The Tax Residency Certificate or the Tax Domicile Certificate is an official document issued by Federal Tax Authority confirming that an individual or corporate entity resides in the UAE. It is used to take advantage of double taxation avoidance agreements with other countries and to combat tax evasion.
For a natural person to apply for the certificate he must be a resident in the UAE for at least 183 days and legal persons should have been established for at least one year in the UAE. The certificate will be valid for one year from the date of issue and can be used for one specific country at a time and one can have multiple certificates as such.
Individuals and companies can submit a request for this certificate to the FTA in order to benefit from the Double Tax Avoidance Agreements (DTAA) signed by UAE with 76 other countries to avoid double taxation of income.
The Law stipulates that money laundering is independent of the predicate crime and that the punishment of the person who has committed a predicate offence shall not protect him or her from being penalised for money laundering. Penalties other than charges include anywhere from AED 50,000 to AED 5,000,000.
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