Required Documents for Corporate Tax Registration in the UAE

Overview:

It is mandatory for certain companies in the UAE to register for corporate tax. This was introduced in 2022 to meet international standards and help the nation develop. To register for corporate tax through EmaraTax, companies must submit certain documents, such as a trade license, Memorandum of Association (MOA), and the passport of the applicant, among others. This article provides all the documents necessary for registering for corporate tax in the UAE.

What is Corporate Tax in the UAE?

The UAE launched a federal Corporate Tax (CT) in June 2023, covering all companies within the Emirates. The tax is imposed on a firm’s net profits. Companies enjoy a 0% tax rate on profits of up to AED 375,000, while profits above this amount are taxed at a regular rate of 9%. A special rate also exists for multinational companies with certain criteria. Some entities, including government institutions and specified non-profits, are exempt from this tax.

Who Needs to Register for Corporate Tax in the UAE?

Most businesses operating in the UAE are required to register for Corporate Tax, including free zone companies. Below is a breakdown of those who must register:

Taxable Persons:
Any individual or entity conducting business in the UAE with an annual turnover exceeding AED 375,000 must register.

Free Zone Entities:
Free zone enterprises usually have to register, but certain of them may be exempted.

Foreign Companies:
Foreign companies that have a permanent establishment or taxable presence in the UAE also need to register.

It should be mentioned that certain companies and specific incomes are exempt. The Federal Tax Authority (FTA) can still ask exempt entities to register in certain instances.

Documents Required for UAE Corporate Tax Registration

Following is an exhaustive list of documents required for corporate tax registration in the UAE:

• Trade License
  A current and legitimate trade license from the proper UAE authority. Make sure the trade license is valid and not expired.
• Memorandum of Association (MOA) or Articles of Association (AOA)
  These documents outline your company’s objectives, structure, and internal regulations. They give the FTA crucial information regarding your business structure.
• Passport Copies of Owners/Partners/Shareholders.
  Passport copies of all the owners, partners, or shareholders. Emirates ID copies can also be demanded for verification.
• Contact Information
  Include accurate and up-to-date contact information, including:
  1. Company phone number(s)
  2. Email address(es)
  3. Contact person’s name and contact information
• Company Information
  Your company’s official address and PO Box details to be used for communications.
• Board Resolution (if required)
  A resolution from the board of directors authorizing the registration process.. This report is generally mandated for formal board companies.
  

Conclusion

Corporate tax registration in the UAE is obligatory for the majority of businesses, including free zone businesses. Registering ahead of time by preparing all the necessary documents, including the trade license, MOA, and details of ownership, can simplify the registration process for businesses. It can ensure compliance with UAE tax rules and aid seamless operations.

About Arnifi

Arnifi is a digital-first Corporate service provider helping companies enter the Middle East region, starting with the UAE and Saudi Arabia markets. Founded and backed by professionals from Amazon, Souq, and other large companies operating in KSA – the team understands what it takes to succeed as a startup in both UAE and Saudi Arabian markets, apart from going through the setup process multiple times. Arnifi will provide a truly digital experience for the entry and scale-up of companies in both the UAE and Saudi Arabia. Discover tailored solutions and strategic partnerships that propel your business forward. Check out at – www.Arnifi.com for more details.

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Also Read: UAE & Singapore – Double Taxation Agreement Policies & Tax Rates