Commercial Agency Contract

Commercial Agency Contract

1,522.50 AED 2,992.50 AED

Details

This service enables you to record a contract whereby a principal selects an agent to act on his behalf while distributing, providing, or presenting a good or service inside the United Arab Emirates in exchange for a fee or commission.

– Original ID card with a backup for records
– One copy of the “contract” document must be certified for each party involved, in addition to a copy for recordkeeping.
– A notarized power of attorney with an original for inspection and a copy for the records in the event of a proxy.

– Notary Public Fees (not including our charges)

– For any contract/ document of less than AED 50,000 or of unspecified value: Fee AED 500.

– For any contract/ document of more than AED 50,000 and less than AED 200,000: Fee AED 1,000.

– For any contract/ document of more than AED 200,000: Fee 0.5% of the document value, capped at AED 20,000.

– Presence of the principal before the Notary Public.
If the principal is a representative of another principal, he should bring his original POA, comply with the powers granted to him by his principal, and have the right to appoint others.

– If the document is not in Arabic, it should be translated by a legal translation office certified by the Ministry of Justice.

– Any document issued outside the country must be authenticated by the competent authorities (Ministry of Foreign Affairs).

– The POA clauses shall be clear and explicit, without any erasure or deletion.

– Practicing the functions of commercial agents shall be limited to UAE nationals, whether individuals or companies that are fully owned by UAE nationals.

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