Get a free consultation with a personalized review of your situation
By clicking the "Get a Consultation" button, you agree to the Privacy Policy
FTA Registration in Dubai, UAE
Business owners and certain individuals in the United Arab Emirates must be registered with the Federal Tax Authority (FTA) to obtain a valid tax number.
The general rule is as follows: all companies registered in the UAE must register with the FTA as corporate tax payers within two months of receiving their licence, otherwise there will be a fine of AED 10,000. This rule does not apply to Natural Person and companies opened in the form of Sole Establishment.
The general rule is as follows: all companies registered in the UAE must register with the FTA as corporate tax payers within two months of receiving their licence, otherwise there will be a fine of AED 10,000. This rule does not apply to Natural Person and companies opened in the form of Sole Establishment.
Further, the tax number allows you to file VAT information, tax returns and invoices to customers to whom VAT applies. Tax audits serve as a comprehensive review of a company's financial statements, transactions and VAT returns to confirm compliance with tax legislation and avoid the possibility of fraud. According to the latest regulations, the mandatory threshold for VAT registration is AED 375,000.
To register with the FTA, basic information must be provided:
- Type of business.
- Location: Mainland or free economic zone.
- Legal form of organisation.
- Information about the owner of the business.
Among the documents you need to prepare:
- Articles of Association of the company.
- Passport or ID.
- Any other documents containing information about the owner.
- Bank account details.
TRN is a unique tax registration number assigned upon registration with the UAE Federal Tax Authority. It is one of the most important legal identifiers for any business operating in the Emirates. The government responds strictly and promptly to any attempt of business fraud with TRN.
All TRNs have a specific number format that you can quickly identify. It always starts with 100 and then consists of three sets of four digits each. So the structure looks like this: 100-XXXXXX-XXXXXX-XXXXXXXX. After visually confirming that the number is in the correct format, you can confirm it online with TRN Verification Dubai.
All businesses and individuals falling under the tax registration criteria must be registered with the FTA to avoid hefty penalties. Openbiz experts will guide you through the registration process and provide a free consultation to understand the upcoming process.
Get a free consultation
with an individual analysis of your situation
By clicking on the "Get a consultation" button, you agree to the Privacy Policy
Might be interesting:
«Legal and accounting services in UAE»
© Uae-openbiz. All rights reserved
BUSINESS SERVICES