How to Apply for Tax Residency Certificate in UAE
What the UAE Tax Residency Certificate is
Also known as the “Tax Domicile Certificate,” the Tax Residency Certificate is a document provided to residents, an organization, or a legal entity of the UAE. The certificate is issued by the Ministry of Finance (MoF) and is procured to draw the benefits from the double taxation avoidance agreements. The TRC holds a validity of one full year from the date you receive it.
Eligibility for TRC in UAE
The TRC is issued to individuals, legal entities, organizations, and government entities. Residents of UAE, and residents who run a company in Free Zone or Mainland are all eligible to apply for the TRC.
How to Get Tax Residence Certificate in Dubai
Individuals and businesses residing in the UAE are eligible to get their Dubai Residence Certificate (or otherwise known as TRC). One of the many benefits of getting TRC is that investors residing in the UAE get access to international markets once they carry out a new business setup in Dubai. Moreover, getting a TRC rewards you with major tax incentives.
Benefits of getting a TRC:
- No corporate or income tax
- Tax advantages for import and export
- No double taxation in more than 100 countries
How to Get TRC in UAE
In order to apply for TRC, you’ll have to submit the following details:
- Mobile Number
- Email Address
- Registration
After collecting the above details, you can proceed with applying for TRC.
Types of TRC in UAE
There are many ways that you can go about getting your TRC in UAE, but there are prominently two methods:
- TRC for natural person.
- TRC for legal person.
TRC for Natural Person
To qualify for this TRC, you must have been a resident of the UAE for at least 180 days. In addition to that, you’d require the following documents:
- Copy of your passport
- Source of income
- Copy of your residence
- Copy of Emirates ID
- Immigration report of residence
- Official bank statement
READ MORE: 6 Financing Options for Your Business in UAE
TRC for Legal Person
A legal person must function for at least 1 year in the UAE before applying for the TRC. Documents required are:
- Authorized Signatory Emirates ID Copy
- Official bank statement
- Trade license copy
- Certified tenancy copy
- Authorized signatory’s passport copy
- Memorandum of Association (MoA) or an equally-relevant document
- Audited financial statement
The estimated cost of the TRC in UAE is around AED 2000 and must be paid to the Ministry of Finance. You may also choose to pay the TRC with the UAE e-Dirham Card.
It usually takes a year from the date of application to obtain your TRC. The validity of a TRC is usually one year from the date of procuring the document. After expiry, you will have to apply for a new one.
Start Here
Zero taxes is one of the many reasons why Dubai is the ideal investment destination to many! Waste no time in starting your business setup procedure! We will start your company registration within 24 hours! Get in touch with us at + 971 4321 6631 / + 971 55 744 6445 or fill-in this form to get a free consultation from us.
