Taxation can be avoided with a tax resident certificate in Dubai and the added benefit of a future double taxation treaty. A Tax Residency Certificate (TRC) is available to any company that has been operating in the country for at least a year on the mainland or in a free zone. Commercial activities in the UAE are now increasing worldwide trade relations, however it becomes problematic once it becomes locked in the tax framework. As a result, businesses are now dealing with the issue of double taxes. A tax residence certificate in the UAE can help to alleviate this problem.Importance of Tax Residency Certificate
Both individual and corporate income taxes are exempt.
It significantly promotes international trade.
It confirms a person’s or company’s legal status in the United Arab Emirates.
Avoid paying additional taxes throughout the import-export procedure.
It contributes to the strengthening of bilateral commercial connections.
Being a resident of the UAE entails avoiding double taxation and taking advantage of tax benefits.
Individuals and companies are permitted to have multiple certifications.
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