A General Power Of Attorney Is A Legal Document That Allows You To Nominate One Or More Entities (Called An “Agent” Or “Attorney-In-Fact”) To Act On Behalf Of You In All Legal, Business, And Financial Matters, And The Legal Tasks Including Bank Transactions, Tax Return Filing, Signing Contracts And Dealing With Property Purchasing And Selling.
Provide A General Power Of Attorney Only To An Entity Who You Really Trust, Since It Gives Your Agent Broad Powers To Act And Make Decisions On Behalf Of You. Otherwise, You May Consider Giving A Special POA.
Usually, It Can Be Used To Buy Real Estate, Set Up Businesses, And Represent You Before Government Officials. However, This Contract Does Not Hold Good To Sell Vehicles, Real Estate, Or Company Shares In The UAE.