RAK Offshore Companies Qualified To Buy Property In Dubai
Now RAK Offshore Companies are qualified to purchase and own real estate properties in Dubai. Effective from January 2011, all offshore companies were not allowed to own properties in Dubai, except for companies registered in Jebel Ali Free Zone. This has changed now. One major real estate news story stood out last month in Dubai.[…]
Benefits Vs. Risks of Giving a Power of Attorney
A Power of Attorney is a legal document in which one person gives another person, the agent, the right to perform certain tasks or make decisions on his or her behalf. Authority A Power of Attorney can be as broad or narrow as the principal makes it. He can give general powers or restrict the[…]
General Managers’ Powers and Liabilities in UAE
In general, any company incorporated in the UAE, whether registered on-shore or in one of the free-zones, has to appoint a general manager or a person-in-charge, who is largely entrusted with the responsibility to run day-to-day operations of that legal entity. In some cases, but not always, the powers and authority of a General Manager[…]
Why UAE Free Zone Companies Need POA for Managers?
In the past few years, we have been getting many inquiries from companies registered in Free Zones, whose major order is to make sure that their company’s Managers are able to carry on tasks from supervising the regular day-to-day business operations to representing the company before any governmental and semi-governmental authorities. These are just some of[…]