Businesses in the modern day are spread far and wide beyond the country of origin. UAE is a haven to several Multinational Companies and Transnational Corporations. Working around the globe, companies often have to comply with tax regulations in various countries of operation. It is essential to ensure that your organization is not levied tax twice in different countries for the same profit. To avoid double taxation the government of UAE has entered into Double Tax Avoidance Agreement (DTAA) with several countries. Tax Residency Certificate or Tax Domicile Certificate is issued by the UAE Ministry of Finance to avail the benefits of DTAA.

Tax Residency Certificate in UAE can be obtained by :

* UAE residence visa through employment contract
* By purchasing Real-estate properties
* By setting up a free zone company
* By Setting up a Mainland Company

Documents required for TAX Residence Certificate for Individuals :

* Passport copy and valid UAE visa copy
* Emirates ID of the individual
* Bank statement for the last 6 months
* Source of income with attested certificate
* Tenancy contract / Title deed
* Entry and Exit report from the immigration
* Requesting letter from the applicant
* Certificate from the sponsor stating the individual activity and source of income

Documents required for TAX Residence Certificate for Companies/Corporate :

* Trade license
* Lease contract
* Copy of the passport and residence of the company director
* Request Letter from the company
* Bank statement for the last 6 months (Note: license should be valid for more than a year)
* Audited financial accounts
* Tenancy contract
* Emirates ID of shareholders

Additional Requirements for individuals and Companies :

* Address
* Country to which TRC is required
* Financial Year
* Date of issue date mentioned in the TRC (if any specific date requires)

The financial and taxation expert team at CORPIN Consultants offer advisory services in tax planning and legal consulting to formalise a tax structure for your entity and availing the benefits of DTAA by statutory filings and meeting necessary tax requirements