If you are planning to start your own business in Dubai, the first step would be to obtain VAT registration. If you are not yet registered, you can also apply online or can help from a VAT agent in Dubai. There are certain requirements that you must fulfill to be able to register VAT. The list below lists the basics you need to fulfill to register your VAT in Dubai.
Documents required for vat registration in Dubai:
VAT registration in the UAE is compulsory for businesses that generate an annual turnover of AED 187,500 or more. If your annual turnover falls below this threshold, you need not register. However, if you are planning to expand your business in the UAE, you should register for VAT to be compliant with tax laws. Here are the documents you will need to register for VAT in the UAE. Read on to discover what you need to do to get started.
Business trade license – To register for VAT in the UAE, you will need to present copies of your business trade license. Additionally, you must provide the Emirates ID and passport copies of your partners. Then, you’ll need to fill out the application form. Once you’ve completed this step, you’ll be sent a confirmation email that will ask you to verify the information. The form consists of eight sections. All eight sections require specific data.
As a newly registered business, you may be wondering how to meet the required turnover threshold to register for VAT in Dubai. First of all, you must understand the definition of taxable supply. Essentially, taxable supply means the supply of goods or services by a business in the UAE that is subject to tax. This can be at 5%, 0%, or no tax at all. Imports are also considered.
Online application process:
VAT registration in Dubai is relatively easy to apply for. The process consists of filling out an online form and verifying certain details. Once you have filled out the application form, you will be sent an automatic email asking for verification. The form includes eight sections, each requiring specific information. The form also requires you to provide your Emirates ID. Then, you’ll need to upload supporting documents, such as your trade license and legal entity documents.