How to Get a Tax Residency Certificate in UAE: Everything You Need to Know

Tax Residency Certificate in UAE

If you’re a business owner who is looking to establish tax residency in the United Arab Emirates, you’ve come to the right place! In this article, we will discuss everything you need to know about tax residency certificates in UAE. We’ll provide an overview of the process and list some of the benefits of obtaining a tax residency certificate in the UAE. So, whether you’re just starting out in business or are looking for ways to reduce your tax burden, read on for all the information you need!

What is a Tax Residency Certificate, and Why Do You Need One in UAE?

A Tax Residency Certificate is a document that proves your residency status for tax purposes. In order to claim exemption from UAE income tax, you must hold a valid Tax Residency Certificate. The certificate is issued by the relevant tax authority in your country of residence.

If you are not a resident of the UAE and earn income from sources in UAE, you will be liable to pay income tax on that income. To avoid paying taxes on your UAE-sourced income, you must obtain a Tax Residency Certificate from the tax authority in your country of residence.

The process of obtaining a Tax Residency Certificate can be complicated and time-consuming, so it is important to start the process as soon as possible.

If you are not a resident of UAE and do not hold a Tax Residency Certificate, you will be required to pay 30% income tax on your UAE-sourced income. This can amount to a large sum of money, so it is important to take the necessary steps to protect yourself from paying taxes unnecessarily.

How to Apply for a Tax Residency Certificate in UAE

You can apply for a UAE tax residency certificate by submitting an application to the Federal Tax Authority (FTA). The application must be accompanied by the following documents:

  • A copy of your passport or national ID card
  • Proof of address in UAE
  • Documentation confirming your income and assets in UAE
  • Copy of your CV or resume
  • A letter of introduction from your employer or sponsor, if applicable

The FTA will review your application and may request additional documentation. If approved, you will receive a tax residency certificate which will allow you to enjoy certain tax benefits in UAE. For more information, please visit the FTA website or contact their customer service team.

The Documents you will Need to Provide as Part of your Application

-Your resume or CV

-A copy of your academic transcripts

-Proof of English proficiency, if required

-Letter of intent or statement of purpose

-Letters of recommendation, if required

-Any other supporting documents, as needed

These are the documents you will need to provide as part of your application. Be sure to check the application requirements of the program you are applying to, as some programs may require additional documents. Make sure you allow enough time to gather all of the required documents and submit your application on time.

The Process of Applying for a Tax Residency Certificate in the UAE

The process of applying for a tax residency certificate in the UAE is relatively straightforward. You will need to provide certain documents to the authorities, including your passport and proof of residence in the UAE. The authorities will then review your application and may ask you additional questions or request further documentation. If your application is approved, you will be issued a tax residency certificate.

The tax residency certificate is valid for one year, and you will need to renew it if you wish to continue enjoying the benefits of being a tax resident in the UAE. To renew your tax residency certificate, you will need to provide updated documentation to the authorities, including your latest passport and proof of residence. The process of renewing your tax residency certificate is similar to the process of applying for a tax residency certificate in the first place.

If you have any questions or need assistance with applying for a tax residency certificate in the UAE, please do not hesitate to contact us. We would be happy to help!

What Happens After you have applied for a Tax Residency Certificate in UAE

Once you have applied for a tax residency certificate in UAE, the following will happen:

-The Tax Department will review your application and may ask for additional information.

-If your application is approved, the Tax Department will issue you a tax residency certificate.

-You must keep your tax residency certificate with you at all times.

-If you leave the UAE, you must notify the Tax Department and surrender your tax residency certificate.

-If you return to the UAE, you must notify the Tax Department and present your tax residency certificate.

-The Tax Department may audit your tax residency certificate at any time.

-If you violate the terms of your tax residency certificate, the Tax Department may revoke it.

Cost of Tax Residency Certificate in UAE

The cost of a tax residency certificate in the UAE is AED 2000. This price includes the cost of the certificate itself, as well as all associated government fees. The entire process generally takes around four weeks to complete, from start to finish.

To apply for a tax residency certificate in UAE, you will need to provide certain documents and information to the government. This includes your passport, residency visa, and proof of income. The government will then review your application and decide whether or not to approve it.

If you are approved for a tax residency certificate in UAE, you will be exempt from paying taxes on all income earned in the country. This can be a major advantage for those looking to do business in UAE or move to the country permanently.

Benefits of Getting Tax Residency Certificate in UAE

There are several benefits of getting a tax residency certificate in the UAE. These include:

– exemption from paying taxes on all income earned in the country

– simplified process for doing business in UAE

– the ability to work and live in UAE permanently

For those looking to do business in UAE or move to the country permanently, obtaining a tax residency certificate is a major advantage. The process is simple, and the benefits are many. Contact DBS today to learn more about how a tax residency certificate can benefit you.

Conclusion

If you are a business owner or an individual looking to work and live in UAE, it is important that you understand the process of getting a tax residency certificate. The good news is that the process is not difficult, but there are a few things you need to know in order to make sure everything goes smoothly.

At DBS Business Setup, we have helped many individuals and businesses obtain their tax residency certificates and would be happy to assist you as well. Contact us today for more information.

Book a free consultation today!

Call us on +97145667485 or WhatsApp on +971551129344.

You may also chat with a live agent on our website https://www.dubaibusinessservices.com/, request a call back on https://www.dubaibusinessservices.com/contact-us/ or visit our office Clover Bay Tower Office 1111, Business Bay Dubai UAE

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