Double Tax Avoidance Agreement (DTAA)
UAE’s Double Taxation Treaty (DTT) or DTAA is a bi-lateral agreement that preserves and upholds the interests of foreign investors and companies coming from other taxable jurisdictions, and investing in UAE. Any foreign company or national already paying taxes abroad for the profits earned in his/her business, can mitigate any potential tax burden in the UAE as a result of this treaty. Investing in UAE is 100% tax free, and the government does not impose any taxes through DTT on the business owners planning to setup their business in UAE.
Not just the Companies, but individuals who are fiscal resident in UAE for more than 180 days and can provide the documents requested by the ministry of Finance are eligible to use the advantages of the treaty.
UAE has signed Double Taxation Avoidance Agreement or Double Taxation Treaty (DTT) with more than 75 countries:
How to get Tax Residency Certificate in Dubai/Abu Dhabi, UAE
Tax Residency Certificate in UAE is also known as “Tax Domicile Certificate”. It is issued by the UAE Ministry of Finance the governing body, to take advantage of the double taxation avoidance agreements signed between the foreign jurisdictions and the UAE. There are certain criteria to obtain Tax Residence Certificate in UAE, these are:
Eligibility for Tax Residence Certificate in Dubai
- Company operating in UAE Mainland
- Free Zone Company
- An Individual Investor/Business Owner
- An employed individual