Execution time: from 30 minutes
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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).

Some people apply to notary's office with a request to formalise a power of attorney for signing authority. What is exactly meant by a power of attorney for signing authority in such case? Most probably that when you apply to a notary with such request, you need to transfer your authorities to sign various documents (signing agreements, invoices, accounting documents, various statements, etc.).

Usually, the purpose of such power of attorney lies not in signing of specific power of attorney for signing of agreements, but those consequences after such signing, for example, transfer of an ownership right (when signing a sale and purchase agreement), receipt of a certificate of inheritance (when signing a statement on such certificate issue), registration/re-registration of a legal entity (when signing respective statements), etc.

It should be mentioned that the text of a power of attorney should include the list of documents an attorney is authorized to sign.

A power of attorney includes information on an attorney (full name and registered place of residence; passport details of an attorney 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.

According to a power of attorney, you may transfer your powers either to one representative or to several persons who will act individually, independently of each other.

Question-answer::

How to obtain the Signatory power?

The Signatory power is issued by a notary. The principal should be present. You should have your passport and TIN with you. The presence of an agent is optional.

What documents do I need to obtain the Signatory power?

To obtain the Signatory power, you have to provide the passport and TIN of the principal and the personal data of the agent. The presence of the principal’s source documents, as well as his/her personal presence, is obligatory.

How long is the Signatory power valid?

You can independently set the validity period of the Signatory power based on your interests. Usually, a period from 1 month to 3 years is indicated. You can also revoke the document before the expiration date, if necessary.

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