KUWAIT CITY – The Ministry of Trade and Economy, has issued a circular letter on 19 March 2019 regarding new regulations with respect to powers of attorney (PoAs).
The main aspects of the changes can be summarised as follows:
- PoAs should accompany the application upon filing, and a grace period of 3 months for the late filing of documents is no longer acceptable;
- Each application belonging to the same applicant, requires a separate PoA to complete the filing, and
- The term of validity of the PoA cannot exceed 10 years, renewable within 6 months before expiry.
The above is scheduled to take effect on 5 April 2019, although the final approval of this new regulation is pending at the governing authority.
If you have any questions, please contact email@example.com.