What is a Tax Residency Certificate?
Tax Domicile Certificate is a document demonstrating that you pay income taxes to a particular country and grants you the right to take advantage of double taxation avoidance agreements with that country. For example, in the United Arab Emirates, Tax Residency Certificates are issued by the Ministry of Finance for one year.
Benefits of obtaining this certificate
The TRC is available to individuals who have lived in the United Arab Emirates for at least half a year. Getting residency in the UAE can be accomplished in several ways, and AMCA can assist you with that process.
- It is the final, conclusive proof of tax residency in the country of residence for an establishment or individual.
- Certificates of tax residency are available to both mainland and free zone companies.
- Bypassing double taxation is made more accessible for companies and individuals.
- Allows one to avoid income tax in the UAE by displaying individual or corporate status.
- Imports and exports are no longer subject to taxes.
- Boosts international business by fostering relationships between nations.
- This certificate is available to both individuals and corporations.
- Individuals and corporations may obtain various certificates for different countries.
