If the entrepreneur plans to open and conduct business in the UAE and abroad, the company needs to obtain a tax certificate to avoid double taxation. If an entrepreneur has business in the UAE, but lives, for example, in Europe, then the Tax Certificate gives him the full right not to pay taxes in the country of permanent residence.
This rule works if countries have an appropriate double taxation agreement. The UAE is actively concluding tax agreements with a huge list of countries to this day. The certificate is issued by the Ministry of Finance of the United Arab Emirates. The Certificate can be obtained not only by legal entities, but also by individuals.
Legal entities receive a Certificate if the company has been actively operating in the Emirates for more than 1 year. Be prepared for the fact that the period for issuing and obtaining a certificate, from preparing all the documentation to receiving the certificate itself, is 6 months.
If you have any questions related to company registration or business setup and migration to the United Arab Emirates, contact us via email: firstname.lastname@example.org or via the contact form and online chat. We are glad to advise and provide all the necessary information.