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What are the Factors That Affect Notary Public Fees? A notary public is a person who is legally qualified to notarize official documents such as contracts, declarations, wills, etc. He plays a crucial role in ensuring the validity and legal enforceability of these documents. There are many factors that affect the determination of notary public fees in the UAE, which we will discuss in today’s article.
Notary Public in the UAE
A notary public in the UAE is a legally qualified person who is licensed to practice a range of legal and administrative activities, which mainly include documenting and authenticating documents and papers. In other words, he is the intermediary who ensures the validity and integrity of legal transactions, and confirms the identity of the contracting parties and their consent to what is stated in the document.
Types of Notary Public in the UAE
- Public Notary Public: A government employee working in the competent department, who undertakes the tasks of documenting official documents and conducting the legal procedures related to them.
- Private Notary Public: A natural person licensed to practice the profession of notary public, and is often a lawyer or has legal qualifications.
Why do we need a notary public?
- Ensuring the validity of transactions: A notary public ensures that the transaction was conducted legally and between the correct parties.
- Protecting the rights of the parties: A notary public protects the rights of all contracting parties.
- Facilitating legal procedures: A notary public speeds up legal procedures and reduces complications.
Factors That Affect Notary Public Fees
Notary public fees in the UAE are subject to several variable factors, which makes determining the exact amount before completing the transaction somewhat difficult. Here are the most important Factors That Affect Notary Public Fees:
Type of Transaction:
- Drafting Contracts: Fees vary depending on the type of contract (sales contract, lease, gift, etc.) and its value.
- Document Notarization: Fees for notarizing official documents such as certificates, powers of attorney, etc.
- Company Registration: Fees for company registration and license renewal.
- Other Transactions: There are many other transactions that require the intervention of a notary public, each with its own fees.
Transaction Value:
The higher the value of the transaction, the higher the fees usually are. There are different value brackets, and each bracket has a specific fee percentage.
Number of Parties:
Within Factors That Affect Notary Public Fees, the more parties sign the contract or document, the higher the fees.
Number of Pages:
In some cases, additional fees are charged based on the number of pages of the document.
Location:
Factors That Affect Notary Public Fees may vary slightly from one emirate to another, or even between different notary offices within the same emirate.
Additional Services:
If you request additional services from the notary public, such as bringing the document to your home or office, additional fees may be charged.
Amendments:
If any amendments are made to the document after it has been signed, additional fees may apply.
Laws and Regulations:
Factors That Affect Notary Public Fees are subject to government laws and regulations that are updated periodically.
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