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Understanding the Local Service Agreement (LSA) in the UAE
The Local Service Agreement (LSA) is a crucial component for foreign investors and entrepreneurs looking to establish a business in the United Arab Emirates (UAE), especially when setting up a company that requires a professional license or falls under specific business activities that mandate local involvement.
What is a Local Service Agreement?
A Local Service Agreement is a legal contract between a foreign business owner (or company) and a UAE national (referred to as a Local Service Agent or LSA). Unlike in commercial companies where local partners hold a stake, the LSA does not hold any ownership in the business. Instead, the LSA provides services to facilitate business activities that require local representation, ensuring compliance with UAE regulations.
Key Features of an LSA
Process for Creating and Notarizing a Power of Attorney (POA) in UAE
Typing of POA
- Consult with the client to understand their specific needs and requirements for the POA.
- Draft the POA document, ensuring it includes all necessary details as specified by the client, such as the scope of authority, duration, and any specific instructions.
Submission and Verification of Document
- Submit the drafted POA document to the relevant authorities or typing centers approved by the UAE government for verification.
- The document is reviewed to ensure it complies with UAE laws and regulations.
- Make any necessary corrections or adjustments as advised by the authorities.
Schedule Signing
- Contact the Notary Public’s office to schedule an appointment for the signing of the POA.
- Ensure that all parties involved are informed of the scheduled date and time.
- Gather all required identification and supporting documents needed for the appointment.
Signing of Document in Front of Notary Officer
- Attend the scheduled appointment at the Notary Public’s officeor online.
- Present the POA document and required identification (such as passports or Emirates IDs) to the Notary Officer.
- The Notary Officer will verify the identities of the parties involved and ensure that they understand and agree to the contents of the POA.
- All parties involved must sign the POA document in the presence of the Notary Officer.
Payment and Receiving Final Document
- Pay the applicable notary fees for the notarization of the POA document.
- Upon successful payment and completion of the signing process, receive the notarized POA document from the Notary Public.
- Ensure that the notarized POA is stored securely and that copies are provided to relevant parties as necessary.
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