Looking to optimize your taxes and expand your international business? Look no further than UAE legislation! It's a proven, reliable, and effective tool that has helped countless individuals and companies. All you need to do is meet the basic requirements to qualify. Even better, there are no negative legal ramifications for anyone in any nation who chooses to become a tax resident of the United Arab Emirates. Take advantage of this fantastic opportunity to grow your company by working with the top business setup consultants in Dubai! Set yourself up for success by investigating the advantages of UAE law right now!
Tax Residency in The UAE Offers Business Opportunities
Using Treaties to Prevent Paying Double Taxes
Noteworthy is the fact that the United Arab Emirates has agreements with other nations that provide reduced tax rates on some categories of income. You can gain significant benefits for your company as well as for yourself by using these agreements. It's important to examine all available choices and take full advantage of these beneficial tax rates. Therefore, be proactive and seize the opportunity to maximize your tax savings.
Defense Against the Automatic Sharing of Tax Data
Preserving the privacy of data on accounts opened with banks and other financial organizations both domestically and internationally.
Information Concerning Owners and Assets Being Withheld
Information about real estate ownership is protected, and help is based on legal procedures stipulated by UAE legislation
Getting Money Anywhere and Avoiding Taxes
In the United Arab Emirates, profits from corporations' and individuals' abroad operations are not taxable and can be withdrawn without limitation
Withholding Dividends Without Deducting Taxes
The distribution of entire revenue from global sources among shareholders is tax-free in the United Arab Emirates.
Verify The Center for Business Command and Control
Maximizing tax residency status is key to achieving full compliance with UAE Economic Substance Regulations (ESR), ensuring legal adherence and avoidance of penalties.
Conditions for obtaining tax resident status in the United Arab Emirates
Residing in the UAE
To obtain tax resident status you need to reside in the UAE for more than 180 days a year
Resident visa
Individuals, including shareholders or company management, are required to obtain a resident visa
Residence address
For an individual, confirmation of employment and actual place of residence in the UAE are required
Control center
A legal entity requires a physical office as well as administrative staff
Source of income
Permanent income derived from a source in the UAE must be proven
Age of company
A legal entity must be have been incorporated for at least one year
SORP solutions for registration of tax residency status in the UAE
Incorporation and licensing
We choose a business license and form of legal entity, and incorporate a local or free zone company
Registration of residency
Guards against automatic exchange of tax information when performing UAE banking operations
Opening bank accounts
Use our close cooperation with UAE banks, understanding of procedures and assistance in passing KYC
New rules are in place since 2018 for the automatic exchange of tax information between jurisdictions under the provisions of the Common Reporting Standard (CRS). Automatic information exchange takes place between the tax authorities of an individual’s country of tax residency and the country of citizenship if a bank audit raises suspicions about the origin of funds owned by tax residents of a foreign country. SORP experts recommend obtaining a secure bank account and non-investment visas as categorized by the OECD.
In order to confirm personal status as a tax resident, the following solutions are available:
Business Certificate
After registering for VAT, receiving a Tax Registration Number and a business license
Status of business certificate
With a valid business license and confirmation of the physical location of the company (lease agreement)
Tax domicile certified by Federal Tax Authority
After a year of successful activity, certified by an audit and an income stream earned in the UAE
Economic Substance Report: Ministry of Finance
Confirming economic presence in the UAE, a management decision center, business address and actively trading
Tax advisor certificate
After opening a current account and concluding a service agreement with a Tax Advisory consultancy
For an individual
In order to confirm personal status as a tax resident, the following solutions are available:
Residence permit
On a non-investment basis, obtained for example through formal employment or business ownership in the UAE
Center of vital interests
Documentary evidence of housing availability, confirmation of contact information
Tax domicile certified by Federal Tax Authority
Not earlier than 6 months after receiving the first income in the UAE
Economic Substance for an individual
Confirm employment in the UAE through labor relations or owning a business with a permanent corporate address
Tax advisor certificate
After opening a current account and concluding a service agreement with a Tax Advisory consultancy
SORP Group comprehensive solutions in the field of tax residency
International tax planning
Individual solutions to improve the efficiency of all tax optimization schemes for international business based on UAE legislation and our expertise from successful cases
PRO support
We represent your interests with all government agencies, issue resident visas to partners, staff and their families, and renew permits, licenses and registrations
Obtaining tax domicile
Obtaining resident visas that are not investment in nature, with the provision of all procedures needed to obtain a tax domicile certificate in the UAE
Confirmation of economic presence in the UAE
We prove that operational activities occur at place of incorporation, the presence of a control center in the UAE, and that tax is paid in the UAE
Nominee service tools
We will provide a limited nominee director and shareholder to enable transfer pricing and conceal details of the true company beneficiaries
Confirmation of the center of vital interests in the UAE
We confirm the existence of an active UAE company and identify the main business processes that occur at its place of incorporation