VAT Registration Services in Dubai, UAE

Dubai is a business-friendly city and a center of World attractions. Tax Laws in Dubai comply with the canons of international principles and are profitable, efficient, and transparent. The VAT registration requirements in Dubai may vary depending on the turnover of your business to avoid any disincentive for organizations. Furthermore, the requirements for VAT registration in Dubai are simple and transparent as well as convenient. Businesses have several options when it comes to a VAT registration in Dubai. Such as filling in online forms. Once your company has been successfully registered. You will receive a VAT certificate confirming compliance with your social responsibility.

The method and procedure for VAT registration in UAE are rather straightforward, and to register for VAT. One needs to provide the following documents.

• Copy of your business license.
• Company’s Memorandum of Association (MOA).
• Copy of the Emirates ID held by the owner and partners.
• Details of the business and the bank account.
• Income statement for the previous 12 months.
• Copy of the company owner’s and partners’ passports.
• Structure of the business and the action plan.

The VAT Group Registration procedure in UAE involves two or more companies that make up a group to pay a single tax. Following registration with the Group VAT regime, the interested parties acquire a unified VAT number and can submit a single return. A VAT group allows economically and socially linked individuals and companies to operate as if they were a single VAT entity. The parties involved must meet the following standards to form a VAT group:

• Each participant must have a permanent establishment in the UAE. A “fixed establishment” is a place where a company is officially registered in the UAE. Where key management decisions are made and management responsibilities are carried out.
• Relevant stakeholders need to be linked on a social, economic, or legal basis.

• For VAT purposes, all companies within a VAT group will be recognized as a “SINGLE” entity. This would help businesses simplify VAT accounting and control operations. Such as VAT returns, which need to be created and filed at the group level rather than the company level.
• Deliveries made within entities of a VAT group are not subject to VAT and are considered out of scope or deliveries are not considered. On the other hand, deliveries made by the VAT group to subjects outside the VAT group are subject to VAT.

As the UAE government has established VAT registration services in Dubai. Companies from all sectors and jurisdictions have been invited to apply. A person can register for VAT registration at any time during the year. Subject to the acceptance of category-by-category applications by the FTA. However, before proceeding with the application procedure. You must have all the necessary qualifications.

When a company registers for VAT as an independent entity, it can provide information on one of its bank accounts in the UAE.

The entity must submit information such as the bank name, branch name, account title, etc.

If two or more entities trying to register for VAT as a group, information from one of the two entities’ unique bank accounts (ideally a joint account) would work.

When foreign investors conduct business in the UAE, they must register for VAT. After successful registration, users will acquire a social security number, just like other companies.

Since its inception, MASAR has been a leading business consultant, providing accounting and tax services to commercial companies around the world. Our VAT experts will help your company with VAT registration services in UAE procedure and structure it most profitably.