As the UAE continues to evolve its tax landscape, businesses operating within the country must ensure compliance with new regulations. One critical requirement for companies is registering for corporate tax with the Federal Tax Authority (FTA). Understanding the necessary documentation for this process is essential for a smooth and efficient registration. In this blog, we will outline the documents needed to register for UAE corporate tax as a legal person. For expert guidance and support, Instacorp can help you navigate every step of the registration process.
Understanding UAE Corporate Tax
Starting from the financial year beginning on or after June 1, 2023, the UAE has introduced a corporate tax regime with a standard tax rate of 9% on business profits exceeding AED 375,000. This move aligns the UAE with global tax standards and supports the nation’s economic sustainability. To comply with these regulations, businesses must register with the FTA and submit the necessary documentation.
Key Documents Needed for UAE Corporate Tax Registration
1. Trade License
A valid trade license issued by the relevant authority (Department of Economic Development or Freezone authority) is required. This document serves as proof that your business is legally permitted to operate in the UAE.
2. Certificate of Incorporation
The Certificate of Incorporation, issued at the time of company formation, verifies the legal existence of your business. This document is essential for the FTA to recognize your company as a registered entity.
3. Memorandum of Association (MOA) or Articles of Association (AOA)
The MOA or AOA outlines the structure, purpose, and regulations governing your company. These documents are necessary for the FTA to understand the nature and scope of your business activities.
4. Passport Copies of Shareholders and Directors
Valid passport copies of all shareholders and directors involved in the business. These documents are required for identification and verification purposes.
5. Emirates ID Copies
For UAE residents, copies of the Emirates ID for all shareholders and directors are mandatory. This national ID card serves as proof of identity and residency status.
6. Proof of Authorization
A proof of authorization document for the authorized signatory is essential. This can be a board resolution or a shareholder resolution stating the authority of the signatory, ensuring that the person handling the tax registration process is officially authorized to do so.
7. Proof of Registered Office Address
Evidence of your business's registered office address is required. This can be in the form of a tenancy contract (Ejari) for Mainland businesses or a lease agreement from the Freezone authority.
8. Power of Attorney (if applicable)
If a representative is acting on behalf of the company for tax registration purposes, a notarized Power of Attorney (POA) document is required. This grants legal authority to the representative to manage and sign documents on behalf of the company.
9. Additional Supporting Documents
Depending on the nature of your business and its activities, the FTA may request additional documents. These could include specific permits, licenses, or agreements relevant to your industry.
The Registration Process
Step 1: Gather Required Documents
Collect all the necessary documents listed above, ensuring they are accurate and up-to-date.
Step 2: Submit Application
Submit your application and supporting documents to the Federal Tax Authority. Ensure all information is correctly filled out to avoid delays.
Step 3: FTA Review and Approval
The FTA will review your application and may request additional information or documentation. Once approved, you will receive a Tax Registration Number (TRN), confirming your company is registered for corporate tax.
Conclusion
Registering for UAE corporate tax is a crucial obligation for businesses operating within the country. By understanding and preparing the necessary documents, you can ensure a smooth and efficient registration process. Partnering with Instacorp can make this process even more straightforward, allowing you to focus on your business while ensuring compliance with UAE tax regulations.
Ready to register for UAE corporate tax? Click here to leverage Instacorp’s expertise and ensure a seamless registration process.