What is a Tax Residency Certificate?
This document is given to business owners when they are already paying taxes in another country for what they earn in their business. Since the UAE has entered into a Double Tax Avoidance Agreement (DTTA), then nationals from the countries that the UAE has signed this agreement with can obtain this certificate to take advantage of the benefits that come with it.
Who is Allowed to Have a Tax Residency Certificate?
Anyone—individuals and onshore and free zone companies—who can meet certain conditions is permitted to have a tax residency certificate. Offshore companies are not allowed to have this document as they are not considered residents of the country.
The usual requirements must be met by people who wish to have a Tax Residency Certificate. They are mostly easy to present, such as valid passport and visa copies, Emirates ID copies, and six-month UAE bank statements. Valid proof of income in the UAE. (E.g., employment agreement, salary certificate, etc.), tenancy agreement or title deed, payment for the application fees of AED 2,000, etc. Companies have different requirements and should be checked. Before passing an application avoid any hassle of being rejected. For not following procedures. The requirements are also easy to present, such as a copy of the company’s valid trade license. Tenancy agreement or title deed certified copy, physical office space, not a flexi desk, valid passport, copy of visa, and Emirates ID of the company Director/Manager. Latest financial statement that has been certified audited or the company’s UAE bank statements for the last six months, and application fees of AED 10,000.
We Farahat & Co leading Tax agent in UAE will assist you to get a Tax Residency Certificate in UAE.