Business ventures are complicated in their own respective ways. Right from coming up with a unique concept to setting up the business properly, every step requires proper expertise along with adequate knowledge. But the real challenge kicks in when you need to file for different certifications as per the rules and regulations of the country. Every country has its own rules and regulations for business and other sectors. In the case UAE, one requires to file for different certificates like the Tax Domicile Certificate in UAE for their business.
What is a Tax Domicile Certificate?
A Tax Domicile certification refers to the certificate which is issued by eligible professional government entities in UAE for companies or/and individuals to get the adequate advantages of the dual taxations avoidance on the income assigned by the officials in UAE.
The Ministry of Finance issues this certificate to the individuals or the respective companies and remains valid for one year from the respective date of its issue by the governing body. This certificate is also issued for the residents of this country. Therefore, it can be concluded that obtaining a legal residence permit is the primary requirements for being considered as a resident of the United Arab Emirates.
How to apply for Tax Domicile Certificate?
Firstly, to apply for the Tax Domicile Certificate, one needs to have a valid email address and a mobile number. Also, the person requires to be registered into the system and be the resident in the locality for at least a period of 183 days or more. Following that, you need to proceed as per the rules stated below:
- Go to the MoF website
The first step of application requires the person to create a legitimate account using their credentials, email ID and mobile number on the MoF website. This website is essential as only through this platform, you would be able to apply for the certification. If you already have an account, you can simply log in to the website. Or else, if you are a new user, you need to create the account as soon as possible.
- Submit the documents
The next step would include the documentation required for the approval of the certification. For individuals, the following things are needed:
- A copy of their valid passport
- A copy of their residence
- The title deed or a copy of the certified contract of tenancy
- A copy of the 6-months bank statement for the required financial year
- Certification of the source of income of the person or the salary documentation
- In the case of immigration, one needs to give the immigration reports of residency with both exit and the entry reports
In the case of Corporate:
- A copy of the legal trade license
- Certifications for the establishment, founding, incorporation, memorandum of association
- A copy of the ID cards of the shareholders or directors or the respective company owners
- A copy of the passport of the shareholders or company owners or the directors
- A copy of the residential visa for the directors or the shareholders or the company owners
- A copy of the certified report of audit
- Certified 6-month bank statement for the trade for the financial year
- A copy of the title deed or the tenancy contract.
Make sure to review all these documentations thoroughly to avoid any confusion later.
- Make the payments
Once done with the previous step, you need to pay the appropriate fees for the certificate as implied by the Government of UAE. As the payment gets completed and upon approval, the customers would be able to receive the certification through their respective emails.
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