Tax Residency

Use of legal tax minimization schemes based on the UAE jurisdiction, that implies application of international agreements and ensures full confidentiality of shareholders’ data.

TRN – tax registration number

A tax resident certificate for an individual

Registration of a resident visa
Opening a resident bank account
Proof of income in the UAE
Getting documents confirming the status

A tax resident certificate for a legal entity

Incorporation of a legal entity
Confirmation of real economic presence
Creating an audit report
Getting documents confirming the status

Confirmation of Economic Substance

Companies subject to the ESR conditions must pass a special check for compliance with the requirements of economic presence in the UAE. This involves submitting an annual report to the regulator within 12 months of the end of the previous financial period. Usually, regulators are authorized to independently establish the form of such a report and the procedure for its submission, depending on the type of activity and place of business registration.

Dumany CS has government licenses and proprietary resources and tools to help your business comply with ESR requirements exactly as per UAE law - at no major financial cost.

Why UAE ist the best place for your business

Location

Located in the heart of crossroads for trade routes of Europe and Asia, UAE has been known as the Business hub for countries wishing to access markets around the world. UAE’s strategic position allows all commodity trading and money flows of the world to present unlimited opportunities across a wide range of sectors to meet in the UAE.

Taxes

The UAE does not impose any tax for any local and inter-national entrepreneurs (such as personal tax, income tax, capital gain tax, or withholding tax). International businesses are not liable for any taxes. The only exemption of 5% Value Added Tax (VAT) which is one of the lowest in the world, is levied on specific business activities.

Possibilities

With its unique and rapid development tools in all sectors, the UAE has been known as the land of opportunities, making it home to all innovators and ambitious entrepreneurs around the world.

Growing market

UAE’s economic performance has grown exponentially in every field because of sustainable growth and market stability. Having a wide range of business diversity and demand for all types of goods and services, an increase in FDI * of 80% is projected by 2030.

Security

The UAE law provides a legal framework thoroughly to protect investors’ rights and secure their investments. The laws are strictly enforced, and corruption is imperceptible.

Stability

UAE has maintained its standing as one of the highest in terms of economic growth. Since its inception in 1971, the exchange rate of the local currency has been pegged to USD while the GDP has accelerated 300 times more in the last 20 years.