The UAE is known worldwide for its attractive tax treatment, which made the country home to major companies of large international holdings, trade and investment structures. The country offers a unique tax-free environment for individuals. There are no corporate taxes and taxes on personal income in the UAE. The only tax is 5% VAT, which is applied only for selling goods and services at the local territory.
Tax residence determines the tax affiliation of a payer to a particular country, as well as the tax rate and benefits that he can get. The state signs double taxation avoidance agreements. The UAE has such agreements with more than 60 countries. Physical and legal entity can obtain the status of a tax resident in the UAE.
If you want the tax residence schemes to be effective and legal, you should ask professionals about tax residence schemes. SORP Group is a team of experts ready to prepare the solution of the whole complex of tasks related to the registration of tax resident status.
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Our team of experts will evaluate your needs to help you obtain tax residence status in the UAE within the shortest timeframe possible. We provide ready-made solutions for businesses and individuals. Protect yourself and your business against international exchange and take advantage of tax breaks today!