Businesses & Qualifying Free Zone Persons need to submit the required documents for corporate tax registration in UAE to register and ensure compliance. The documents must be 100% legit and trustable enough to get approved by the FTA. For corporate tax registration, Contact BMS Auditing, the best Corporate Tax Service Provider in the UAE!
The UAE has announced the implementation of a 9% corporate tax on company profits, with a threshold of AED 375,000. Businesses preparing for the proposed UAE corporate tax need to understand the critical administrative requirements such as corporate tax registration, corporate tax deregistration, corporate tax filing of corporate tax returns and payment.
Consulting with corporate tax consultants in Dubai will help business owners to have a prior understanding of such compliance requirements. Failing to comply with these requirements may attract hefty corporate tax penalties in the UAE, which the government may announce soon.
Documents required for UAE Corporate Tax registration
To register for Corporate Tax in UAE, businesses must be ready to submit the required documents. The process for corporate tax registration and fee submission will be done online. The following documents are required for Corporate Tax Registration in UAE.
- Passport copy of the owner/partners who own the license (must not be expired).
- Copy of Trade License (must not be expired).
- Concerned person's contact details (Mobile Number and E-mail).
- Contact details of the company (complete address and P.O. Box).
- Annual Financial Audit Report.
- Memorandum of Association (MOA) - Or - Power of Attorney (POA)
- Emirates ID of the owner/partners who owns the license (must not be expired).
Documents submitted in the corporate tax registration must be legit and clear. Submitting fake or outdated documents can lead to fines and might get into trouble through lawsuits.
Documents required for Corporate Tax Registration for Free Zones
The specific requirements for Corporate Tax registration in the UAE may slightly vary between Mainland and Free Zones/QFZP. Here is the list of documents required for corporate tax registration in UAE for Free Zones and Free Zone Persons.
- Passport copy of the owner/partners who own the license (must not be expired).
- Copy of Trade License (must not be expired).
- Lease agreement within the Free Zone
- Free Zone company establishment documents
- Concerned person's contact details (Mobile Number and E-mail).
- Contact details of the company (complete address and P.O. Box).
- Passport copies of the managers or authorized signatories
- NOC from the Free Zone authorities
- Annual Financial Audit Report.
- Memorandum of Association (MOA) - Or - Power of Attorney (POA)
- Emirates ID of the owner/partners who owns the license (must not be expired).
Note: Submitting fraudulent documents can lead to corporate tax fines and penalties.
When should you register for Corporate Tax in UAE?
The registration process has been started for corporate tax in UAE and Businesses can start registering with the required documents. If you may ask, What is the time limit for Corporate Tax registration? The Ministry of Finance said Businesses in the UAE will have up to nine months from the end of the relevant tax period to submit their tax return and pay the federal corporate tax.
Businesses must register with the Corporate Tax (CT) with the required documents before the time limit and pay the relevant tax amount to be paid.
How should you register for Corporate Tax?
UAE Corporate Tax Registration can be completed online. Since the new EmaraTax platform was issued in the UAE to manage an efficient taxation process in the country, the FTA has made EmaraTax available as an online method for corporate tax registration and payment. You can create an account or migrate your FTA account following our VAT Registration Guide to log in to the Emaratax dashboard.
The corporate tax registration process has started now in EmaraTax for selected entities until June 2023. Here is the dedicated guide from us, click the link to learn the complete steps to register for CT in EmaraTax.
Steps to Register for UAE Corporate Tax in EmaraTax
Corporate Tax Registration Services in UAE
BMS Auditing is equipped with a team of thriving Corporate tax advisors who can help your business to overcome expected roadblocks such as lack of familiarity with corporate tax laws & regulations, structure and compliance issues, lack of resources and lack of a compliant accounting system by providing best Corporate Tax services, accounting services and audit services. For corporate tax registration services in UAE, feel free to contact BMS Auditing UAE now.
