An Authorization Letter To Close Bank Account is a critical document used in the United Arab Emirates when an account holder needs to delegate the authority to close their bank account to another person. This document becomes necessary in situations where the account holder cannot personally visit the bank, such as when they are abroad, physically unable to attend, or in cases of corporate accounts where specific representatives need to be authorized. The letter must comply with UAE Federal Law No. 14 of 2018 and Central Bank regulations, containing specific details about the account, the authorized person, and the scope of authority granted. It serves as a legal instrument that protects both the bank and the account holder while ensuring proper documentation of the account closure process. The document is particularly relevant in the UAE's dynamic business environment, where international transactions and relocations are common, and must include all necessary elements to satisfy local banking compliance requirements.

1. Date and Place: Current date and place of writing the letter

2. Bank Details: Full name and address of the bank branch where the account is held

3. Account Holder Information: Full name, address, and contact details of the account holder

4. Account Details: Complete bank account number and type of account to be closed

5. Authorized Person Details: Full name, ID/passport number, and contact information of the person being authorized

6. Authorization Statement: Clear statement of authorization to close the account and handle related matters

7. Scope of Authority: Specific powers granted to the authorized person regarding account closure

8. Remaining Funds Instructions: Clear instructions for handling any remaining balance in the account

9. Validity Period: Timeframe for which the authorization is valid

10. Declaration: Statement confirming the account holder's voluntary execution of the authorization

11. Signature Block: Space for account holder's signature, with name and date