to act on behalf of another person (the principal) in various legal, financial, and business matters. This type of POA is widely used in the UAE to delegate decision-making power when the principal is unable to handle certain affairs personally, whether due to absence, illness, or other reasons.
A General POA provides the agent with comprehensive powers to manage a wide range of activities on behalf of the principal. These may include
The agent can operate the principal's bank accounts, including depositing and withdrawing funds, writing checks, and managing investments.
The agent can handle business affairs, including signing contracts, entering into agreements, and managing the day-to-day operations of the principal's business.