Power of Attorney (POA) for Bank Account Operations and Property Sale is an attested agreement within the UAE that empowers a reliable person or agent to undertake the process on behalf of the applicant for banking or property sales. Such POAs are often sought when the applicant is not within the UAE or is unable to personally undertake the process.
The purpose of the POA for Bank Account is to empower an attorney to act on behalf of the principal at UAE banks, such as WIO Bank, Mashreq Bank, RAK Bank, or other domestic or foreign banks, to open, operate, manage, or close bank accounts. In the UAE, the bank accounts’ POA must be specific, restricted, and UAE-compliant, failing which the application can be disapproved.
The POA for Property Sale empowers the attorney to sell a certain property on behalf of the client. This includes signing Form A, Form F, Sale & Purchase Agreement (SPA), and representing the client in front of the Dubai Land Department (DLD), Trustee Offices, and Developers. Property POAs are extremely sensitive and require precise information regarding the property and financial authorities.
Both kinds of POA can be done online through the UAE Notary system (if eligible) or in person at the Notary Public office. High-value or property-based POAs might need physical notarization.
The 365 Day PRO Corporate Services offers complete services for the preparation, notarization, translation, and handling of bank account transactions, as well as the sale of properties in Dubai, Abu Dhabi, and Sharjah.
Why Choose 365 Day PRO Corporate Services for POA for Bank Account & Property Sale
By selecting the 365 Day PRO Corporate Services, you can rest assured that your POA is legal, specific to the relevant authority, and accepted by banks and DLD without any rejections. Our team starts the process by performing an assessment to check if a Special POA and/or a Limited POA is required and if the notarization needs to be done electronically or physically.
We prepare POA text accepted by banks and approved by DLD, with Arabic or bilingual text, as per UAE Notary norms. In bank POAs, we prepare customized text for bank compliance. In property sales POAs, we verify specific details of the title deed, name of the project, and scope of transaction.
We deal with legal translation services, notary appointment scheduling, Emirates ID card verification, video notarization (online), and notary coordination (not actual), thereby saving time for our clients and preventing them from incurring heavy costs. This makes us reliable for POA services in the UAE.
Step-by-Step Process of POA for Bank Account & Sale of Property
Step 1: Purpose and POA Type Confirmation
Determine if the POA is for banking or for the sale of property.
Step 2: Party & Authority Details Collection
Extract Principal and Attorney information, authority levels, and validity dates.
Step 3: Drafting of POA (Arabic / Bilingual)
Draft the notary-approved POA in bank sale or property sale.
Step 4: Legal Translation (If Required)
Translate POA through certified legal translator.
Step 5: Online Notary or Physical Notary Appointment
Video Online Notarization or Physical visit to Notary Public.
Step 6: Identity Verification and Notarization
Emirates ID verification and signing in front of a Notary.
Step 7: Issuance & Usage
Get notarized POA for submission to the bank or for a DLD property transaction.
Documents Required for POA for Bank Account / Property Sale
For Individuals
-
Copy of passport
-
Emirates ID
-
Residence visa (if applicable)
-
Property title deed (for Property Sale POA)
-
Bank details (for Bank POA)
For Corporations (If Applicable)
-
Trade license
-
MOA / AOA
-
Board Resolution approving the POA
-
Passport & Emirates ID of authorized signatory
Frequently Asked Questions – POA for Bank Account & Property Sale
Is POA valid for opening a bank account in the UAE?
Yes, if the wording is bank-specific and notarized.
Is POA valid for property sale in Dubai?
Yes, if registered and accepted by DLD.
POA can be made online in UAE?
Yes, for eligible cases through online notary.
Is Arabic mandatory for POA?
Yes. For notarization in the UAE, the Power of Attorney must be in Arabic or in a bilingual (Arabic/English) format.
Is a POA Revocable?
Yes. A Power of Attorney can be revoked at any time through the Notary Public.
Do banks accept general POA?
In most banking institutions, a Special Power of Attorney is required for banking transactions.
Is physical notarization necessary in the POA for the sale of property?
Yes, depending on the case.
How long does the POA process take?
Same day to 2 working days.
Can POA be used outside UAE?
With attestation, yes.
Why use PRO services for POA?
To avoid rejection and ensure that the company fully complies with legal and regulatory requirements.