With the introduction of VAT Law w.e.f. 1st January 2018 in UAE, all the Companies in UAE are now required to abide VAT law. VAT will be presented at a pace of 5% on merchandise and ventures with some restricted special cases including essential food things, medical care, and training. There are various VAT consultancy services in UAE, and they can help you out with this lengthy process.
FTA requires a number of documents from the businesses to help them get fully registered for VAT – like the trade license copy, the partners or the business owner’s passport copies, Emirates ID, company’s address, contact details, Memorandum of Association, bank details, income statement, business experience, and the owner’s contact details. These are just a few documents, there could be a requirement of any other document for which you will be informed well in time.
Additionally, below is the list of documents required for VAT registration in the UAE:
Documents identifying the authorized signatory e.g. passport copy, Emirates ID
Trade license copy of the company
Other official documents authorizing the entity/individual to conduct activities within the UAE e.g. certificate of incorporation, articles of association, power of attorney etc.
Description of business activities
Turnover for the last 12 months in AED
Supporting document for 12-month sales
Expected turnover in next 30 days
Estimated value of imports for one year from each GCC countries
Estimated value of exports for one year to each GCC countries
Whether you expect to deal with GCC suppliers or customers
Supporting documents for customs registration in each emirate if applicable.
Bank account details
If you’re looking for VAT Registration help, get in touch with TRC Pamco, one of the leading CA firms in Dubai providing VAT Advisory Services. They assist you with VAT Periodical Compliances, VAT Health Check, VAT Registration / de-registration, Assistance in getting VAT Refunds amidst other VAT advisory.