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Certificate Of Authority To Transact Business

Certificate Of Authority To Transact Business Template for United Arab Emirates

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Key Requirements PROMPT example:

Certificate Of Authority To Transact Business

I need a Certificate of Authority to Transact Business for our Dubai-based trading company, authorizing our newly appointed Regional Manager to conduct transactions up to AED 500,000 and represent our company before government authorities, valid from March 1, 2025.

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Document background
The Certificate of Authority to Transact Business is a crucial document in the United Arab Emirates' business landscape, required when companies need to formally delegate authority to individuals for conducting business operations. This certificate is particularly important in the UAE's business environment, where clear documentation of authority is essential for legal and commercial transactions. It is commonly used when companies establish new business relationships, open bank accounts, apply for government services, or authorize representatives to act on their behalf. The document must align with UAE Federal Law No. 32 of 2021 and other relevant regulations, often requiring official authentication or notarization. It typically includes detailed information about the scope of authority, limitations, and duration of the authorization, serving as a critical tool for business operations while ensuring compliance with UAE legal requirements.
Suggested Sections

1. Entity Information: Full legal name, trade license number, and registered address of the company granting authority

2. Authorized Person Details: Complete information about the individual(s) being granted authority, including full name, nationality, passport/Emirates ID details

3. Scope of Authority: Detailed description of authorized business activities and transactions permitted

4. Duration of Authority: Validity period of the authorization, including start and end dates

5. Authentication: Official company stamp, signatures of authorized signatories, and any required notarization details

6. Declaration: Formal statement confirming the grant of authority and its legitimate basis

Optional Sections

1. Delegation Powers: Section specifying whether the authorized person can delegate authority to others, used when sub-delegation might be necessary

2. Geographic Limitations: Specific emirates or regions where the authority is valid, used when authority is geographically restricted

3. Financial Limits: Maximum transaction values or financial limitations, used when monetary restrictions apply

4. Reporting Requirements: Obligations to report activities conducted under this authority, used for high-value or sensitive authorizations

Suggested Schedules

1. Schedule A - Authorized Activities: Detailed list of specific business activities and transactions permitted under the authority

2. Schedule B - Required Documents: List of supporting documents attached, such as trade license copy, passport copies, etc.

3. Appendix 1 - Specimen Signatures: Sample signatures of authorized persons for verification purposes

4. Appendix 2 - Corporate Resolution: Copy of the corporate resolution authorizing the issuance of this certificate

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions























Clauses




















Relevant Industries

Banking and Financial Services

Real Estate

Construction

Trading and Import/Export

Manufacturing

Professional Services

Retail

Healthcare

Technology

Logistics and Transportation

Energy and Resources

Hospitality and Tourism

Relevant Teams

Legal

Compliance

Corporate Governance

Operations

Finance

Administration

Corporate Affairs

Risk Management

Human Resources

Business Development

Relevant Roles

Chief Executive Officer

Managing Director

General Manager

Company Secretary

Legal Counsel

Compliance Officer

Corporate Governance Manager

Operations Director

Finance Director

Business Development Manager

Human Resources Director

Regional Manager

Branch Manager

Authorized Signatory

Board Member

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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