Tax Residency Certificate
Secure your UAE Tax Residency Certificate seamlessly with Stratify’s assistance, ensuring eligibility and ease of application.
What is a Tax Residency Certificate?
A Tax Residency Certificate (TRC) is a document that officially certifies that a company or individual is a tax resident of the UAE for a specific period (usually one year). It allows the certificate holder to claim benefits under the UAE’s Double Taxation Agreements (DTAs), such as reduced withholding tax rates on dividends, interest, and royalties. TRCs are critical for businesses and individuals looking to avoid double taxation on income earned in foreign jurisdictions.
The UAE has signed DTAs with more than 130 countries, making the TRC a valuable tool for those engaging in cross-border activities. It confirms that the UAE is your country of tax residency, allowing you to take advantage of favorable tax treatment under DTAs.
Process of Obtaining a Tax Residency Certificate
Obtaining a Tax Residency Certificate in the UAE involves several steps, including preparing the necessary documentation, submitting an application to the Ministry of Finance, and waiting for the certificate to be issued. Stratify offers end-to-end support to ensure the process is completed smoothly.
Initial Consultation
We start with an in-depth consultation to assess your eligibility for the TRC and ensure you meet all the criteria.
Documentation Collection
We assist you in gathering the necessary documents (outlined below) required to submit your TRC application. Ensuring that all documents are complete and accurate is crucial to avoid delays or rejections.
Application Submission
We prepare and submit your application to the UAE Ministry of Finance on your behalf, along with the required documentation.
Ministry of Finance Review
The Ministry of Finance reviews the application and supporting documents. This process typically takes 2-4 weeks. During this period, we liaise with the ministry to ensure your application is progressing smoothly.
Certificate Issuance
Once approved, the Tax Residency Certificate is issued and is valid for one year. It can be renewed annually by submitting a new application.
Documents Required for a Tax Residency Certificate
For Individuals: Identification and Residency
Provide a copy of your passport, UAE residence visa (valid for 183+ days), and Emirates ID to confirm your identity and legal status.
For Individuals: Financial and Residential Proof
Submit a six-month bank statement, proof of residence (tenancy contract, utility bills, or property ownership), and, if applicable, a salary certificate or proof of income.
Required Documents for Companies
Trade license, MOA, UAE establishment documents, and lease agreement for business premises.
Financial and Identification Proof
Six-month bank statements, audited financials (if applicable), and copies of passport, visa, and Emirates ID for shareholders or directors.
Stratify’s Transfer Pricing Compliance Services
At Stratify, we offer end-to-end support for all aspects of transfer pricing compliance. Our team of experienced tax professionals works closely with your business to ensure that your transfer pricing policies are not only compliant but also strategically aligned with your broader business goals. Here’s how we can help:
Preparation of Disclosure Forms
We gather the necessary data and prepare your transfer pricing disclosure forms for timely submission, ensuring transparency in your intercompany transactions.
Local and Master File Preparation
We understand that every business is unique. Our transfer pricing impact assessments and benchmarking analyses are tailored to meet your specific needs, ensuring that we provide the most relevant and practical solutions.
CbCR Compliance
We assist large multinational groups with the preparation and filing of Country-by-Country Reports, ensuring compliance with the relevant thresholds and deadlines.
Transfer Pricing Advisory
Beyond compliance, we provide strategic transfer pricing advice to help optimize your tax position and mitigate potential risks. Our experts stay up-to-date with the latest regulatory developments to ensure your policies are always aligned with current laws.
Start your Business Today
Start your Business Today
Our Other Corporate Tax Services
Corporate Tax Impact Assessment
Corporate Tax Registration
Corporate Tax Return Filing
Transfer Pricing Impact Assessment
Transfer Pricing Compliances
Advisory on cross-border transactions
Tax Residency Certificate
Permanent Establishment (PE) Analysis
Place of Effective Management (POEM) Analysis
FTA Private clarifications
Tax Reliefs/Exemptions
Tax Representation
- Corporate Tax Impact Assessment
- Corporate Tax Registration
- Corporate Tax Return Filing
- Transfer Pricing Impact Assessment
- Transfer Pricing Compliances
- Advisory On Cross-border Transactions
- Tax Residency Certificate
- Permanent Establishment (PE) analysis
- Place of Effective Management (POEM) Analysis
- FTA Private Clarifications
- Tax Reliefs/Exemptions
- Tax Representation
Our Services
Stratify Corporate services is an independent and international organisation with a specialization in crafting sustainable solutions and strategies
Value Added Tax
Ensure full compliance with UAE’s Value Added Tax regulations through tailored advisory, registration, filing, and VAT health check services.
Read More
Corporate Tax
Navigate UAE’s corporate tax landscape with strategic tax planning, filing, and compliance support to optimize your tax position.
Read More
Excise Tax
We assist businesses in understanding and complying with excise tax regulations, including registration, filing, and audit preparation.
Read More
Accounting Outsourcing
Streamline your financial operations by outsourcing your accounting needs, from bookkeeping to financial reporting, for efficient management.
Read More
Customs
Simplify import-export procedures and ensure compliance with UAE Customs regulations through advisory, registration, and customs reconciliation services.
Read More
Company Formation
Start your business in the UAE with expert guidance on company incorporation, licensing, and compliance with local regulations.
Read More
Audit & Assurance
Our audit and assurance services provide reliable financial insights, ensuring transparency and compliance with regulatory requirements.
Read More
Economic Substance
Anti-Money Laundering
Protect your business by staying compliant with UAE’s AML regulations, with risk assessments, monitoring, and reporting solutions.
Read More
Frequently Asked Questions
What is a Transfer Pricing Disclosure Form?
The Transfer Pricing Disclosure Form is a mandatory document that provides information on intercompany transactions to tax authorities. It ensures transparency in how prices are determined for transactions between related parties.
What is the difference between a Local File and a Master File?
The Local File is a detailed report of transfer pricing transactions specific to a country, while the Master File provides a global overview of a multinational group’s transfer pricing policies and financial arrangements.
Who is required to file a Country-by-Country Report (CbCR)?
CbCR is required for multinational enterprises (MNEs) with consolidated group revenues exceeding a certain threshold. The report must disclose revenue, profit, and other financial data for each country where the MNE operates.
How often must transfer pricing documentation be updated?
Transfer pricing documentation, including Local Files, Master Files, and CbCR, should be updated annually to reflect the latest financial data and changes in business operations.
What happens if a company fails to comply with transfer pricing regulations?
Non-compliance can result in significant penalties, tax adjustments, and interest charges. Companies may also face increased scrutiny during tax audits.
Latest News
Ready to Simplify Your Journey?
For expert assistance with transfer pricing compliance, including preparation of Disclosure Forms, Local and Master Files, and CbCR, contact Stratify today. Let our team of professionals help you navigate the complexities of transfer pricing regulations while optimizing your global tax strategy.
