Tax Residence Certificate in UAE
What is a Tax Residence Certificate (TRC)?
A TRC is an official certificate issued by the Ministry of Finance in the UAE. This document basically certifies that an individual or a business is a tax resident in the UAE, which provides great taxation benefits.
Who is eligible for a TRC?
Individuals
Should have a UAE residence visa
Should be residing in the UAE for a minimum of 180 days in a year Businesses
Corporates
Should be at least a year old
Should have a physical office/lease agreement
Benefits of a TRC
Proof of Tax Residency
Avoids Double Taxation
UAE has double taxation avoidance agreements with 75+ countries
Validity
A TRC is valid for a period of one year and can be applied again, based on satisfaction of mentioned conditions.
Service Spectrum
Flyingcolour® Tax Consultant and J N J Auditing LLC provide accounting and bookkeeping services, tax related services, auditing, economic substance regulation (ESR) services, anti-money laundering compliance services, tax residency certificate assistance, payroll services, excise tax services, other compliance, and CFO services, etc. through our team of experienced professionals. we cover comprehensive and customized packages tailored to your specific requirements.