Benefits of getting a Tax Residency Certificate in UAE

Tax Residency Certificate (TRC)

The Tax Residency Certificate, (or Tax Domicile Certificate) proves your residency in one country and ensures your access to the double taxation agreement benefits. The purpose of this document is to confirm that your tax obligations are only applicable to one country (your country of residence).In the UAE, Tax Residency Certificates are issued by the Ministry of Finance and legally remain valid for twelve months. The importance of getting a Tax Residency Certificate is that it allows individuals and entities to minimize taxes and ensure compliance with international tax regulations by avoiding double taxation. A UAE Tax Residency/Tax Domicile Certificate can be obtained by any business that has been operating for a minimum of one year in any Freezone or on the UAE mainland. Offshore businesses, on the other hand, are not eligible to apply and must instead get a tax exemption certificate. On the other hand, someone who has spent a minimum of six months residing in the United Arab Emirates is eligible to obtain a Tax Residency Certificate. This is particularly useful if your country does not have a formal double taxation agreement with the United Arab Emirates. Just make sure that, prior to filing your application, your legal residency permit has been in effect for a minimum of 180 days.

Benefits of a Tax Residency Certificate In UAE 

The UAE offers investors the best business opportunities and access to the global market. The advantages of possessing a tax domicile or residency certificate include the following

• Preventing the double taxation of income 
• It can display a person's or company's standing within the nation.
• It is possible to evade paying income taxes in some cases. 
• It is capable of eliminating the complexities associated with import and export taxes. 
• There is potential for this to promote the trade of goods and services globally, as well as improve relations between nations. 
• An application for the certificate can be made by either an individual or a corporation.
• Depending on the specific courtiers a company or an individual may possess a unique certificate. 

Reyson Bager - TRC Consultants in UAE

With Reyson Badger's assistance with the necessary paperwork and certifications, our team of professionals is dedicated to simplifying the process for you and guaranteeing a prompt and effective TRC procedure completion. In terms of tax efficiency and compliance with international tax laws, the UAE's changing tax policies—which include the provision of Tax Residency Certificates—offer substantial benefits.

Here are the required documents needed to apply for a Tax Residency Certificate in UAE

Here are the eligibilty criterias for applying a Tax Residency Certificate in UAE

Here are the step-by-step procedure on how to apply for a Tax Residency Certificate in UAE

Here is duration and cost for getting a Tax Residency Certificate in UAE

Here are the TRC eligible countries in UAE