PPG offers guidance on clients tax residency status, TRC application, and international tax treaties in Dubai
Dubai: Dubai-based PRO Partner Group (“PPG”) has confirmed that the company will be offering professional service and guidance to residents in the city on their residency status and whether they are eligible to obtain a Tax Resident Certificate (“TRC”).
PPG’s operations team will liaise with immigration to retrieve entry/exit reports, ensuring that the valid dates are accurate and comply with the 183 or 90-day thresholds required for tax residency in Dubai.
Other key steps in the process to obtain a TRC include passport copy with valid visa for at least 180 days, EID copy, 6 months of UAE bank statements stamped by bank, proof of income, a certified tenancy contract valid for minimum of 3 months prior to application.
Dubai has international tax agreements with other countries, and therefore knowing your tax position will help maximize financial opportunities for our clients.
An individual is deemed a tax resident if they meet either of the following criteria: spending 183 days or more in the country within a year or having their primary residence in Dubai.
Tax residency status determines an individual’s tax liability on their worldwide income.
“It is essential to note that tax residency status is not synonymous with residency under immigration or labor laws,” said Nazar Musa, CEO at PRO Partner Group.
Musa further added, “UAE Tax Residency does not make the individual subject to personal income tax but will help individuals who meet the criteria understand their tax residency position.”
PRO Partner Group with its comprehensive services, can assist with the requirements and process to obtain a tax residency certificate (TRC) for the applicant.
About PRO Partner Group:
PRO Partner Group is the leading company setup, local partnership, and corporate services provider in Abu Dhabi, Dubai, the wider UAE, Oman, Qatar, Bahrain and Saudi Arabia. Launched in 2008, its key services include outsourced PRO & Visa support, HR Services and Accountancy & Payroll for LLC companies, foreign branches and rep offices as well as freezone, mainland and offshore companies. PRO Partner Group is on a mission to provide security, transparency, speed, efficiency and local knowledge to international corporations and investors wishing to set up and run their business in the GCC.