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Notarization of Power of Attorneys
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All You Need To Know About Notarization of Power of Attorneys in Dubai

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All You Need To Know About Notarization of Power of Attorneys in Dubai A power of attorney is a document that provides an individual or an organization the authority to represent someone in terms of property or ownership during their absence or unavailability. A power of attorney needs a mandatory notarization by a third party, the Notary Public in Dubai, who reviews the document before attestation. TYPES OF POWER OF ATTORNEYS General Power Of Attorney A general power of attorney authorizes an agent to act on behalf of the principal in a variety of situations. The agent will be permitted to perform numerous legal activities such as bank transactions, tax return filing, contracts and dealing with property purchasing and selling. Special Power Of Attorney Special Power of Attorney is provided to an agent for handling a special affair on behalf of the principal. The principal has to clearly mention what all actions and authorities they may grant to the agent in the power of attorney agreement. Agents with Special Power of Attorney will be able to perform only the tasks that are mentioned in this document. Lasting Power Of Attorney The Lasting Power of Attorney is available only in Dubai. It is for those who are facing health-related issues that may make them incapable of making decisions in future. Principals can make arrangements to transfer the rights to someone trustworthy for making decisions in the future on their behalf. Notarization of Power of Attorneys in Dubai To receive a power of attorney in Dubai, the principal needs to submit the necessary documents and a POA form. The Power of Attorney document contains details regarding the concerned activity along with the agent’s responsibilities and powers. An attestation fee needs to be paid along with the documents for reviewing by the notary public in Dubai. After performing a thorough review, the submitted application will be attested by the notary public in Dubai. Documents required for notarizing a power of attorney in Dubai Principal’s original Emirates ID card and a copy Principal’s original passport and a copy Notarization of Power of attorneys along with three copies All documents need to be made in Arabic. If they are in some other language not Arabic, the principal can file the translations along with the other documents. A principal may also need to submit additional documents depending on each individual case. For instance, those who are planning to give POA for a real estate matter need to submit ownership documents to prove the ownership of the property. If you need any assistance in the notarization of a power of attorney in Dubai, Corpin Consultants can guide you through the entire process and ensure you get a hassle-free signing experience. Contact us today for a free consultation.[/vc_column_text][/vc_column][/vc_row]

Blogs, Business, Business Consultancy

Few Guidelines for Setting Up A Business in Fujairah

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Few Guidelines for Setting Up A Business in Fujairah Fujairah is one of the less populated states in the UAE located along the Gulf of Oman. It has a seaport and airport which makes this an ideal destination for import and export businesses. Also, due to the rising living costs in Dubai and Abu Dhabi, Fujairah is gaining immense popularity for business setup. If you are planning to setup your business in Fujairah, we have compiled a list of guidelines for making your journey smooth: Select the right jurisdiction Make sure to choose the right jurisdiction based on your business model.  There are two jurisdictions in Fujairah: free zone and mainland Business Setup in Fujairah Free Zone There are three free zones in Fujairah: Fujairah Free Zone Authority (FFZA), Fujairah Creative City (FCC), and International Free Zone Authority (IFZA). Setting up your business in any of these free zones will give you the right to own 100% of your company shares and exempts you from corporate and income taxes. Business Setup in Fujairah Mainland By setting up your business in the Fujairah Mainland you can access the entire UAE marketplace, giving you a wider chance to grow locally as well as internationally. A local partner will hold 51% of share in the business and an expat partner can hold 49% of the share in the company. Obtain the right license according to your business setup model Types of Business Licenses Issued in Fujairah General Trading License – It allows businesses to freely import and export of products inside and outside the UAE. Service License – This license permits businesses to offer services such as accounting, law, and business consulting. Trading or Commercial License – It allows a business to trade in specific products according to the rules of license issuing authority. Warehousing License – This license allows you for availing warehouse facilities. Industrial License – This license allows you to import raw materials, manufacture stated products and export finished products to any country. Manufacturing License – This license is issued when the free zone authority accepts a project, implemented, and fully insured for human resources and machinery. Manufacturing license is also subjected to: Built-up area and open space of the project Water, Electricity and workforce supplies Environmental aspects related to the project Documents required for registering a business in Fujairah Passport copy of shareholders, and directors Attested Board Resolution (For corporate ownership) Attested MoA & AOA (For corporate ownership) Valid business license (For corporate ownership) Suggested trade names Personal information of shareholders and investors Proposed Activities Fujairah is the perfect place to set up any kind of business. Foreign investors and local entrepreneurs can make use of its unique advantages and hassle-free business setup processes. If you require any assistance in business setup, feel free to contact us at +971 55 843 2911 or info@corpinconsultants.com.[/vc_column_text][/vc_column][/vc_row]

Business Consultancy

Key Factors To Consider When Choosing A Business Consultant

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Key Factors To Consider When Choosing A Business Consultant Dubai, known to be the ‘City of Gold’ is the best place to kickstart your entrepreneurial journey. International exposure and investor-friendly environment are the two major factors that drive entrepreneurs to set up their dream business in this city. However, when it comes to understanding the business setup process, many budding entrepreneurs face a tough time. The reason behind it is that no person can be an expert in every aspect of business. Many business owners have realized this already, in fact, if you look past, seeking guidance has enabled several businesses to take the right direction. For instance, during the initial stages of Facebook, even Mark Zuckerberg took assistance from Sean Parker who played a pivotal role in transforming Facebook from a college project into a real company. This shows the importance of hiring a business consultant to get clarity and direction in your startup journey. Here are certain key factors to consider when choosing a business consultant: 1.Knowledge A business consultant should have a profound knowledge of the company’s strengths and weaknesses, as well as current and foreseeable problems, only then, they can ensure a better future for your business. A consultant will find the right opportunities by identifying problems in the first phase. Later, they come up with strategies and develop an action plan for achieving business goals. 2.Experience Reviewing the past track records with previous businesses is a great way to analyze a consultant’s expertise. The more experienced a consultant is, the best guidance you will receive from them. If they have already served many organizations previously, they can offer a ready-made solution which worked for them in the past. If not, they will still know where to start, and which path can be better. 3.Communication Skills A good consultant can clearly convey their message and ideas to the people they work with. They are the ones who come up with the right questions to resolve all crucial business management issues facing your business. They should understand your needs and offer prompt guidance. 4.Trust and Integrity Trust and integrity is vital to any business relationship. When you work with a business consultant, you will be sharing your company’s confidential information and business strategy with them. Therefore, honesty is a crucial factor worth considering, indulge in a long conversation with the consultant as much as you can and derive to a conclusion accordingly If you are looking for a business consultant in Dubai, Corpin Consultants is a trustworthy partner you can always rely upon. We offer a wide range of services including selecting the right jurisdiction, acquiring the essential licenses, legal documentation and other startup consulting services. For a free consultation, contact ek@corpinconsultants.com or +971 55 843 2911.

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