A power of attorney for representation of interests of any natural person or legal entity before institutions, organisations, companies or any third parties is one of the most wide-spread types of powers of attorney. The subject of this type of a power of attorney will depend on the public bodies before which your interests need to be represented and on the purpose of the power of attorney (registration of a natural person-entrepreneur, opening a bank account, representation in courts, holding business negotiations etc.).

A power of attorney for representation of interests must identify a clear circle of the attorney’s powers and public bodies, institutions, companies before which the attorney may represent your interests, as some organisations in Ukraine do not accept generally formulated powers of attorney for representation of interests, but require that their names be clearly specified.

Clear specifications of powers in a company’s power of attorney for representation of interests will help avoid exceeding of powers by the attorney and committing of actions which he/she must not perform.

A notarised power of attorney for representation of interests contains information about the attorney (name, surname, patronymic, his/her place of residence; additionally, his/her passport data and registration number of the taxpayer’s record card (used to be known as the individual tax number). Therefore, to notarise a power of attorney, you should provide the notary with this information.

Under a power of attorney, you may delegate powers to one or several persons, who will act independently of each other.