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.
The required documents for obtaining UAE Tax Residence Certificate:
The documents required are produced internally by the company, with no outside confirmations necessary.
There are 3 ways you can obtain a UAE residence certificate: through employment, 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
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.
Advantages of Free Zones (FZ)
Set a free zone company in the UAE to become a resident and receive the following advantages:
Personal and corporate bank account opening in the UAE
Personal and corporate bank account opening in the UAE
Personal and corporate bank account opening in the UAE
Personal and corporate bank account opening in the UAE
Personal and corporate bank account opening in the UAE
Personal and corporate bank account opening in the UAE
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.