Documents required for corporate tax registration in UAE

Businesses with certain qualifications must register for corporate tax in the UAE. It was introduced in 2022 to align with international best practices and to elevate the UAE's development. To register for corporate tax under EmaraTax, businesses must submit the required documents. The documents required for corporate tax registration in UAE include a trade license, MOA, Passport of the applicant, etc. This article lets you know about all the documents essential for registering for Corporate tax in UAE. 

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What is Corporate tax in UAE?

The UAE introduced a federal Corporate Tax (CT) in June 2023, applicable to all businesses across the Emirates. This tax applies to a company's net profits. Most businesses benefit from a 0% tax rate on profits up to AED 375,000. For profits exceeding that amount, a standard 9% rate applies. There's also a planned rate for multinational giants meeting certain criteria. Some entities, like government bodies and specific non-profits, are exempt.

Who should register for Corporate tax in UAE?

In the UAE, most businesses must register for Corporate Tax, including those operating in free zones. Here's a breakdown of who needs to register:

• All taxable persons: This includes any entity or individual conducting business in the UAE with a yearly turnover exceeding AED 375,000.
• Free Zone entities: Even businesses in free zones generally need to register for Corporate Tax.
• Foreign companies: A foreign company with a permanent establishment or taxable presence in the UAE must register.

It's important to note that there are exceptions and exemptions for certain types of businesses and income.  The Federal Tax Authority (FTA) may also request some exempt persons to register.

Documents required for UAE Corporate tax registration

Below is the list of documents one needs to have to get corporate tax registration in the UAE. 

1. Trade License

• A valid trade license issued by the relevant authority in the UAE is paramount. This document serves as proof of your legal business operation within the country.
• Ensure your trade license is up-to-date and not expired before proceeding with registration.

2. Memorandum of Association (MOA) or Articles of Association (AOA)

• This foundational document outlines your company's objectives, legal structure, and internal rules. It essentially defines your business blueprint.
• The MOA or AOA provides crucial information to the FTA regarding your company's purpose and framework.

3. Passport Copies of Owners/Partners/Shareholders

• Copies of passports for all company owners, partners, or shareholders are required.
• If applicable, include copies of Emirates ID alongside passport copies for verification purposes.
• These documents confirm the identities of individuals holding ownership or partnership rights in the company.

4. Contact Information

• Provide accurate and up-to-date contact details for your company and a designated contact person. This includes:
• Company phone number(s)
• Email address(es)
• Contact person's name and contact information

5. Company Details

• Registering your company requires providing its official address and PO Box information. This ensures clear communication between the FTA and your company.

6. Board Resolution (if applicable)

• This document, approved by the company's board of directors, authorizes the registration process for corporate tax.
• A board resolution is typically required for companies with established boards.

Read Next: How to register for corporate tax in UAE?

Conclusion

In conclusion, registering for corporate tax in the UAE is a requirement for most businesses operating in the country, including those in free zones. This article has outlined the essential documents you must submit for registration with EmaraTax, including your trade license, MOA, and ownership details. Ensuring you have these documents ready can streamline the registration process and make sure your business complies with UAE tax regulations.

Register for Corporate tax in UAE with Filings.ae experts!!