The present world of business believes in carrying business activities on a global platform. Cross-culture business activities are booming to a great extent. This enhances the trade relations between nations but at the same time, it faces an issue when it gets trapped in the webbing of tax. Now, at this point, the business entities face the issue of double taxation during the import-export procedure. The thought of solving this task gave rise to a tax residence certificate, also known as tax domicile certificate.
A Tax Residency Certificate in the UAE is one of the official documents issued by the Ministry of Finance. UAE has signed the treaties with more than 90 countries to avoid double taxation. Tax residency certificate confirming the tax residence of a company or individual person in a given country. It will help to avoid the double taxation for foreign investors; companies form other taxable jurisdictions. The certificate issues for the company those who already registered in the UAE or individual person who has the residency visa.
For individuals and companies, there are some necessary requirements to obtain the Tax Residency Certificate. The process of issuing a tax residency certificate takes approximately 2 weeks to approve the application and up to 2 weeks for the delivery.
Innovative Zone has vast experience in offering Tax Residency Certificate in UAE for our clients and also helps entrepreneurs and firms in starting a business in Dubai through company registration, incorporation and legal consulting services.
Benefits of Tax residency in UAE:
If you need any help with tax residency certificate, feel free to contact us. We’ll be glad to assist you.
