Are you aware that businesses must meet several requirements to comply with local and international tax regulations? This article examines the Tax Residence Certificate (TRC) or Tax Domicile Certificate (TDC).
For a TRC to be granted, a legal entity must have existed for at least one year. In addition, an audited financial report must be attached to the application. If requested, the audit report must include the past year.
Note: Due to the Double Taxation Avoidance Agreement, offshore companies are not eligible to apply for the TRC
Tax residency certificates are not exclusively for entities; individuals living in the UAE can also obtain them. For people from countries like the United States that don't have a double tax avoidance treaty with the UAE, it's especially beneficial. Obtaining a TDC confirms a person's or legal entity's resident status in the UAE.
The process for obtaining a tax residency certificate differs depending on whether it is for an individual or a company, but both groups are subject to several requirements.
To apply for TRC status, the Company (formally known as Legal Person) must submit the following documents:
The Ministry of Finance will conduct the compliance procedure upon receiving the documents and applications, and the Tax Residency Certificate will follow within two to three weeks.
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Please do not hesitate to contact us if you are interested in any of these services.