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tax certificate obtaining
Tax Certificate obtaining

TAX & Comprehensive Double Taxation Agreements

WHAT YOU SHOULD KNOW ABOUT UAE TAX SYSTEM

 As a business owner, every transaction you plan to make may have direct or indirect tax consequences. Tax Domicile Certificate is an official document issued by the UAE Ministry of Finance to individuals and corporate entities residing in the UAE. Based on this certificate, UAE tax resident can be exempted from taxes in his home country as he is considered a tax resident of the UAE.

MOF entered into Comprehensive Double Taxation Agreements / Arrangement (DTAs) with more than 80 countries around the world to initiate single tax regime giving advantages to companies registered in UAE.

<< helps investors to better assess their potential tax liabilities on economic activities

<< provides an added incentive for overseas companies to do business in United Arab Emirates

As of today tax residency in the UAE is not determined based on the number of days resident spends in the country. To qualify for tax residency individual has to obtain UAE resident visa, receive regular monthly payments into his/her bank account in the UAE (i.e. salary, etc.) and maintain resident status by entering the UAE not less than one time per half year.

UAE tax resident qualifies for Tax Domicile Certificate one year after UAE resident visa is issued and stamped in individual’s passport.

UAE Tax Domicile Certificate is valid for a period of one year. Once validity of certificate expires a new certificate can be requested.

** Asec Investment Group will evaluate every client request individually and provide solutions

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REQUIREMENTS TO APPLY FOR UAE TAX DOMICILE CERTIFICATE

Tax Domicile Certificate is valid for 1 year and can be issued to an individual or a company that are residents of the United Arab Emirates. To apply and receive tax certificate one needs to submit a number of documents.

Documents required to apply for UAE Tax Domicile Certificate are listed below.

Documents required for individual applicants
1) Passport copy and valid visa copy
2) Request Letter from the person
3) Bank statement for the last 6 months
4) Source of income with attested certificate
5) Certificate from the sponsor stating the individual activity and source of income

Documents required for a corporate entity (at the time of application company shall be operational for not less than 1 year)

1) Trade license
2) Lease contract
3) Copy of the passport and residence of the company director
4) Request Letter from the company
5) Bank statement for the last 6 months
6) Audited financial 

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