Execution time: from 30 minutes
Notarized copy: by prior arrangement
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Documents for an individual: Passport, TIN
Documents for a legal entity representative: Protocol and order, (or other credentials of a signatory), Articles of association, extract and seal, Passport and TIN of a signatory
Please note:

An attorney (the one to whom the power of attorney is drawn up) does not have to be present! Only his data is required: full name, registration address, TIN, date of birth, passport details (if necessary).

You want to receive the money you are entitled to but you have no opportunity to do this personally. The perfect solution in such case is a power of attorney for receipt of money.

A power of attorney for receipt of money shall include what money exactly your attorney is entitled to receive (pension, scholarship, money from a current account in the bank, money under contractual obligations, etc.) and at what institutions, organizations, enterprises, from third persons.

Some organizations require that their exact company name is stated in a power of attorney. For a power of attorney to receipt of a pension, we recommend that you issue such power of attorney for a short period of time, whereas an attorney may be asked to confirm the fact that the principal is alive (this document is notarised as a certificate confirming that a natural person is alive).

Please note that some banks require an excerpt from the Unified Register of Powers of Attorney on the registration of the power of attorney to be presented with the power of attorney. You should consider this fact when formalising a power of attorney for receipt of money at a bank.

A power of attorney includes information on an attorney (full name and registered place of residence; his/her passport details and registration number of the taxpayer identification card (formerly called individual taxpayer number) may be additionally indicated). Therefore, to notarise a power of attorney, you need to provide a notary with the information stated above.

A power of attorney may be used to grant powers to either one or several designated persons at the same time, who will be entitled to act jointly and independently from each other.

It is important to define the scope of powers that you are going to transfer to your attorney under a power of attorney for receipt of money.


How to draw up the Power of Attorney for receipt of money?

The Power of Attorney for receipt of money is issued by a notary. To draw up a Power of Attorney, it is necessary to present the documents of the principal (passport, TIN), as well as the attorney’s personal data. Moreover, it is important to ask the bank for a sample text of the power of attorney.

What does the Power of Attorney for receipt of money look like?

The document is drawn up by a notary on a special notary form. The Power of Attorney indicates the principal, his/her passport data, TIN and the attorney’s data. It is obligatory to indicate where and what funds you entrust to receive. We recommend you should first request a sample of such a Power of Attorney at the bank where you plan to receive money by it.

Who can witness the Power of Attorney for receipt of money?

The Power of Attorney for receipt of money is witnessed by the notary. The notary certifies the identity and legal capacity of the principal. When turning to a notary, the principal’s presence and availability of the passport and TIN originals are required.


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Ukraine, 01001, Kyiv
7/1 Malopidvalna St.

Maidan Nezalezhnosti Underground Station


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Saturday, Sunday By previous appointment
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