Legislation Details
- Full Title: Cabinet Resolution Determining the Fees for Transactions Conducted by the Public Notary and the Private Notary's Fees
- Law Type: Cabinet Resolution
- Law Number: No. (19) of 2024
- Issued Date: 08 Mar 2024
- Effective Date: 16 Mar 2024
- Official Gazette: No. 771
- Sector: Finance and Banking
- Status: Active
- Number of Articles: 12
- Chapters/Parts: 0
- Amendments: 0
Summary
This Cabinet Resolution regulates the fees charged by public notaries and private notaries in the UAE. It establishes a schedule of fees for various notarial services and transactions, and grants the Cabinet the exclusive authority to amend these fees. The resolution aims to standardize and govern the fees charged by notaries, ensuring transparency and consistency in the notary profession. It is an important piece of legislation for businesses and individuals in the UAE who require notarial services as part of their transactions. (Cabinet Resolution Determining the Fees for Transactions Conducted by the Public Notary and the Private Notary's Fees, 2024)
What is the scope and purpose of this law?
The scope of this Cabinet Resolution is to regulate the fees charged by public notaries and private notaries in the UAE for their services and transactions. It applies to all notarial services provided by the public notary as well as the services provided by the Ministry of Justice to private notaries. The purpose is to standardize and govern the fees charged by notaries, ensuring transparency and consistency in the notary profession. (Cabinet Resolution Determining the Fees for Transactions Conducted by the Public Notary and the Private Notary's Fees, 2024, Art. 1-2)
What are the key definitions under this law?
The Cabinet Resolution provides the following key definitions:
- Ministry: The Ministry of Justice
- Profession: The Notary Profession
- Office: The office licensed by the Ministry for the private notary to practice the profession through it
- (Cabinet Resolution Determining the Fees for Transactions Conducted by the Public Notary and the Private Notary's Fees, 2024, Art. 1)
What are the main obligations and requirements?
The main obligations and requirements under this Cabinet Resolution are: 1. Public notaries must charge the fees indicated in the attached schedule for their services. (Cabinet Resolution Determining the Fees for Transactions Conducted by the Public Notary and the Private Notary's Fees, 2024, Art. 2(1)) 2. Private notaries must charge the fees prescribed in the attached schedule, plus an additional 30% of those fees as their professional fees. (Cabinet Resolution Determining the Fees for Transactions Conducted by the Public Notary and the Private Notary's Fees, 2024, Art. 2(2)) 3. The Cabinet has the exclusive authority to amend the fees contained in this resolution, whether by addition, deletion or modification. (Cabinet Resolution Determining the Fees for Transactions Conducted by the Public Notary and the Private Notary's Fees, 2024, Art. 3)
What fees, charges, or financial provisions are specified?
The Cabinet Resolution specifies the following fees: 1. Fees for transactions provided by the public notary and services provided by the Ministry to the private notary, as indicated in the attached schedule. (Cabinet Resolution Determining the Fees for Transactions Conducted by the Public Notary and the Private Notary's Fees, 2024, Art. 2(1)) 2. Private notaries must charge an additional 30% of the prescribed fees as their professional fees, except for items 16 and 17 in the attached schedule. (Cabinet Resolution Determining the Fees for Transactions Conducted by the Public Notary and the Private Notary's Fees, 2024, Art. 2(2))
What exemptions or exceptions apply?
The Cabinet Resolution provides the following exemption: Federal or local government agencies are exempted from the fees mentioned in this resolution, however, such exemption shall not apply to the companies owned by these government agencies or in which the same holds equity stakes. (Cabinet Resolution Determining the Fees for Transactions Conducted by the Public Notary and the Private Notary's Fees, 2024, Art. 4(3))
How does this law interact with other UAE legislation?
This Cabinet Resolution repeals the following legislation: - Cabinet Resolution No. (61) Of 2017 on the Fees for Transactions provided by the Notary Public and Fees for Services provided to the Private Notary - Any provision that contradicts or conflicts with the provisions of this resolution (Cabinet Resolution Determining the Fees for Transactions Conducted by the Public Notary and the Private Notary's Fees, 2024, Art. 5)
When did this law come into effect?
This Cabinet Resolution was issued on 08 March 2024 and came into effect on 16 March 2024, the day following the date of its publication in the Official Gazette. (Cabinet Resolution Determining the Fees for Transactions Conducted by the Public Notary and the Private Notary's Fees, 2024, Art. 6)
Source Documents
This article analyses Cabinet Resolution Determining the Fees for Transactions Conducted by the Public Notary and the Private Notary's Fees for legal research and educational purposes. For the purpose of interpretation and application, reference must be made to the original Arabic text. In case of conflict, the Arabic text prevails. This does not constitute legal advice.