Tax Residency Certificate (TRC)
Tax ResidencyCertificate
Signup for
Free Consultation
What Is TRC?
In the UAE, a Tax Residency Certificate is one of the official documents issued by the Ministry of Finance. UAE has signed tax treaties with 55 countries to avoid double taxation. A certificate of tax residency that certifies that an individual or company is resident in a specific country. Foreign investors and companies from other taxable jurisdictions will be able to avoid double taxation. It is issued to companies that have already registered in the UAE or to individuals who have received a residency visa. For individuals who have lived in the UAE for more than 180 days are eligible to receive a tax residency certificate. We also provide the best business setup consultant in Dubai.
Companies in the UAE can make full use of the advantages of double taxation since the UAE has signed double tax treaties with dozens of countries around the globe. It is a bilateral agreement to protect the interests of foreign investors and companies from other taxable jurisdictions. Because offshore companies are not listed with the tax treaties in UAE, they cannot receive the tax residency certificate. Tax exemption certificates can be obtained instead of tax residency certificates by offshore companies. In the UAE, it only allows companies to be tax-exempt.
There are some procedures for applying for a tax residency certificate for businesses in the UAE. Once the necessary documents are submitted with the application, the certificate will usually be obtained within two months. The company must have been in the UAE for a minimum of three years before applying for the TRC. We are also providing the best solutions for your auditing and forensic auditing services.
Documents Required For
TRC
Document requirement to apply for TRC is for 2 types of entities Companied for individuals.
- All Company Documents
- Request a letter from the company
- Tenancy contacts copy and EJARI
- Shareholder passport copy, visa page, ID copy
- Government fees will be approximately AED: 5,000.00
- Audited financial statements
- Passport copy and visa page, Emirates ID
- The immigration on report stays at, the person stays in Dubai number of days in UAE
- Tenancy contacts and EJARI
- Government fees will be approximately AED: 2,000.00
- Source of income / Salary certificate
- Audited financial statements
Process Of Obtaining The Tax Residency Certificate
- Create an account payable to the UAE Federal Tax Authority portal.
- Fill out the application form and complete it.
- Upload the required documents in JPEG or PDF format.
- Your attached document and the application will be verified and if they meet the criteria, you will get a confirmation email to pay the remaining fees through the system.
- You will receive the certificate through an express courier after payment confirmation.
Benefits Of UAE Tax Residency
Certificate
- It helps to avoid double taxation and receive tax incentives as a resident in the UAE.
- Companies and individuals get separate UAE Tax Residency Certificates which allow income to be covered at both the corporate level and individual levels.
- It validates a company’s legal recognition in the UAE.
- Multiple certifications are allowed for corporations and individuals.
Why Choose
ebs Management Consultants?
Any services related to the certificate of fiscal residence, Tax Residency Certificate in Dubai, or Tax Domicile Certificate are welcomed by ebs management consultants. Our expert staff will make your job easier by getting the relevant subjects, documents, and certification to finish the Tax Residency certificate procedure on time. We will complete the application for a tax residency certificate in Dubai, UAE.
We are also providing completely reliable and innovative solutions to all your requirements regarding accounting and bookkeeping, auditing, and other services.
If you want to reach out to our accountants for a meaningful discussion on Tax Residency Certificate in UAE, connect with us.
FAQ’s
The tax residency certificate is issued for eligible government entities, individuals, and companies to take benefit of agreements of double taxation avoidance on net income. The residing applying for this certificate must be a UAE resident for the last 180 days.
If you want to get the advantage of double agreements in the UAE, companies or individuals must have a tax residency certificate. If a company wants to claim income tax relief in UAE, then a tax residency certification is mandatory from the tax authority of the country.
The applicant of the TRC in UAE must have been a resident of the UAE for at least 180 days. Also, they need an annual lease agreement with the competent authorities such as EJARI in Dubai, and free zone authorities must be attached to the application.
These are the easy steps to follow for you to apply for the tax residency certificate in the UAE:
Sign up for a Tax Certificate account.
Access the Tax Certificate account dashboard.
Click on “Create Tax Residency Certificate.”
Complete the process and pay certificate fees after FTA’s approval.
These are the documents required for the person:
Passport, valid Residence Permit, Emirates ID, a certified copy of the residential lease agreement, salary certificate, source of income, and a bank statement issued by a local bank.
Federal Authority confirmation and approval come within 4 to 5 working days. The confirmation will come after you upload all the correct documents and complete the application form.
The cost of getting a tax residency certificate in Dubai, UAE is AED 2,000. There can be other fees involved for the submission and review, it depends on how you make your application.
