The United Arab Emirates (UAE) attracts investors and entrepreneurs from around the world thanks to its favourable tax system. One of the tools that allows you to make full use of these benefits is the Tax Residency Certificate (TRC).
What is a Tax Residency Certificate?
A Tax Residency Certificate (TRC) is a document issued by the UAE Federal Tax Authority (FTA), confirming the tax residency status of an individual or a company in the UAE. It makes it possible to benefit from the double tax treaties that the UAE has signed with many countries, including Poland.
Who can apply for a TRC?
Individuals:
- Spend at least 183 days a year in the UAE.
- Hold a valid residence visa and a Tax Registration Number (TRN).
Companies:
- Are registered and actively carry on business in the UAE.
- Hold a valid trade licence and a TRN.
Documents required to obtain a TRC
For individuals:
- Passport and visa.
- Emirates ID.
- Bank statement for the last 6 months.
- Tenancy agreement or property title deed.
- Entry and exit history from the immigration authority.
- Cover letter and, where applicable, a certificate from the sponsor.
For companies:
- Trade licence.
- Office lease agreement.
- Passport and Emirates ID of the owner or director.
- Bank statements for the last 6 months.
- Audited financial statements.
- Cover letter and the name of the country for which the TRC is needed.
What are the benefits of holding a TRC?
- The ability to legally avoid double taxation.
- Credibility in dealings with banks and business partners.
- Easier bank account opening and visa applications.
- The ability to benefit from preferential tax rates abroad.
How can we help you?
Global Tax Partners offers comprehensive support with:
- Assessing your eligibility for a TRC.
- Help with preparing the documentation.
- Submitting the application and monitoring its status.
- Liaising with the FTA and managing the entire process on your behalf.
Contact us: 📧 [email protected]
🌐 www.globaltax.partners
Want to benefit from the UAE tax system? Let's talk about your options today!
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