Benefits of UAE Tax Residency

Confirmed tax residency in UAE which imposes no personal income taxes
Excellent network of Double Tax Treaties
Strategic location on the trade routes of East and West
World class logistics and IT infrastructure
Distinguished and unique life style
Excellent educational institutions
A chance to obtain visa for all your family
You earn the right to move freely in the Gulf States
Vast horizon of business opportunities for your business

What is a UAE Tax Domicile Certificate?

One of the main advantages of doing business in UAE is the fact that by registering a free zone (FZ) company you can obtain a UAE Tax Certificate.

The UAE Tax Residency Certificate (TRC) is an official document issued by the UAE Ministry of Finance confirming that individuals and corporate entities reside in the UAE.

Authorities and banking institutions in the UAE and many outside consider the UAE Tax Residence Certificates as sufficient proof of tax residency in the UAE.

Under the status of tax residency in the UAE, you can benefit from the attractive business environment and preferential tax treatment.

UAE Tax Residence Certificate Requirements

The required documents for obtaining UAE Tax Residence Certificate:

passport copy and visa copy
request letter from the individual
bank statement with a UAE bank for the last 6 months
source of income
certificate from the company stating the individual activity and source of income

The documents required are produced internally by the company, with no outside confirmations necessary.

How to obtain Tax Residency in the UAE

There are 3 ways you can obtain a UAE residence certificate: through an employment contract, by purchasing immovable property, or by registering a free zone company.

The most popular way to become resident of UAE, is to register a free zone (FZ) company. This option allows the expatriate shareholders and employees of the company to apply for residency status

Registration of a free zone (FZ) Company

By establishing a free zone company in the UAE, foreign individuals can obtain residence permits and tax residency certificates from the UAE authorities. A FZ entity in the UAE offers many tax and business possibilities.

FZ companies enjoy exemption from income and corporate taxation, 100% foreign ownership, no exchange restrictions, free profit repatriation, all benefits accruing from the UAE’s nearly 80 double tax treaties, etc.

In 2022 a corporate tax of 9% on corporate income above 100.000 USD was announced.
Personal income remains tax-free.

Application for company name approval
Submission of business plan to the free zone authority along with necessary documents for the incorporation of the company
Visit UAE to complete the incorporation formalities. The free zone company will be established within 5 working days following the execution of the relevant documents at the free zone
Once the company is incorporated, we proceed with visa applications for the owners, company executives and family members
As soon as the application for the visa is submitted, you must exit the country and re-enter under the residence permit.
The visa is issued within 3 weeks following the application and you must return to UAE at this stage to complete the visa formalities. The validity is for 2 years. The UAE resident is only obliged to visit the UAE every 6 months for 1 – 2 days.

Advantages of Free Zones (FZ)

Set a free zone company in the UAE to become a resident and receive the following advantages:

0% income tax and corporation
No physical office required if the activity is considered of service such as consulting, management, internet services, communications, media, design etc.
Bank account opening (personal and corporate)
No minimum share capital requirement
No local partner
Visas for family and employees
Visa valid for up to 3 years
Licence within 72 hours, visas within 30 days

Interested in becoming a UAE Tax Resident ?

The zero tax jurisdiction of UAE is very popular with private businesses and individual entrepreneurs who wish to benefit from its advantageous business and tax environment.

With 0% tax rates on both income taxation for private individuals and corporate taxation of companies among other benefits, it is no surprise the UAE is an ideal solution to both businesses and their owners.

Contact us now for a complimentary consultation with one of our expert advisors!

Our Services

Bank Account

Personal and corporate bank account opening in the UAE.

Consulting

Business consulting and company setup in UAE

Company Setup

Advice about the types of companies, setup and renewal with additional services for entepreneurs

Visas

Procedures and guidance in obtaining visas for you and your family

Legal

Advice and legal assistance to setup and run business in the UAE

Monitoring and Support

Obtaining and renewal of licences, research offices

About Freemont Oneworld Group

Freemont operates in Dubai since 2006 and we are located in own offices in Business Bay, a prime business location in Dubai. In 2019, we merged with Oneworld Mideast, forming the Freemont Oneworld Group.

We are a boutique firm providing niche services to clients which include corporate and trust, global compliance, tax and legal, business advisory, financial advisory and family offices.

We provide our clients the whole spectrum of corporate structures – offshore, international business, free zone, mainland and specialized entities – depending on each client’s needs.

We are an innovative global business provider and we offer an in depth knowledge and experience to our clients.

Freemont Oneworld Group

Bayswater Tower
Level 18, Office 1812
Al Abraj South Street
Business Bay, PO Box 333641
Dubai, UAE

Contact

info@freemontgroup.com
T +971 444 57 900
F +971 444 57 901