How do I obtain a UAE Tax Residency Certificate?


UAE has transformed the rules and regulations from time to time in a short period. This is the country that attracts investors from all over the world due to its diverse economy. It has become considered one of the renowned landmarks. Along with that UAE also attracts businesses for the favorable tax environment. The vast majority of the companies are looking forward to making Residency Certificate in UAE agreements with numerous trade partners.  


What do you know about Tax Residency Certificate?

Tax Residency Certificate in UAE is the document issued by the MOF, the ministry of finance in Dubai. This is assigned to the company that is operated in the country to establish the tax residency. With this certification, the companies are also allowed to benefit from the double taxation avoidance agreements.


The tax residency certificate is also allowed to access for the individuals who have resided in the UAE for at least 180 days. For this, the individuals should have a valid UAE resident visa which should be more than 180 days to apply. Here we listed some of the requirements to obtain a Tax Residency Certificate for corporate as well as for individuals.


Requirements for an individual:

As an individual, you need a copy of your visa or Passport copy that should be issued at least 180 days before you apply for this. You need an Emirates ID copy, the bank statement of UAE for 6 months with the stamps of the bank, and the proof of income. You can submit share certificates, salary, and employment certificates as a document. 


Besides that, you should have the reports of the General Directorate of Residency and Foreign Affairs so that you can prove that the given documents are true. Similarly, for companies, the entity should have a copy of MOA, registration certificate of the company and business structure, many more. 


Final words

The tax residency certificate is mandatory for the company that has been operating on the mainland and active in the country for the last year. The offshore companies are not eligible for this, and they need the tax exemption certificate rather than Tax Residency Certificate in UAE.

Comments

Popular posts from this blog

Where can you find excellent VAT consultancies?

Power of attorney in Dubai

Taxation Consultant in Dubai, UAE