The UAE’s thriving economic activity is currently improving international trade links, but they can also become complicated when they are exposed to the tax system. Due to this, businesses are battling the issue of double taxation. To address this issue, the concept of obtaining a Tax Residency Certificate in the UAE appears as a solution.
The TRC is a certificate that allows qualifying government entities, businesses, and people to take advantage of double taxation treaties signed by UAE. For natural persons, the applicant must have been a resident of the UAE for at least 180 days whereas for legal persons, he/she must have been established for a period of at least one year.
The UAE’s thriving economic activity is currently improving international trade links, but they can also become complicated when they are exposed to the tax system. Due to this, businesses are battling the issue of double taxation. To address this issue, the concept of obtaining a Tax Residency Certificate in the UAE appears as a solution.
The TRC is a certificate that allows qualifying government entities, businesses, and people to take advantage of double taxation treaties signed by UAE. For natural persons, the applicant must have been a resident of the UAE for at least 180 days whereas for legal persons, he/she must have been established for a period of at least one year.