- info@freemontgroup.com
- T +971 444 57 900
Benefits of UAE Tax Residency
- Confirmed tax residency in UAE which imposes no personal income taxes
- Excellent network of Double Tax Treaties
- Strategic location on the trade routes of East and West
- World class logistics and IT infrastructure
- Distinguished and unique life style
- Excellent educational institutions
- A chance to obtain visa for all your family
- You earn the right to move freely in the Gulf States
- Vast horizon of business opportunities for your business
What is a UAE Tax Domicile Certificate?
One of the main advantages of doing business in UAE is the fact that by registering a free zone (FZ) company you can obtain a UAE Tax Certificate.
The UAE Tax Residency Certificate (TRC) is an official document issued by the UAE Ministry of Finance confirming that individuals and corporate entities reside in the UAE.
Authorities and banking institutions in the UAE and many outside consider the UAE Tax Residence Certificates as sufficient proof of tax residency in the UAE.
Under the status of tax residency in the UAE, you can benefit from the attractive business environment and preferential tax treatment.
UAE Tax Residence Certificate Requirements
The required documents for obtaining UAE Tax Residence Certificate:
- passport copy and visa copy
- request letter from the individual
- bank statement with a UAE bank for the last 6 months
- source of income
- certificate from the company stating the individual activity and source of income
The documents required are produced internally by the company, with no outside confirmations necessary.
How to obtain Tax Residency in the UAE
There are 3 ways you can obtain a UAE residence certificate: through an employment contract, by purchasing immovable property, or by registering a free zone company.
The most popular way to become resident of UAE, is to register a free zone (FZ) company. This option allows the expatriate shareholders and employees of the company to apply for residency status
Registration of a free zone (FZ) Company
By establishing a free zone company in the UAE, foreign individuals can obtain residence permits and tax residency certificates from the UAE authorities. A FZ entity in the UAE offers many tax and business possibilities.
FZ companies enjoy exemption from income and corporate taxation, 100% foreign ownership, no exchange restrictions, free profit repatriation, all benefits accruing from the UAE’s nearly 80 double tax treaties, etc.
In 2022 a corporate tax of 9% on corporate income above 100.000 USD was announced.
Personal income remains tax-free.
- Application for company name approval
- Submission of business plan to the free zone authority along with necessary documents for the incorporation of the company
- Visit UAE to complete the incorporation formalities. The free zone company will be established within 5 working days following the execution of the relevant documents at the free zone
- Once the company is incorporated, we proceed with visa applications for the owners, company executives and family members
- As soon as the application for the visa is submitted, you must exit the country and re-enter under the residence permit.
- The visa is issued within 3 weeks following the application and you must return to UAE at this stage to complete the visa formalities. The validity is for 2 years. The UAE resident is only obliged to visit the UAE every 6 months for 1 – 2 days.
Advantages of Free Zones (FZ)
Set a free zone company in the UAE to become a resident and receive the following advantages:
- 0% income tax and corporation
- No physical office required if the activity is considered of service such as consulting, management, internet services, communications, media, design etc.
- Bank account opening (personal and corporate)
- No minimum share capital requirement
- No local partner
- Visas for family and employees
- Visa valid for up to 3 years
- Licence within 72 hours, visas within 30 days
Interested in becoming a UAE Tax Resident ?
The zero tax jurisdiction of UAE is very popular with private businesses and individual entrepreneurs who wish to benefit from its advantageous business and tax environment.
With 0% tax rates on both income taxation for private individuals and corporate taxation of companies among other benefits, it is no surprise the UAE is an ideal solution to both businesses and their owners.
Contact us now for a complimentary consultation with one of our expert advisors!
Our Services
Bank Account
Personal and corporate bank account opening in the UAE.
Consulting
Business consulting and company setup in UAE
Company Setup
Advice about the types of companies, setup and renewal with additional services for entepreneurs
Visas
Procedures and guidance in obtaining visas for you and your family
Legal
Advice and legal assistance to setup and run business in the UAE
Monitoring and Support
Obtaining and renewal of licences, research offices
About Freemont Oneworld Group
Freemont operates in Dubai since 2006 and we are located in own offices in Business Bay, a prime business location in Dubai. In 2019, we merged with Oneworld Mideast, forming the Freemont Oneworld Group.
We are a boutique firm providing niche services to clients which include corporate and trust, global compliance, tax and legal, business advisory, financial advisory and family offices.
We provide our clients the whole spectrum of corporate structures – offshore, international business, free zone, mainland and specialized entities – depending on each client’s needs.
We are an innovative global business provider and we offer an in depth knowledge and experience to our clients.
Freemont Oneworld Group
Bayswater Tower
Level 18, Office 1812
Al Abraj South Street
Business Bay, PO Box 333641
Dubai, UAE
Contact
info@freemontgroup.com
T +971 444 57 900
F +971 444 57 901