A Tax Residency Certificate (TRC) in the UAE, issued by the Federal Tax Authority (FTA), serves as proof of an individual’s or company’s tax residency in the country. This document grants access to various Double Tax Treaties (DTTs) that help prevent double taxation on international income. By securing a TRC, businesses and expatriates can significantly reduce their tax liabilities when conducting global transactions.
To qualify for a Tax Residency Certificate in the UAE, both businesses and individuals must meet certain criteria. Businesses need to be registered and active in the UAE for at least one year and comply with local tax laws. Individuals must have resided in the UAE for 183 days within a year, with supporting documents like an Emirates ID, lease agreements, or utility bills. Risians Accounting helps clients determine eligibility and smoothly navigate the TRC application process.
Let’s connect and discuss how outsourcing can help you save on costs and scale your business.
Obtaining a Tax Residency Certificate in the UAE offers numerous benefits, particularly access to the UAE’s tax treaties with over 115 countries. These agreements help businesses and individuals avoid double taxation, reduce withholding taxes, and enhance credibility in international dealings. By leveraging these tax treaties, companies can enter new markets with reduced tax burdens, boosting growth opportunities. Risians Accounting assists clients in maximizing these advantages.
The application process for a Tax Residency Certificate requires specific documentation. For businesses, this includes business licenses, audited financial reports, and a valid office lease agreement. Individuals must provide documents such as a passport, Emirates ID, and bank statements. Risians Accounting helps businesses and individuals compile and submit all necessary paperwork to the UAE Federal Tax Authority, ensuring compliance and minimizing delays in approval.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.