Tax Residency Certificate in UAE

Tax Residency Certificate in UAE

Tax Residency Certificate is a document that is issued by the Ministry of Finance of UAE to companies or individuals that pay their taxes in other countries for their earnings from the business. It is essential for the businesses to obtain tax residency certificate in the UAE in order to safeguard themselves from double payment of taxes in two different countries.

UAE has entered in the Double Tax Avoidance Agreement with 76 countries in the world and obtaining the tax residency certificate in the UAE will help you to take advantage of the double tax avoidance agreement.

The benefits of tax residency certificate applies to businesses operating on mainland, individuals and even to free zone companies operating in the UAE and enables them to enjoy the benefits offered due to the existence of the double tax avoidance treaties. However, an offshore company (international business companies) cannot obtain a tax residency certificate.

The requirements to obtain a tax residency certificate is different for business entities and for individuals. Below are the list of documents that need to be submitted by the businesses and individuals to obtain a tax residency certificate:

Documents for Business Entities:

• Copy of the Trade License
• Passport copies of all shareholders & managers
• Copies of residency visa of all shareholders & managers
• Copies of Emirates ID of all shareholders & managers
• Latest audited financial statements
• Latest 6 month company bank statement
• Tenancy contract
• Tax forms from the other country in which certificate is to be submitted

Documents for Individuals:

• Copies of identity – passport, Emirates ID & Residency Visa
• Copy of Tenancy Contract
• Latest Salary Slip
• Latest 6 month bank statement
• A report from the General Directorate of Residency that specifies the number of days that resident has stayed in the UAE
• Tax forms from the other country in which certificate is to be submitted

Reyson has a team of professionals that are well-qualified and have expertise in providing tax consultancy services in the UAE. The tax consultant team of Reyson will assist you in all the process of obtaining a tax residency certificate by cross checking all the required documents and suggesting you on the best procedures for your tax liabilities & avoidance of payment of double taxes.